CNS Canada — Wheat bids in Western Canada were mixed for the week ended Thursday, while U.S. wheat futures rose. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada with some unchanged and others rising by $1-$2, according to price quotes from a […] Read more
Tag Archives Spring Wheat — page 11
Prairie wheat bids mixed while U.S. futures rise
U.S. grains: Soy hits one-week top
Chicago | Reuters — U.S. soybean futures climbed to a one-week high on Friday, buoyed by a light surge of buying in the closing minutes of trade following a dull, largely technical session, analysts said. Wheat and corn also closed with modest gains. Chicago Board of Trade November soybeans settled up four cents at $9.72-1/4 […] Read more
Minneapolis wheat trends lower, more losses likely
CNS Canada — Spring wheat futures on the Minneapolis Grain Exchange (MGEX) are trading right above major support and are poised to keep moving lower, according to an analyst. The U.S. Department of Agriculture unexpectedly raised its estimate on the size of the U.S. spring wheat crop to 416.2 million bushels in a report released […] Read more
U.S. grains: Wheat futures slide on larger-than-expected crop view
Chicago | Reuters — U.S. wheat futures fell Friday, with Minneapolis Grain Exchange (MGEX) spring wheat tumbling more than three per cent after the U.S. Department of Agriculture surprised traders by raising its estimate of the U.S. spring wheat crop, despite a summer drought. Soybean and corn futures rose roughly one per cent each on […] Read more
U.S. grains: Soy, spring wheat extend losses on technicals, weather
Chicago | Reuters — U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favourable crop weather continued to pressure prices following steep declines last week. Meanwhile, Chicago Board of Trade wheat and corn futures turned higher on a bargain-buying bounce. CBOT November soybean futures […] Read more
U.S. grains: Wheat falls; corn, soy firm
Chicago | Reuters — U.S. wheat futures fell on Friday, led lower by a sharp decline in MGEX spring wheat as investors liquidated bullish positions following the U.S. Department of Agriculture’s forecast for a bigger-than-expected crop in the northern Plains, traders said. The selloff pushed the benchmark Chicago Board of Trade soft red winter wheat […] Read more
Canadian wheat decline with U.S. futures, rising loonie
CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne […] Read more
Drought hits parts of North Dakota spring wheat prospects
Minot / Reuters – Spring wheat crops in central and northwestern North Dakota were showing the effects of hot, dry conditions and yield prospects were down sharply from a year ago, scouts on an annual crop tour said Wednesday. “The early-planted stuff looks the toughest,” said Dave Green, executive vice president of the Wheat Quality […] Read more
U.S. grains: Improving forecast weighs on corn, soybeans
Chicago | Reuters — U.S. corn and soybean futures fell on Friday, pressured by outlooks for some relief for crops stressed by hot and dry weather during the past few weeks, traders said. “It is a little bit of a moderation in the weather forecast,” said Bill Gentry, a broker at Risk Management Commodities. “The […] Read more
Global buyers of quality wheat face disappointment in Canada
Winnipeg/Chicago | Reuters — Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world’s top exporters, […] Read more
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