Reading Time: 2 minutes CNS — Feed grain prices are above milling prices in some areas of Western Canada right now due to complicated travel logistics and patient farmers, says an industry analyst. “Just in general right now, farmers aren’t really big sellers of crop,” said Charlie Pearson, a provincial crops market analyst at Alberta Agriculture and Rural Development. […] Read more
Slow sales, transportation keep Prairie feed grain supported
Tour sees ‘extraordinary’ wheat crop in North Dakota
Reading Time: 2 minutes Bismarck, North Dakota/Reuters — Big spring wheat yields were projected in southern North Dakota as abundant soil moisture and cool weather helped foster crop development following an uneven planting season, scouts on an annual crop tour found on Tuesday. “I think we have seen an extraordinary crop,” said Dan Wogsland, executive director of the North […] Read more
GRAINS: U.S. corn slides to 4-yr lows on bright harvest prospects
Reading Time: 2 minutes U.S. corn futures drifted to fresh four-year lows on Tuesday, erasing early gains as favorable weather forecasts bolstered expectations for a bumper harvest, traders said. Wheat followed corn down. Soybeans closed mostly lower, led by new-crop months, but the spot August contract rose on export demand for U.S. soybeans and soymeal. At the Chicago Board […] Read more
Ag Canada tightens grain/oilseed stocks projections
Reading Time: < 1 minute CNS — Ending stocks of Canada’s major grains and oilseeds at the close of the upcoming 2014/15 (Jul/Nov) crop year will be tighter than earlier projections, according to updated supply/demand tables released by Agriculture and Agri-Food Canada’s market analysis branch on July 22. The latest tables take into account the latest acreage estimates released by […] Read more
Canadian wheat bids mixed despite continued U.S. losses
Reading Time: < 1 minute Average bids for Canadian Western Red Spring (CWRS) wheat weakened slightly during week ended July 21 at a cross section of delivery points across Western Canada. However, Canadian bids lagged the U.S. futures to the downside and basis improvements were seen at many locations. On July 21, average spot bids for 13.5% CWRS across Manitoba, […] Read more
GRAINS: U.S. corn drops to four-year low as weather stays favourable
Reading Time: 2 minutes U.S. corn futures fell 2 per cent to a four-year low on Monday with all months notching contract lows as ideal weather in the heart of the Midwest signaled a bumper harvest, traders said. Soybeans were also sharply lower, with wheat following suit. At the Chicago Board of Trade at 12:05 p.m. CDT (1705 GMT), […] Read more
GRAINS: Wheat futures fall a day after Ukraine crash price spike
Reading Time: 2 minutes Reuters — U.S. wheat futures fell 3.4 per cent on Friday, erasing gains posted a day earlier following the downing of a Malaysian commercial airliner over eastern Ukraine, while Chicago Board of Trade corn futures also declined and soybeans were mostly lower. Investors were worried an escalation of the conflict between Ukraine and Russia, both […] Read more
Whether to spray for fusarium: flowering period is key
Reading Time: 2 minutes Wet weather in eastern Saskatchewan and much of Manitoba means farmers likely have fusarium head blight risk on their minds. But cereal grades are only at stake risk if environmental risks match up with flowering, a crop pathologist says. Vikram Bisht, field crop pathologist with Manitoba Agriculture, Food and Rural Development, says two or three […] Read more
Extent of flood damage to winter wheat not yet known
Reading Time: 2 minutes CNS Canada — While many crops in southern Manitoba and Saskatchewan are considered a write-off this year due to excessive precipitation and flooding, winter wheat is sitting in an area of uncertainty. “We’re not doing worse than anybody else, let’s put it that way,” said Jake Davidson, executive director of Winter Cereals Canada at Minnedosa, […] Read more
Brazil to open added tariff-free import quota for wheat
Reading Time: 2 minutes Brasilia | Reuters — The Brazilian government plans to reduce to zero the 10 per cent import tariff applied to non-Mercosur wheat for a quota of up to one million tonnes through Aug. 15, a source in the government with knowledge of the plan said Wednesday. Brazil, regularly one of the world’s leading importers of […] Read more
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