Reading Time: < 1 minute CNS Canada –– Concerns over poor-quality North American wheat crops have seen the Minneapolis spring wheat premium widen over Kansas City winter wheat — and that spread could grow even larger heading into the summer, according to a U.S. analyst. The nearby MGEX spring wheat contract settled up 3.75 cents on Wednesday, while the corresponding […] Read more
MGEX spring wheat premium widening over winter wheat
Soft white spring wheat spreads east
Ethanol drives new demand while research adapts SWSW to new regions
Reading Time: 5 minutes Until relatively recently, there were few producers outside the irrigation belt of southern Alberta who had ever heard of, much less planted, soft white spring wheat (SWSW). However, backed by 50 years of research, the wheat class is suddenly showing a new potential to be grown on more acres and in more areas, and for […] Read more
MGEX spring wheat futures pull away from winter wheat
Reading Time: 2 minutes CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows […] Read more
MGEX spring wheat shows strength
Reading Time: < 1 minute CNS Canada — Minneapolis (MGEX) spring wheat futures have climbed back to their highest levels in two months and could remain strong relative to other wheat classes over the next few months, according to an analyst. The nearby July 2016 contract is trading at about US$5.50 per bushel, while the July 2017 contract is now […] Read more
Prairie spring wheat bids rise with dry weather
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada improved during the week ended Friday, with prices receiving support from dry weather conditions in Alberta and Saskatchewan. Weakness in the Canadian dollar, which fell from the US80-cent mark to the mid-77-cent range between April 29 and Friday, added to the upside. Depending on the […] Read more
Rising durum acres offset by declining spring wheat
Reading Time: 2 minutes CNS Canada –– Increased durum acres in Canada may limit the upside potential as far as prices are concerned, but smaller spring wheat plantings will also limit the downside, according to a durum trader. Statistics Canada on Thursday pegged intended durum acres at 6.12 million acres, which would be up from 5.82 million in 2015. […] Read more
Prairie spring wheat bids tick lower
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada were slightly weaker during the week ended Friday, as the Canadian dollar gained ground relative to its U.S. counterpart. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by roughly $1 to $2.50 per tonne over the course of the […] Read more
Prairie spring wheat bids down as basis erodes
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as basis levels deteriorated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$1-$5 per tonne during the week, according to price quotes from a cross-section of delivery points across the Prairie provinces. Average prices ranged […] Read more
U.S. spring wheat yield projections highest ever
Reading Time: 1 minute Fargo, N.D. (Reuters) — Yield potential for spring wheat grown in the northern U.S. Plains was projected as the highest on record, with the crop benefiting from timely planting and cool weather, according to results from an annual crop tour. Scouts on the Wheat Quality Council’s three-day tour of North Dakota, the top spring wheat […] Read more
Rusts enter southern Manitoba from U.S.
Reading Time: < 1 minute CNS Canada — While fusarium head blight and wheat streak mosaic have already popped up in Manitoba fields, a new strain of disease is making its presence felt in the province’s south. Stripe rust and leaf rust appear to have blown in from the United States. Pam de Rocquigny of Manitoba’s agriculture department said the […] Read more
A message from April Stewart, Country Guide's Associate Editor
