May 2018 Durum Wheat Prices Recap

Durum prices in the month didn’t move much as the demand-supply structure remained relatively neutral.

Average durum prices in Saskatchewan drifted higher by about 10 cents since April to closer to $7 month CAD per bushel (or $5.35 US per bushel). In contrast, durum prices in Montana held steady, hovering around $ 5.50 USD per bushel (or $7.10 CAD per bushel).

On the Canadian crop movement front, marketing-year-to-date Canadian durum exports are technically behind last year’s pace.

The GrainCents Weekly Durum Digest reported that world durum supplies are expected to be heavy going forward.

Also discussed for our Durum GrainCents readers:

 

And of course, we reported on the dry weather conditions across Western Canada.

Be sure to sign up for your free 3-week trial at GrainCents as this month could be the most impactful for how and when you price your durum wheat for the rest of 2017/18 old crop, as well as a significant portion of your 2018/19 new crop production.

About the Author
Brennan Turner

Brennan Turner is the CEO of FarmLead.com, North America’s Grain Marketplace. He holds a degree in economics from Yale University and spent time on Wall Street in commodity trade and analysis before starting FarmLead. In 2017, Brennan was named to Fast Company’s List of Most Creative People in Business and, in 2018, a Henry Crown Fellow. He is originally from Foam Lake, Saskatchewan where his family started farming the land nearly 100 years ago (and still do to this day!). Brennan's unique grain markets analysis can be found in everything from small-town print newspapers to large media outlets such as Bloomberg and Reuters.

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