CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows […] Read more
Tag Archives Spring Wheat — page 14
MGEX spring wheat futures pull away from winter wheat
MGEX spring wheat shows strength
CNS Canada — Minneapolis (MGEX) spring wheat futures have climbed back to their highest levels in two months and could remain strong relative to other wheat classes over the next few months, according to an analyst. The nearby July 2016 contract is trading at about US$5.50 per bushel, while the July 2017 contract is now […] Read more
Prairie spring wheat bids rise with dry weather
CNS Canada — Cash spring wheat bids across Western Canada improved during the week ended Friday, with prices receiving support from dry weather conditions in Alberta and Saskatchewan. Weakness in the Canadian dollar, which fell from the US80-cent mark to the mid-77-cent range between April 29 and Friday, added to the upside. Depending on the […] Read more
Rising durum acres offset by declining spring wheat
CNS Canada –– Increased durum acres in Canada may limit the upside potential as far as prices are concerned, but smaller spring wheat plantings will also limit the downside, according to a durum trader. Statistics Canada on Thursday pegged intended durum acres at 6.12 million acres, which would be up from 5.82 million in 2015. […] Read more
Prairie spring wheat bids tick lower
CNS Canada — Cash spring wheat bids across Western Canada were slightly weaker during the week ended Friday, as the Canadian dollar gained ground relative to its U.S. counterpart. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by roughly $1 to $2.50 per tonne over the course of the […] Read more
Prairie spring wheat bids down as basis erodes
CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as basis levels deteriorated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$1-$5 per tonne during the week, according to price quotes from a cross-section of delivery points across the Prairie provinces. Average prices ranged […] Read more
U.S. spring wheat yield projections highest ever
Fargo, N.D. (Reuters) — Yield potential for spring wheat grown in the northern U.S. Plains was projected as the highest on record, with the crop benefiting from timely planting and cool weather, according to results from an annual crop tour. Scouts on the Wheat Quality Council’s three-day tour of North Dakota, the top spring wheat […] Read more
Rusts enter southern Manitoba from U.S.
CNS Canada — While fusarium head blight and wheat streak mosaic have already popped up in Manitoba fields, a new strain of disease is making its presence felt in the province’s south. Stripe rust and leaf rust appear to have blown in from the United States. Pam de Rocquigny of Manitoba’s agriculture department said the […] Read more
Nearby spring wheat charts looking bullish
CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, and settled Tuesday at US$5.8275. […] Read more
U.S. spring wheat seeding ahead of average pace
CNS Canada — Hard red spring wheat planting in the U.S. is underway and advancing faster than average due to favourable warm, dry weather in many regions, according to the North Dakota Wheat Commission’s crop progress report. As of Sunday, 17 per cent of the U.S. spring wheat crop was in the ground, up from […] Read more
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