There is a lot of competition in the wheat markets as wheat is produced around the world. Below is a brief synopsis on last week’s market events in the major wheat origins. he U.S. Department of Agriculture (USDA) also predicts the world’s exportable supplies of wheat to be at its lowest level in eight years this winter, further supporting prices. Rising wheat futures and a declining Canadian dollar also supported bids.
Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $14.10-$15.80 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices were between $381.10 in southeastern Saskatchewan and $402 in northern Alberta. Quoted basis levels ranged $48.10-$68.90 above the futures when using the grain company methodology of quoting the basis as the difference between U.S. dollar-denominated futures and Canadian dollar cash bids.
Futures of Canadian Wheat:
Dec. ‘21 contract Chicago winter wheat closed at 734-0, down 9-2 cents on Friday, unchanged on the week.
Dec. ‘21 contract Kansas hard red winter wheat closed at 743-6, up 12-6 cents in Friday’s trade, up 6-2 cents on the week.
Dec. ‘21 Minneapolis hard red spring wheat closed at 968-6, up 8-6 cents on Friday, up 22-2 cents on the week
There was some mid-week profit taking in the wheat markets as the USDA report was seen as bearish for soybeans and corn. Despite this, strong demand and tight stocks caused all wheat futures to close higher for the week.
This Monday morning, wheat futures are mixed.
Spring wheat futures continued to move higher as demand is strong and quality milling wheat is in tight supply.
The following graph summarizes the change in North American spring wheat production. On average, the US and Canada produce a total of 38.6 million mt of spring wheat. This year, North American production fell by 42% to just 24.3 million mt.
TEP UP YOUR GRAINS – Expand the variety of grains you eat by trying this widely forgotten ancient food, which has been nicknamed “Pharaoh’s wheat” due to its egyptian origins before it came to Italy. Not only is farro making a comeback for its great taste, it’s also more nutrient packed than most other grains.
PREMIUM QUALITY – Epigrain is dedicated to supplying only the best quality ingredients, and their passion for healthful grains and legumes is evident in the wholesome flavour and texture of all of their products. This farro only has 1 ingredient: farro. You can be sure that nothing else has been added and that you have the purest, highest quality product possible.
A HEALTHY CHOICE – Farro grains are extremely high in fibre, iron, zinc, magnesium, vitamin B and protein. It’s also sure to fill you up , since it’s an unprocessed grain; this means it has an intact bran and germ, the parts of the grain that provide nutrients, protein and fiber, which winds up swelling up in your digestive tract, keeping you satisfied for longer than refined grains. As an unprocessed grain, it is also high in antioxidants.
HIGH VERSATILITY – Farro grain is extremely versatile and can be utilized in myriad recipes. For instance, you can add it in any pureed vegetable soup, stir-fry it with eggs and veggies, toss it in salad, serve it as a hot breakfast cereal with fresh berries and ricotta cheese… the possibilities are almost endless.
ALTERNATIVE DIET COMPATIBILITY – Farro grain is naturally organic food that is 100% vegan and vegetarian friendly, and its high level of nutrients make it all the more suited for a balanced diet of that sort. And while farro grain does contain gluten, it contains lower levels than today’s wheat, and if prepared properly, the gluten is pre-digested and broken down by sprouting and fermentation like a sourdough process. This makes it much more tolerable with anyone sensitive to gluten
Uses/benefits of Canadian Wheat
Wheat Grains are a staple food used to make flour for leavened, flat, steamed breads, Biscuits, cookies, cakes, breakfast cereal, pasta, noodles, couscous and for fermentation to make beer and other alcoholic beverages.
Important: We can provide sortex clean wheat, Machine clean wheat and Non Machine clean wheat.