Video: Wheat Situation and Outlook - Ward Weisensel - CTV Farmgate

[AgrivilleAdmin]

[AgrivilleAdmin]

Ward Weisensel, Senior VP - Trading, Procurement and Risk, G3 Canada Ltd., Winnipeg MB, discusses the current situation and the outlook for Canadian prairie wheat movement and prices through the end of the 2015-16 crop year and the outlook for acreage, production and prices in the upcoming 2016-17 crop year.

[Oliver88]

It wouldn't be surprising to see a larger decrease than 10% for CWRS.

14.6 down to 12.6 million acres seems very believable but wouldn't be surprised if there is a 15-20% drop.

Interesting he says the biggest threat is the rise of oil/CDN $ which will move together. Makes sense and a likely scenario.

[farming101]

The first concern with a rising CAD would be basis problems.
If the wheat futures prices don't improve of course that wouldn't be helpful.
However any improvement in futures would benefit farm prices
and may offset a degrading basis.
If wheat acres drop by those amounts I would think there would be good
chances of decent prices for 2016 wheat.

[furrowtickler]

Supplies of good hrsw, canola , lentils and green and yellow peas could all be very low come August if exports keep up. Yellow peas are already almost non existent I would think ?

[MBgrower]

Feed wheat bids in s. Mb close to 6 bucks. Why grow lower yielding hrs varities and all the degrading factors to deal with.

[furrowtickler]

Feed wheat closer to $5 here , your have to realize we are a lot farther from markets here. Like feed barley in southern Alberta - we can't get close to those bids here .