Prairie wheat bids drop with U.S. futures

Prairie wheat bids drop with U.S. futures

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

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



(Limagrain.com)

Limagrain says GMO protests could force R+D relocation

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)

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

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



(USDA.gov via Flickr)

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

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

(USDA.gov via Flickr)

USDA raises corn harvest view

Washington | Reuters — The U.S. Agriculture Department on Friday boosted its estimate of domestic corn production due to a record yield that stemmed from bumper harvests in major growing states such as Illinois as well as some of the smaller production areas. USDA also trimmed its view of soybean production, although the 2017 crop



Prairie wheat bids follow U.S. futures higher

Prairie wheat bids follow U.S. futures higher

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

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