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Tag Archives durum — page 13

(Thinkstock photo)
Crops, Markets

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
(Alkestida/iStock/Getty Images)
Crops, Markets

Durum markets reckon with weather

'There was no wiggle room for a crop problem'

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MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more
MGEX September 2021 wheat (candlesticks) with 20-day moving average (black line), CBOT and K.C. September 2021 wheats (green and yellow lines) and CBOT December 2021 corn (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures rally after U.S. slashes harvest estimates

Agency raises U.S. corn crop forecast from June

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Chicago | Reuters — U.S. wheat futures climbed on Monday on lower-than-expected production estimates for domestic crops damaged by searing weather and drought, analysts said. Corn and soybean futures also jumped. The U.S. Department of Agriculture, in a monthly report, slashed its harvest outlook for spring wheat other than durum by 41 per cent from […] Read more
The Italgrani USA durum mill at St. Louis, Missouri. (CNW Group/Richardson International)
Crops

Richardson to buy major U.S. durum processor

Italgrani's milling, grain handling assets to go to Winnipeg firm

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Agrifood firm Richardson International is set to expand and further diversify its grain processing space with a deal for what’s billed as North America’s single largest durum flour and semolina miller. The Winnipeg company said Thursday it will buy 100 per cent of the shares in Italgrani USA Inc., whose assets include a mill, elevator […] Read more
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Spring wheat bids spike

Durum bids up moderately

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MarketsFarm — Wheat bids in Western Canada for the week ended Thursday spiked sharply for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while gains for Canada Western Amber Durum (CWAD) were much more subdued. Steep increases in U.S. wheat markets supported values — as did the Canadian dollar, by losing […] Read more
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Drought sends bids higher

U.S. July wheat futures up on week

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MarketsFarm — Mounting drought concerns in the spring wheat-growing regions of Canada and the U.S. saw Prairie cash bids post solid gains during the week ended Thursday. Average CWRS (13.5 per cent) wheat prices were up by $18-$21 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
(Dave Bedard photo)
Crops, Markets

Canola, wheat acres in opposite trends before StatsCan report

'Every commodity was offering options that were profitable'

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MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids correct higher

U.S. wheat futures up on week

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MarketsFarm — Wheat bids across Western Canada moved higher during the week ended Thursday, as U.S. futures saw a corrective bounce after falling to their softest levels in over a month. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.50-$9 per tonne, according to price quotes from a […] Read more
(MarketsFarm photo by Glen Hallick)
Crops

Last year’s flour output up in most categories

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MarketsFarm — Statistics Canada reported on Monday that Canadian wheat millers processed 3.267 million tonnes of all wheat in 2020 — a slight increase of about 2.1 per cent over 2019, keeping flour processing on the rise over the last four years. There were also year-to-year increases in the other categories tracked by the federal […] Read more

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