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High-protein wheat expected to survive tariffs

Analysts say the global appeal of Canadian Western Red Spring wheat will help cushion the effects of any U.S. levies

A 25 per cent tariff on all Canadian goods exported to the United States would be painful, say market analysts, but some agricultural sectors, such as canola, may feel it more than others. Meanwhile, high-protein wheat classes such as Canadian Western Red Spring (CWRS) may survive the new world order of international trade.







The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT Weekly: S/D report underpinning U.S. corn, soybeans

More winter wheat acres pressures prices

Corn and soybean futures on the Chicago Board of Trade continued to be supported by the latest supply and demand report issued by the United States Department of Agriculture, said analyst Bryan Strommen of Progressive Ag in Fargo, ND. Meanwhile, wheat has been contending with pressure from an increase in acres.