SASKATOON — There is a new competitor in Canada’s top wheat market, but an analyst isn’t too concerned about the threat. Argentina and China agreed on a phytosanitary protocol in October 2023, paving the way for Argentine wheat to be imported by the Asian giant. Related stories: China, Indonesia to remain top wheat buyers Watch […] Read more
Tag Archives wheat market
!["The rapid emergence of Brazil as a [wheat] exporter in Indonesia and other foreign markets has been remarkable," the U.S. Department of Agriculture stated in its recent Grain: World Markets and Trade report. | File photo](https://static.producer.com/wp-content/uploads/2023/11/23111515/wheat-MR_DSC3036-660x420.jpg)
Brazil muscles its way into global wheat market
SASKATOON — Canadian wheat exporters are facing a new competitor in their second biggest market. “The rapid emergence of Brazil as an exporter in Indonesia and other foreign markets has been remarkable,” the U.S. Department of Agriculture said in its recent Grain: World Markets and Trade report. Indonesia bought 2.14 million tonnes of bulk wheat […] Read more
Wheat market ignores usual signals
Bruce Burnett did not mince words during a recent MarketsFarm webinar. “The wheat market has been brutal, there’s no question about that,” said the analyst. It has gone counter to what he was anticipating for 2023-24. Nearby Minneapolis wheat futures prices have been on a steady decline since early 2022, seemingly ignoring market fundamentals. Wheat […] Read more
EU running low on high protein spring wheat
The market fundamentals for spring wheat are bullish, says an analyst. “I think you’re probably going to be looking at better pricing opportunities here in the future,” said MarketsFarm analyst Bruce Burnett. Strong demand combined with supply problems in key export markets would suggest the crop is undervalued. Minneapolis spring wheat December futures have tumbled […] Read more
Wheat market’s reaction to U.S. rain baffles grain sector
Industry officials are flummoxed by recent wheat market behaviour. Hard Red Winter Wheat (HRWW) July futures tumbled 16 percent between April 18 and May 2. The freefall was due in part to a two-day rain during the last week of April that delivered up to 100 millimetres of moisture to parts of the southern U.S. […] Read more
