The disaster playing out in the northern part of this continent’s grain belt is finally making itself felt on crop futures markets. A few weeks ago, I noted that while the trade was concerned about dry, hot weather in the northern tier, it was also comforted by a good hard red winter wheat harvest in […] Read more
Durum wheat
Richardson makes big move into U.S. with durum deal
Canadian grain giant says it aimed to make a splash with the purchase of a durum mill, three grain elevators and a commodity trading office
Canada’s largest grain company is expanding its reach into the processing sector and into the U.S. market. Richardson International has acquired Italgrani USA Inc., the largest durum miller in North America. The deal includes the mill in St. Louis, Missouri, three full-service grain elevators in North Dakota and a commodity trading office in Minneapolis, Minnesota. […] Read more
Richardson to buy U.S. durum processor
WINNIPEG (Reuters) — Richardson International Ltd. said today that it has agreed to buy Italgrani USA, North America’s largest durum miller, as it increases its food-processing operations. Italgrani’s assets include a mill in St. Louis, Missouri, specializing in semolina and durum flour, storage and crop input facilities in North Dakota and a commodity trading office […] Read more
How to put on the pounds for protein
It might be the year to add some protein to those wheat crops, as it appears that the U.S. might coming up short
I was talking to a crop consultant this week in western Kansas. Harvest is underway in that area and he indicated he was seeing protein coming in lower than anticipated, as well as lower than normal. Farmers in Western Canada and the United States northern Great Plains can use this as a signal that protein […] Read more
Larger durum carryover may threaten prices
Importers are expected to grow more and exporters are expected to grow less, but market questions remain unanswered
Filippo Bertuzzi has a “slightly bearish” outlook for 2021-22 durum prices but it comes with the caveat that there are still some pretty big unresolved questions. The senior analyst with Areté, an Italian agri-food intelligence company, said world production of the crop is expected to rise. But where it is rising is important, he told […] Read more
Outlook for milling wheat appears strong
Canadian producers planted less of the crop than anticipated, and feed and ethanol demand is likely to remain strong
Canadian prairie spring wheat has been the belle of the ball in milling wheat markets in 2020-21 and the outlook for the upcoming year remains promising, says an analyst. Farmers growing low-protein wheats have benefitted greatly from sky-high corn and barley prices, said Brennan Turner, chief executive officer of Combyne Ag. The spot price for […] Read more
Sask. craft brewer makes beer from durum
Next time you’re enjoying a tasty pasta dish made with Canadian durum, why not wash it down with a durum beer? Last month, Saskatchewan-based craft brewer 9 Mile Legacy Brewing introduced its newest beer — No. 1 Durum Wheat Ale — made with durum grown in southwestern Saskatchewan. 9 Mile co-founder Garrett Pederson said it […] Read more
World grows more durum
Filippo Bertuzzi has a “slightly bearish” outlook for 2021-22 durum prices but it comes with the caveat that there are still some pretty big unresolved questions. The senior analyst with Areté, an Italian agri-food intelligence company, said world production of the crop is expected to rise. But where it is rising is important, he told […] Read more
Brisk exports cut into grain, oilseed stocks
Statistics Canada reports that global demand remains strong as stocks of all major crops reach lower levels than last year
The amount of Canadian canola delivered to export terminals at the Port of Vancouver averaged almost 170,000 tonnes a week in April, easily surpassing the pace of deliveries in April 2020. According to data from the Canadian Grain Commission, nearly 675,000 tonnes of canola were delivered to Vancouver export facilities in the four-week period ending […] Read more
Major durum buyer harvesting larger crop
It looks like Morocco will produce 2.02 million tonnes of durum this year, reducing how much it would need to purchase from Canada
A bigger durum crop in Morocco could limit sales to one of Canada’s top markets, say analysts. The U.S. Department of Agriculture’s Foreign Agricultural Service estimates that Morocco is in the midst of harvesting 2.02 million tonnes of durum. That is up from 790,000 tonnes last year and 1.34 million tonnes the year before that. […] Read more
