Reading Time: 4 minutes They come from 16 different countries, but have one thing in common — Canadian wheat. Participants in the 49th annual International Grain Industry Program at the Canadian International Grains Institute, better known as Cigi, came to Canada to learn more about where the grain they buy comes from, how it is grown and how it […] Read more
Cigi course highlights customer relations
Reliability of Canadian wheat is the theme of Cigi’s annual international program
Lack of grain storage seen as record Russian crop looms
Reading Time: < 1 minute Moscow | Reuters — Russia is facing a lack of grain storage as it remains on track to produce the largest cereals crop in post-Soviet history, the head of Russia’s Grain Union, a non-government farmers’ lobby group, said Tuesday. Arkady Zlochevsky, the head of the union, told a briefing in Moscow he expected a grain […] Read more
Grain consortium lobbying hard for Australia’s biggest wheat exporter
Reading Time: 2 minutes Sydney/Reuters – A consortium seeking to buy Australia’s biggest wheat exporter, Co-operative Bulk Handling Ltd (CBH), is stepping up lobbying for its offer amid concerns the deal may be snubbed and reports of a rival Chinese bidder. The Australian Grains Champion (AGC), which includes farmers and some former directors of CBH, wants to acquire and list […] Read more
Canadian wheat rejected in Egypt re-exported to Europe
Reading Time: 2 minutes Abu Dhabi | Reuters — A shipment of Canadian wheat rejected in Egypt over concerns it contained traces of ergot has been re-exported to Europe after Egypt’s agricultural quarantine rejected a petition from the supplier, trade sources said Thursday. Egypt’s quarantine authority has rejected a series of wheat shipments over traces of the common grain […] Read more
U.S. wheat futures could be scraping bottom
Reading Time: < 1 minute CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
Russia now expected to leave grain tax scheme intact
Reading Time: 2 minutes Moscow | Reuters — Russia, one of the world’s largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia’s foreign sales of wheat sent global prices to a one-month high earlier […] Read more
Lower loonie helps farmers, but only so much
Reading Time: < 1 minute CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more
Russian ministry proposes reducing wheat export tax
Reading Time: < 1 minute Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, the Interfax news agency reported, citing first deputy minister Evgenii Gromyko. The rouble has lost about six per cent against the U.S. dollar since the […] Read more
Russia aiming for steady grain crop in 2016
Reading Time: 2 minutes Moscow | Reuters –– Russia, one of the world’s largest wheat exporters, is aiming for an unchanged grain harvest in 2016 compared with the current year, the agriculture ministry said Tuesday. If the weather remains favourable during the winter and spring, Russia, a major wheat supplier to Turkey, Egypt and Iran, will harvest a large […] Read more
Views mixed on impact of crude’s slip for ag markets
Reading Time: 3 minutes CNS Canada — While just about everyone agrees the plunging price of oil will have a bearish effect on commodity prices, the size and impact of that fall seems to vary. As recently as Nov. 4, crude oil prices were $48.64 a barrel, but since then have fallen to US$37.86, as of Wednesday’s opening. Some […] Read more
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