MGEX wheat change a bet on Canadian Wheat Board demise

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CHICAGO, Aug 26 (Reuters) – The Minneapolis Grain Exchange, home to U.S. spring wheat futures, is betting on the demise of the Canadian Wheat Board and trying to head off competition from the IntercontinentalExchange (ICE.N) by accepting non-U.S. wheat for delivery against its 128-year-old contract, traders say. "You’ve got a lot of eyes focused on…


Canadian Wheat Board rejects proposal for voluntary pool

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WINNIPEG, Manitoba, Aug 26 (Reuters) – The Canadian Wheat Board would not be viable as a voluntary marketer of farmers’ grain without regulated access to country elevators and export terminals, the CWB’s chairman said on Friday, in rejecting a suggestion from one farmer group. The Western Canadian Wheat Growers Association, which has long called for…


W.Canada to grow more wheat, barley-Wheat Board

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WINNIPEG, Manitoba, Aug 26 (Reuters) – The Canadian Wheat Board raised its 2011/12 outlook for wheat and barley on Friday, as a warm, dry summer looks to produce bigger harvests than a year ago. Spring floods left an estimated 6 million acres unplanted across the Prairies, but a hot summer with timely rains has helped…


Canada wheat quality ‘excellent’ in early harvest

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Questions over world wheat quality received some more positive answers on Friday when the Canadian Wheat Board reported an "excellent" crop so far, and doubts over the German crop were perceived as overdone. The Canadian Wheat Board, the world’s biggest grain and barley seller, said that this year’s wheat crop was set to prove better…


Wheat May Gain as Hot Weather Persists in Main Crop Growing Areas in U.S.

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Wheat, little changed, may advance on concern that hot weather in parts of the U.S. may hinder planting of the winter-crop in the world’s largest exporter. December-delivery wheat traded at $7.87 a bushel on the Chicago Board of Trade at 2:43 p.m. in Singapore, set for a 3.4 percent advance this week, the fifth-straight weekly…


Washington wheat growers benefit from cooler weather

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Wheat farmers might be the only people in Washington not complaining about the state’s recent run of cool, wet weather. It’s giving them a late but bountiful harvest, and helping balance the paltry crops coming out of the country’s drought-ravaged Plains states. Washington is expected to leapfrog over Texas and Oklahoma in winter-wheat production this…


Chicago wheat hikes on dry weather outlook

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CHICAGO, Aug 25, 2011 (Xinhua via COMTEX) — Chicago wheat rebounded on Thursday as the dry weather in U.S. Great Plains threatened to dampen the planting of winter crop. Corn and soybeans settled almost unchanged after choppy and two-side trading. The most active corn contract for December delivery closed at 7. 435 U.S. dollars per…


Barclays: Grains ease on profit-taking after recent strong gains

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LONDON (Commodity Online): The agricultural commodities complex posted price declines on the day. Profit-taking after recent gains saw grains prices easing. Front month CBOT Corn prices managed to close higher on the day at $7.32/bushel, while the new crop December contract hit a new contract high before closing at $7.43/bushel. CBOT Wheat posted the steepest…


UK wheat quality ‘holding up’ amid rushed harvest

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The UK is proving amongst the winners of mixed year for global wheat quality, with farmers rushing to harvest crop even with relatively high moisture content to avoid the threat of rain damage. Adas edged higher its forecast for the yield of the UK wheat crop, typically the European Union’s third-biggest, to 7.5-7.7 tonnes per…


Wheat futures improve on bullish US corn data

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Wheat prices have improved again this week, aided by dwindling US maize prospects and strong export demand. As Farmers Weekly went to press, ex-farm values had reached about £159/t for spot movement – £3.50/t up on the week. Wheat quality so far was excellent, which had reduced feed wheat availability and further supported spot prices,…


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