Insights and Stories on Spring Wheat

Jun. 18, 2015 at 4:34 pm CDT

Moscow/Abu Dhabi | Reuters –– Uncertainty over Russia’s new wheat export tax is slowing trade activity as traders who have signed forward contracts say they are unsure about how the formula will be implemented. The floating tax formula, to be launched from July 1, is intended to stop exports surging […]

By maha-el-dahan, Polina Devitt

Jun. 15, 2015 at 7:47 pm CDT

CNS Canada — Cash bids for Canadian wheat dropped during the week ended Friday, as the combination of a rising Canadian dollar and dropping U.S. futures weighed on prices across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12-$16 per tonne lower, with bids ranging from about […]

By Phil Franz-Warkentin

Jun. 12, 2015 at 7:10 pm CDT

CNS Canada — Mounting dryness concerns in some of the prime durum-growing regions of Western Canada have likely already cut into yield prospects, which should support prices going forward. Canadian farmers intended to plant 5.5 million acres of durum this year, well above the 4.75 million seeded the previous year […]

By Phil Franz-Warkentin

Jun. 10, 2015 at 8:03 pm CDT

London | Reuters — Iraq has re-taken control of some grain silos previously seized by Islamic State, but most of the grain held cannot be used as militants aim to destroy sites when retreating, a senior grain official said Tuesday. Islamic State, the breakaway al Qaeda group, which declared an […]

By Jonathan Saul

Jun. 10, 2015 at 1:10 pm CDT

CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, […]

By MarketsFarm Team