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Winter Wheat

A soybean crop at Headingley, Man. on Sept. 2, 2021. (Dave Bedard photo)
Crops, Markets, Soybeans, Winter Wheat

CBOT weekly outlook: Soybean purchases steal wheat’s thunder

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MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean […] Read more
(Jack Dykinga photo courtesy ARS/USDA)
Crops, Reuters, Spring Wheat, Winter Wheat

Brazil clears GMO wheat flour from Argentina in global first

Sales, however, may be slow

By
Sao Paulo/Buenos Aires | Reuters –– Brazil on Thursday became the first country to allow imports of flour made with genetically modified wheat, though shipments of the new variety developed in Argentina are unlikely anytime soon due to opposition from Brazilian millers and global consumers. The decision may spur a broader global discussion about genetically […] Read more
Minneapolis (MGEX) December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: CWRS bids up with U.S. futures

However, a strong loonie applies pressure

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MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids rise with U.S. futures

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MarketsFarm — Cash wheat bids across Western Canada moved higher during the week ended Thursday in sympathy with U.S. futures markets. The strength came despite a firmer tone in the Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.40-$14.90 per tonne, according to price quotes from […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed as harvest comes to close

U.S. December wheat futures up on week

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MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile, […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Gains in prices vary by type

MGEX, CBOT December wheats up on week

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MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5 […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Big jump for durum

U.S. futures, lower loonie supportive for cash wheat bids

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MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while there were sharp increases for Canada Western Amber Durum (CWAD). Gains in U.S. wheat markets supported values, as did a steep drop for the Canadian dollar. Average […] Read more
File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)
Crops, Markets, Winter Wheat

Russia’s agriculture ministry pauses grain harvesting data

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Moscow | Reuters — Russia’s agriculture ministry has paused its daily publication of grain harvesting data while it refines the reporting format used by the country’s growing regions, the ministry said Wednesday. Russia is the world’s largest wheat exporter, supplying it mainly to Africa and the Middle East. It competes with the European Union and […] Read more

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