Farms.com Home   News

Wheat Market Continues To Show Promise

The Alberta Wheat and Barley Commissions have been holding their Regional Meetings over the last couple of weeks.
 
Jonathon Dreidger with Leftfield Commodity Research is giving the market presentation at the meetings.
 
He says we're seeing good movement and strong demand for Canadian Wheat this year.
 
"For the first 14 weeks of the crop year, Canada has exported over a million tonnes more non-durum wheat than we did at this time last year.
Now we got off to a notoriously slow start last year, and we ended with a bang. It does show just how aggressively we've been moving wheat and
some other commodities through the first part of this year and how good that early season export demand has been for Canadian Wheat."
 
Wheat production is essentially flat making the global stock situation a little tighter.
 
He notes Russia and Australia have seen an increase in wheat production but wheat crops are smaller this year in the Ukraine, E-U, and Argentina.
 
According to Dreidger we have a large durum crop and good export demand.
 
"Actually our expectation here is that we're going to have record large durum exports for the year. Big shipments to Europe, we expect movement to the U-S is going to be up and so kind of our base scenario is about 5.7 million tonnes."
 
He believes we could still see some upside for durum prices.
Click here to see more...

Trending Video

Better Farming Ontario - Proudly Serving the World's Best Farmers for Over 25 Years

Video: Better Farming Ontario - Proudly Serving the World's Best Farmers for Over 25 Years


For over 25 years, Ontario Federation of Agriculture members have trusted Better Farming as a source for information to help them farm profitably, with insights and best practices for cash cropping, soil health, pest and weed control, livestock, and farm business management.

Watch this video to learn more about Better Farming and its relationship with producers across Ontario.

Message from Better Farming:

To our OFA farming readers, thank you for your time and your trust, for 25 years now. We look forward to continuing the journey with you.