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Spring Wheat

(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Quiet times appear to be ahead

Significant weather event would maybe move prices

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MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots […] Read more
File photo of a wheat harvest in Kazakhstan. (Yerbolat Shadrakhov/iStock/Getty Images)
Crops, Markets, Spring Wheat

Less wheat expected in Kazakhstan in 2023-24, despite same acres

Soil moisture loss expected in wheat-growing regions

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MarketsFarm — As the 2022-23 crop year in Kazakhstan begins to wind down, the U.S. Department of Agriculture (USDA) attaché in the country’s capital of Astana estimated its wheat production at 16.4 million tonnes. Should that forecast hold, the attaché’s report noted it would be the largest wheat harvest since 2017-18. However, going into the […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Stronger loonie sends bids down

U.S. wheat futures also down on week

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MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains deal with severe drought in winter wheat-growing areas, a large snowpack in the northern Plains threatens to delay spring wheat seeding by a few weeks. […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids drift lower

U.S. wheat futures down on week

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MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Wednesday, as choppiness in U.S. futures and strength in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1.60-$6.90 per tonne across the Prairies, according to price quotes from a […] Read more
Parrish and Heimbecker says this view of its Kincardine, Ont. site, pre-construction, shows where a new truck receiving area will be set up. (ParrishAndHeimbecker.com)
Crops, Spring Wheat, Winter Wheat

P+H upgrading southwestern Ontario elevator

Improved unload times expected for wheat deliveries

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Updated, April 6 — Agrifood firm Parrish and Heimbecker has started “major” upgrades on one of its southwestern Ontario grain elevators, with plans to dedicate the site to milling wheat. Winnipeg-based P+H said Tuesday the work already underway at its inland facility on Highway 21 just south of Kincardine will boost unloading speeds on grain […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Reds higher, durum dips

U.S. wheat futures up on the week

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MarketsFarm — Wheat prices on the Canadian Prairies saw modest increases in the red spring varieties during the week ended Thursday, while durum stepped back. Significant gains in the U.S. wheat complex spilled over into Canadian cash prices, but stronger Canadian dollar tempered further increases. Ongoing concerns about dry conditions in the U.S., especially the […] Read more
(Dave Bedard photo)
Crops, Reuters, Spring Wheat

Cargill plans to halt grain export activities in Russia

Viterra also set to halt grain trading in Russia, sources say

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Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in Russia since last year following […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Red spring wheats gain ground, durum dips

U.S. futures, Canadian dollar up on week

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MarketsFarm — Wheat prices on the Canadian Prairies saw upticks in the red spring varieties during the week ended Thursday, while durum stepped back a little. A strong upswing in the U.S. wheat complex lent support to Canadian cash prices, but a slightly higher dollar tempered further increases. There’s continued dryness in the U.S., especially […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: U.S. futures drag down wheat bids

Potential for more interest rate hikes remains

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MarketsFarm — Hawkish comments from the chair of the U.S. Federal Reserve and the possible renewal of the Black Sea Grain Initiative brought down wheat futures on the Chicago Board of Trade (CBOT) for the week ended Thursday — and, in turn, pressured western Canadian wheat bids. In front of the U.S. Senate banking committee […] Read more
A wall in the medina (ancient city quarter) of Rabat, Morocco’s capital. (Cia.gov)
Crops, Markets, Reuters, Spring Wheat

Morocco adjusts wheat import scheme in nod to Black Sea

Move could bump up competition among exporters

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Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able […] Read more

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