New crop wheat futures fell from recent highs on Wednesday after the USDA published some larger-than-expected wheat supply projections. The USDA’s June reports  were not friendly for prices across the board, says Neil Townsend of CWB Market Research in our conversation below. (Read the WASDE report here and the Crop Production estimates here.) Along with slightly larger domestic production, he… Read More

Prices for wheat, corn, soybeans and canola all declined on Tuesday following the release of the USDA’s February supply/demand report. “(The report) confirmed what the markets were thinking,” says Neil Townsend, director of market research with CWB in the interview posted below. “U.S. numbers were pretty firm — they’re not going to change the production… Read More

Quality problems with this year’s durum crop in Italy and France, combined with the worst quality crop on record and lower yields in Canada, have resulted in skyrocketing prices for durum. Buyers are scrambling to find higher quality supplies for pasta production, says Neil Townsend, director of market research with CWB, in the interview below…. Read More

 

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