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Western Canadian wheat bids seen softening
Grain Markets, Markets

Western Canadian wheat bids seen softening

Large and potentially larger global supplies put pressure on prices

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Spring wheat bids in Western Canada were lower during the week ended March 24, as favourable weather in the U.S. Plains and large world supplies weighed on the market. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $4-$5 per tonne across the Prairie provinces, according to price quotes from
Prairies’ cash wheat values finish week mixed
Grain Markets, Markets

Prairies’ cash wheat values finish week mixed

MGEX May wheat was up on the week, while CBOT and K.C. May wheat slipped

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Spring wheat bids in Western Canada were mixed during the week ended March 17, with gains in some classes and losses in others as markets reacted to activity in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $1-$2 per tonne across the Prairie provinces, according to
Wheat and US dollars
Grain Markets, Markets

Prairie wheat bids decline with U.S. futures

The Canadian dollar declined about half a cent in value over the past week

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Spring wheat bids in Western Canada moved lower during the week ended March 10, as spillover pressure from losses in U.S. wheat futures more than made up for the supportive influence of a weaker Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were steady to down $3 per tonne
Western Canadian wheat bids climb as loonie falls
Grain Markets, Markets

Western Canadian wheat bids climb as loonie falls

The dollar dipped about 1-1/2 cents on the week

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Spring wheat bids in Western Canada posted solid gains during the week ended March 3 as weakness in the Canadian dollar gave basis levels a boost. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $5-$10 per tonne across the Prairie provinces, according to price quotes from a cross-section of
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops

Egypt’s GASC cancels wheat tender as ergot policy bites

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Cairo/Abu Dhabi | Reuters — Egypt’s ability to buy wheat from abroad while demanding zero ergot fungus in shipments was dealt a serious blow on Wednesday, with state grain buyer GASC cancelling its tender after receiving just one offer. It was the country’s first tender to purchase wheat since it reinstated its zero-tolerance ergot policy
A Russian grain terminal at the Port of Novorossiysk on the Black Sea. (NMTP.info)
Crops, Markets

Russia muscling into rivals’ wheat markets

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Moscow | Reuters — Russia is muscling in on the markets of its European and North American competitors as it overtakes the European Union to become the world’s biggest wheat exporter for the first time. Russia is expecting a record crop in the 2016-17 marketing season, which began on July 1, while EU harvests are
The Nile River at Cairo. (CIA.gov)
Cereals, Crops

Egypt prosecutor says some local wheat bought on paper only

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Cairo | Reuters –– Egypt’s general prosecutor said on Thursday some local wheat was bought by the government in paper transactions only and not physically delivered, the first public statement by his office on the matter since fraud allegations surfaced last month. Egypt, the world’s largest wheat importer, launched a government-led inspection of wheat silos
(Country Guide file photo)
Cereals, Crops, Markets

Prairie spring wheat bids rise with dry weather

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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
(MGEX.com)
Cereals, Crops, Markets

Minneapolis leads U.S. wheat futures trifecta

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CNS Canada — Minneapolis wheat prices are gaining on those at other U.S. futures markets, as traders expect reduced acres this year. But the opposite is true for the Kansas City exchange as the expectation of high production weighs, and Chicago markets are moving on technical trading. Minneapolis Grain Exchange — “We’re keeping an eye

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