Reading Time: < 1 minute CNS Canada — Even fresh domestic production numbers aren’t able to move Canada’s durum prices, one analyst says, as the market stays stagnant on lacklustre processing demand from North Africa and Europe. “I think the trade was anticipating this number for a long time,” said Jerry Klassen, manager of the Canadian office for Swiss-based GAP […] Read more
Durum at a standstill despite fresh numbers from StatsCan
Demand for North American durum now a balancing act
Reading Time: 2 minutes CNS Canada — North American durum prices are teetering on an edge and could tip higher or lower as the balance between producer selling and demand fluctuates, one U.S. analyst says. Canada’s production came in lower than expected due to drought during the growing season, which propped up durum prices, despite wheat’s global supply glut. […] Read more
Prices to rise as yield prospects drop for durum
Reading Time: < 1 minute CNS Canada — Mounting dryness concerns in some of the prime durum-growing regions of Western Canada have likely already cut into yield prospects, which should support prices going forward. Canadian farmers intended to plant 5.5 million acres of durum this year, well above the 4.75 million seeded the previous year and the largest crop since […] Read more
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