Minneapolis

According to the US Department of Agriculture, US weekly wheat net sales, for the period September 10 – 16, 2021, were at 355,900 metric tons (MT). That were down 42 percent from the previous week, but up 1 percent from the prior 4-week average. Increases primarily for the Philippines (126,600 MT, including decreases of 600

Algeria ’s state grains agency OAIC is believed to have purchased durum wheat in a tender which closed on this morning. The volume bought was unclear but initial trade estimates were between 300,000 tonnes to almost 500,000 tonnes. More details are possible later. The durum was expected to be sourced mostly from Mexico with some

US farm markets were all firmed yesterday. Corn prices rose 1.5%. Soybean gained nearly 0.7%. Most wheat contracts gained between 1.75% and 2.25%. On macro markets, oil prices rose on this morning, extending strong gains overnight, as fuel demand growing and US crude stocks declining as production remains hampered in the U.S. Gulf of Mexico

US farm markets were mixed yesterday, after losses in Monday’s session. Corn prices continued to fade shading another 0.88%. Soybeans tacked on double-digit gains, in contrast, gaining 0,91%. Wheat prices, on their part, landed in the red, with most contracts losing between 0.75% and 1.5%. On macro markets, oil prices climbed more than 1% on

Stats Canada put Canadian all wheat production down 1.2 million mt from last month at 21.7 million mt, (-38.3% from last year). Production by province: -SK at 9.0 million mt (-43.6% y/y) with an average yield of 28.1 bpa. -AB at 6.1 million mt (-44.6% y/y) with an average yield of 33.2 bpa. -MB at

Canadian wheat prices for FOB delivery were (Cdn$/mt): – for the N1 class CWRS 13.5% – $491.49, up $15.74 per tonne; – for the N2 class CWRS 13.0% – $484.42, up $16.11/t; – for the N3 CWRS – $411.38, down $2.25 ; – for the N1 CWAD – $756.32, down $128.04 per tonne. (1USD=Cnd$1.282). US