Durum prices couldn’t replicate the success of winter wheat across North America. Much like spring wheat prices, durum prices traded sideways to lower in most areas.
Most durum prices across Western Canada were sitting below $7.50 CAD / bushel in most places and $6 USD / bushel across the border. However, in the second half of the month, we did see more trades happening on the FarmLead Marketplace around $8 CAD / bushel and $6.50 USD / bushel for delivered deals.
But a number of different factors are having a significant impact on prices – specifically we’re watching six major influencers for our GrainCents durum readers.
This month we have focused on how the prices for durum are set to act in the months ahead in light of actions elsewhere in the globe.
In addition, we tackled the following stories:
- How Indian tariffs could increase the durum acreage in Canada;
- How labels in Italy could continue to push down Canadian durum values; and,
- How Italy’s new durum exports partnerships will affect demand for durum imports.
Be sure to sign up for for free 3-week trial at GrainCents as this month could be the most impactful for how and when you lock in durum prices for the rest of 2017/18 old crop supply, as well as a significant portion of your potential 2018/19 production.