Reading Time: < 1 minute MarketsFarm — Despite commotion in markets due to economic impact from the COVID-19 coronavirus pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton. Feed prices were in a steady decline since the cold snap around the beginning of January, he said. “This week/last week, we haven’t seen the price […] Read more
Feed weekly outlook: Grain prices mostly steady through market turmoil
Prairie cash wheat: Lower loonie strengthens bids
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. Bids for Canada Western Amber Durum (CWAD) were steady to higher. The Canadian dollar was down by approximately four-10ths of a cent during the week, which provided support […] Read more
Western Canadian wheat bids mixed as loonie retreats from highs
Reading Time: 2 minutes MarketsFarm – Wheat bids in Western Canada were mixed for the week ended Oct. 31. Canadian Western Red Spring Wheat (CWRS) was lower, while Canada Prairie Red Spring (CPRS) was steady to lower. Canadian Western Amber Durum (CWAD) was steady to higher. The Canadian dollar dropped almost a half cent from three-month highs to hover […] Read more
U.S. CFTC says Kraft, Mondelez to pay $16M in wheat price manipulation case
Reading Time: < 1 minute Reuters — The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz and Mondelez International will have to pay US$16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and snack food firm Mondelez bought $90 million of December 2011 wheat […] Read more
Cash wheat: Prices stronger in varying degrees
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were generally up for the week ended Aug. 8, with gains in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats in all locations. Durum (CWAD) was either side of steady, depending on location. The Canadian dollar was down by almost a quarter of a […] Read more
Feed weekly outlook: Grain prices softer ahead of harvest
Reading Time: < 1 minute MarketsFarm — Feed grain prices have softened ahead of harvesting season, due in part to improving growing conditions and a stronger Canadian dollar. Drought conditions earlier in the summer had threatened Prairie crop yields and buoyed feed grain prices, but the weather premium has subsided thanks to recent rains. “Rain showed us we’ll have a […] Read more
Feed weekly outlook: Weather buoys grain prices
Reading Time: < 1 minute MarketsFarm –– A dry spring on the Prairies, coupled with intensely wet weather south of the border, has frustrated producers and supported higher feed grain prices. Barley prices have rallied “quite strongly” due to dry weather observed across most of the Prairies, combined with tight supplies from previous years, said Nelson Neumann of Agfinity in […] Read more
Russia’s ag ministry to set up new grain exporters’ union
Reading Time: 2 minutes Moscow/Hamburg | Reuters — Russia’s agriculture ministry will set up a new grain exporters’ union to better understand the needs of the market, it said on Monday after its routine meeting with local grain traders. Traders interpreted it as a result of the close attention with which Russian officials have been monitoring how big exporters […] Read more
Wheat trade hoping for big export year
Reading Time: 3 minutes CNS Canada –– Canadian wheat growers could find themselves popular with international buyers this winter, as world wheat stocks hit lows not seen for a decade. Marlene Boersch, managing partner at Mercantile Consulting Venture, said the present 26-day wheat supply available to world markets, once China’s stockpiles are removed from the equation, should boost prices […] Read more
U.S. grains: Wheat extends decline as Russian supply worries abate
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Tuesday for a second straight session as fears of a shortfall in Russian wheat exports diminished, traders said. Corn and soybean futures also declined, pressured by spillover weakness from wheat as well as improving crop conditions in the U.S. Midwest after widespread rains. Chicago Board of […] Read more
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