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Wheat

CWRS quantity down, but quality up
Cereals, News

CWRS quantity down, but quality up

Drought cut wheat yields but not quality, says the CGC’s chief grain inspector Derek Bunkowsky

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This year western Canadian farmers harvested a high-quality Canada Western Red Spring (CWRS) wheat crop — albeit a smaller one due to drought. Ninety per cent of the 3,500 or so samples submitted to the Canadian Grain Commission (CGC) through its annual Harvest Sample Program fell into the top two grades. Almost 96 per cent
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Wheat futures drop on weather view

CBOT corn, soybean futures rise

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Chicago | Reuters — Chicago Board of Trade winter wheat futures fell 1.7 per cent on Wednesday as forecasts for mild temperatures and some rain in key growing areas raised hopes that the crop will be in good condition before it heads into dormancy, traders said. “U.S. weather for wheat looks pretty good,” said Terry
The weather event could boost Australia’s wheat yields.
News, Weather

Australia declares La Niña for second straight year

Better rainfall could once again boost Australian wheat production

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Australia’s weather bureau said Nov. 23 a La Niña weather phenomenon had developed in the Pacific Ocean for the second year in a row that could bring above-average rainfall across the country’s centre, north and east. La Niña is typically associated with greater rainfall, more tropical cyclones and cooler-than-average temperatures in the equatorial Pacific Ocean. The
(ThamKC/iStock/Getty Images)
Crops, Markets

U.S. EPA proposes biofuel mandate cuts

Proposal seen as boost to pandemic-hit refiners

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New York | Reuters — The Biden administration proposed on Tuesday a reduction in the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic. The long-awaited decision offers some relief to the U.S. refining industry after the health crisis slammed domestic demand
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: CBOT soybeans drop

Corn, wheat up off early weakness

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Chicago | Reuters — U.S. soybean futures fell on Tuesday, pressured by signs of rising competition on the export market that could lead to a domestic supply glut, traders said. Forecasts for improving crop weather in Brazil and Argentina during January also weighed on the market. Corn and wheat futures ended firm after spending much
CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans fall in risk-off trade

Chicago winter wheat firms

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Chicago | Reuters — U.S. corn and soybean futures fell on Monday, with concerns about the spread of Omicron coronavirus variant causing investors to take some risk out of the market, traders said. U.S. Commodity Futures Trading Commission (CFTC) data released on Friday afternoon that showed large speculators cut their net longs in both commodities
“In Western Australia this year, nearly half of the crop is standard white wheat.” – Ole Houle, IKON Commodities.
News

Australia wheat shows lower protein, raising supply woes

A near-record crop is coming off, but quality is on the lower end

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Reuters – Early harvest results for Australia’s near-record wheat crop are showing lower-than-expected protein levels, raising concerns over supplies to a market already suffering shortfalls from key Northern Hemisphere exporters. Australia is expected to be a key wheat exporter in the 2021-22 season, but heavy rains hampered harvesting in some areas and caused some crop deterioration, analysts and traders said.
Canola and corn will see steep increases in the inspection fees for seed crops, but the CSGA says that reflects higher relative costs for inspecting those crops.
News

Higher seed crop certification fees coming

Seed growers have endorsed the increase, but others in the industry say it’s going to undermine the competitiveness of certified seed

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The cost to certify seed in Canada is going up. And despite a vote overwhelmingly in favour of it, some stakeholders are unhappy at the news. Canadian Seed Grower’s Association (CSGA) members voted 111 to 16 to increase fees to certify Canadian seed crops starting in 2022 during a special general meeting online Nov. 24.
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids mixed, watching futures and currency

U.S. wheat futures down on week

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MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5.20-$10.10 per tonne, according to price quotes from a cross-section

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AgCanadaTV: In case you missed it; your national ag news recap for March 27, 2026

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