Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Tag Archives wheat prices
Weak Chinese demand leaves Australia with too much wheat
CBOT Weekly: Weather, new crop projections top of mind
Planting, growing progress pressuring prices
Soybean futures on the Chicago Board of Trade may trade sideways in the coming weeks, while corn and wheat make gains, according to a Chicago trader.
New Chicago spring wheat futures make thin trade thinner
Trading volumes a fraction of Minneapolis spring wheat
The CME Group's new Chicago spring wheat futures may be diluting an already thin market, says analyst Tom Lilja of Progressive Ag in Fargo, North Dakota.
CBOT Weekly: Keep an eye on demand in S/D report
Demand for U.S. corn, planted acres could change
Demand will be the main thing to watch when the United States Department of Agriculture releases its May supply and demand report next week.
Prairie Wheat Weekly: Cash prices mixed on lower U.S. futures
Western Canadian cash prices for spring wheat were mixed during the week ended May 1, while those for amber durum fell back.
Feed Grain Weekly: Prices rise on seasonality
C$3 to C$5/tonne weekly increases reported
Feed prices in the Lethbridge area during the week ended April 24 were slightly higher as growers get deeper into springtime.
CBOT Weekly: Planting pace outweighs Trump comments
Rapid planting paces for major U.S. crops outweighed President Donald Trump's comments on trade with China at the Chicago Board of Trade during the week ended April 23.
CBOT Weekly: Easter rains could spring delays on planting progress
Trump a wildcard
With the United States weather forecast calling for rain on April 18 and 21, planting progress could come to a quick stop, said broker Scott Capinegro of AgMarket.net in Chicago.
Prairie Wheat Weekly: Movement in cash prices mixed
Most spring wheat rises, durum slightly lower
While Western Canadian cash prices for spring wheat were mostly higher during the week ended April 10, those for amber durum eased back.
Feed Grain Weekly: Tariff fears on cattle leads to weak demand
Expect slow spring, summer
As tariff issues continue to hover around the globe, there has been a sharp reduction in the number of cattle in Canadian feedlots, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge. And that has reduced the demand for feed grains in Western Canada to a trickle.
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