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Spring wheat

(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Spring wheat bids mixed, durum jumps

U.S. December wheat futures down on week

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MarketsFarm — Increased worldwide demand for wheat and precipitation across the Prairies have resulted in mixed spring wheat bids for the week ended Thursday. Scattered showers across wheat-growing areas in Western Canada, as well as the ongoing spring wheat harvest, have brought downward pressure on the markets. The rising Canadian dollar also served to lower […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Big jump for durum

U.S. futures, lower loonie supportive for cash wheat bids

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MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while there were sharp increases for Canada Western Amber Durum (CWAD). Gains in U.S. wheat markets supported values, as did a steep drop for the Canadian dollar. Average […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Wheat rises to 8-1/2-year highs on world supply worries

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Chicago | Reuters – U.S. wheat futures climbed to 8-1/2-year highs on Friday and European wheat futures extended gains, led by fresh contract highs in Paris, after steep cuts to world stockpiles in a U.S. government report fuelled supply worries, analysts said. Soybean futures rose on fears of tightening global vegetable oil supplies, but corn […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: CBOT wheat stabilizes after rally as traders await U.S. crop data

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Chicago | Reuters – Chicago Board of Trade wheat futures stabilized on Wednesday as traders adjusted positions ahead of a U.S. government crop report, a day after prices jumped on concerns about tightening global inventories. The U.S. Department of Agriculture is set to issue an update on global grain supplies and demand in a monthly report on […] Read more
A sharply smaller spring wheat harvest due to drought may force bakers to change how they work with flour. Photo: DanielBendjy/E+/Getty Images
Cereals, Reuters, Spring Wheat

Millers, bakers fret as drought withers North America’s spring wheat

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Reuters – Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across the Canadian Prairies and northern U.S. Plains that produce more than half of the world’s supply. U.S. and Canadian farmers are bracing for a sharply smaller spring wheat harvest due to the […] Read more
CBOT September 2021 wheat (candlesticks) with MGEX and K.C. September 2021 wheat (dark greeen and orange O/H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Winter wheat futures up sixth straight day

MGEX spring wheat falls

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Chicago | Reuters — U.S. winter wheat futures rose for the sixth day in a row on Wednesday as adverse weather in key exporting countries raised supply concerns, traders said. Corn futures were steady to firm, with the front-month contract ending flat while new-crop offerings rose on support from dry soils that threatened to hamper […] Read more
CBOT September 2021 wheat (candlesticks) with 20-day moving average (black line) and K.C. September 2021 wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat climbs on deteriorating crop conditions

Corn rises as U.S. crop rating misses consensus

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Chicago | Reuters — Chicago wheat futures climbed on Tuesday to a two-month peak after official data underscored poor conditions for drought-hit U.S. spring wheat. Chicago corn gained, as a lower-than-expected weekly crop rating focused attention back to dry conditions in parts of the Midwest. Soybeans rebounded after being pressured by falling crude oil prices […] Read more

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