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
Ag Canada tightens grain/oilseed stocks projections
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
Egypt raises price paid to local wheat farmers
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
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
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