Reading Time: < 1 minute Cairo | Reuters — Egypt, the world’s biggest wheat importer, will pay local wheat farmers 500 Egyptian pounds (US$70.87) per Egyptian ardeb, the equivalent of around 150 kg, according to a statement posted on the finance ministry’s official Facebook page. Last year the government raised the fixed price it pays for local wheat to 420 […] Read more
Egypt raises price paid to local wheat farmers
Prairie winter wheat in good shape, analyst says
Reading Time: 2 minutes CNS Canada — Winter wheat crops across Western Canada are generally in good shape, according to a CWB analyst, although the lateness of the spring thaw will also push back the harvest in many areas. “The winter wheat is in reasonably good shape,” said Bruce Burnett, a CWB weather and crops specialist. Emergence and moisture […] Read more
U.S. wheat futures still rising, but ‘getting tired’
Reading Time: 2 minutes CNS Canada –– All three U.S. futures markets climbed higher over the past week, rising to some of their best levels of the year. There is some more room to the upside, but further gains may be short-lived, according to an analyst. “Wheat is getting tired,” said Randy Martinson of Progressive Ag at Fargo, N.D. […] Read more
Prairie winter wheat looking good, but damage still possible
Reading Time: 2 minutes CNS Canada — Most winter wheat crops seeded in Western Canada last fall seem to be in good condition so far this spring — but they’re not in the clear yet. “Not all of the winter wheat is out from the snow cover yet,” said Bruce Burnett, crop and weather specialist with CWB in Winnipeg. […] Read more
Weather, Ukraine boost U.S. wheat futures
Reading Time: 2 minutes CNS Canada — U.S. wheat futures rose sharply on Monday and could continue to increase due to cold weather in the southern Plains and the political unrest in Ukraine. “We had this (cold) in the weather forecast,” said Austin Damiani, a U.S. wheat analyst from Frontier Futures in Minneapolis. “The forecasts are calling for even […] Read more
U.S. wheat futures entering neutral territory
Reading Time: < 1 minute CNS Canada — All three U.S. wheat futures markets have posted good gains in recent weeks, after touching contract lows at the end of January. With improvements of 80 cents to a dollar per bushel off of the lows for Minneapolis, Kansas City and Chicago futures, wheat is now in neutral territory from both a […] Read more
Mexican bakery giant to buy Canada Bread
Reading Time: 3 minutes The reported frontrunner to buy Canada Bread is now officially the Canadian bakery firm’s buyer of choice. Mexico’s Grupo Bimbo on Wednesday announced a cash deal to buy all shares of Canada Bread Co. for $72 per share, or about $1.83 billion, accruing mainly to Canada Bread’s 90 per cent owner, meat processor Maple Leaf […] Read more
Spring flooding not a concern for Prairie winter wheat
Reading Time: 2 minutes CNS Canada — Some Prairie winter wheat-growing regions may have received large amounts of snow so far this winter, but flooding shouldn’t be a concern this spring. “We’ve run into some problems when we’ve had snowmelt not moving off of fields” in the past, said Bruce Burnett, weather and crop specialist with CWB in Winnipeg. […] Read more
Prairie wheat bids climb alongside U.S. futures
Reading Time: 2 minutes CNS Canada –– Western Canadian cash bids for Canada Prairie spring red (CPSR) and Canada Western red spring (CWRS) wheat moved higher, following the sharply stronger U.S. wheat futures markets during the week ending Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $168 per […] Read more
U.S. wheat futures correct higher
Reading Time: 2 minutes CNS Canada — All three U.S. wheat futures markets are finally seeing a corrective bounce, after declining steadily since October. While how much higher wheat futures can move remains to be seen, the sharp gains this week could be seen as a sign that the downtrend is over for the time being. “We’re finally coming […] Read more
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