Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri Jul 11, 2014 03:43 PM CDT

The bi-weekly Wheat Letter from the U.S. Wheat Associates released on July 10 presents both positive and negative factors for the wheat and durum market from the stand-point of the Canadian industry.

First the positives. The month of June was the first month of the U.S. crop year, with hard red spring sales in the U.S. reaching a volume which was reported to be 62% above the pace of last year's volume as well as 62% higher than the five-year average pace. The 2.78 million metric tonnes sold as of June 29 was reported to be the highest volume sold ...

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