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Spring wheat

Prairie wheat bids drop with U.S. futures
Grain Markets, Markets

Prairie wheat bids drop with U.S. futures

USDA’s outlook for record-low winter wheat acres was still above expectations

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Hard red spring wheat bids in Western Canada moved lower during the week ended Jan. 12, as the futures in the U.S. fell sharply on Friday in response to bearish acreage data from the U.S. Department of Agriculture. While USDA pegged winter wheat seedings in the country at their lowest level in more than 100
Darren Bond, farm management specialist with Manitoba Agriculture, runs the audience through 2017 commodity markets during Ag Days Jan. 16-18, 2018.
Crops, Local news

Forget cost per acre — what’s it cost to grow a bushel?

Cost is often expressed as dollars per acre, but farm management specialist Darren Bond says it makes more sense to think of cost in terms of product produced

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Darren Bond wants farmers to stop thinking in dollars per acre. The farm management specialist with Manitoba Agriculture says cost per bushel sold is a more valuable number when farmers go to develop a marketing plan. Farmers sell their product per bushel, making it easier to track and predict profitability if cost uses the same
(Limagrain.com)
Crops

Limagrain says GMO protests could force R+D relocation

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Paris | Reuters — Limagrain, the world’s fourth-largest seed maker, will consider moving its research activities out of France if field trials in its home market continue to be sabotaged by opponents of genetically modified crops. The French co-operative group was targeted last month by protestors who invaded test fields southeast of Paris and scattered
(Dave Clark photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Corn jumps in short-covering bounce

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Chicago | Reuters — U.S. corn futures climbed more than one per cent on Wednesday on short-covering and technical buying after recent contract lows and on expectations that a weaker U.S. dollar may revive slumping export demand. Wheat also rose about one per cent after hitting one-month lows in the previous session, while soybeans recovered
Speaking at at Ag Days in Brandon Jan. 16 Agriculture Minister Ralph Eichler announced an average seven per cent drop in crop insurance premiums for the 2018 crop. Some other important changes to crop insurance were announced in a news release, including ending the pre-harvest deductible for corn and soybeans.
Crops, Local news

Lower crop insurance premiums, in 2018

The pre-harvest deductible on corn and soybeans is ending and CHNR wheat gets its own category

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A host of changes, including lower premiums, are coming to crop insurance for the coming season. Speaking at Ag Days on Jan. 16 Ralph Eichler, the provincial agriculture minister told farmers they can expect to pay less, to no longer have pre-harvest deductibles for corn and soybeans, and to see changes in soybean coverage and
(USDA.gov via Flickr)
Crops, Markets

U.S. grains: Wheat drops most since August after USDA acreage surprise

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Chicago | Reuters — Chicago wheat futures tumbled nearly three per cent on Friday, notching their biggest daily decline since August, after the U.S. Department of Agriculture showed larger-than-expected U.S. winter wheat plantings. Corn futures fell to life-of-contract lows, while soybeans turned higher in a recovery from four-month lows in the wake of the midday
Prairie wheat bids follow U.S. futures higher
Cereals, Grain Markets, Markets

Prairie wheat bids follow U.S. futures higher

The Canadian dollar rose almost one U.S. cent on the week

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Hard red spring wheat bids in Western Canada rose over the past week, following the lead of U.S. futures markets, despite gains in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose by about $3-$4 per tonne in some areas of Western Canada, according

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