Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri Jan 24, 2014 04:08 PM CST

The available supply of high quality hard red winter wheat continues to pressure hard red spring wheat prices, more commonly known for its superior protein used to meet high quality baking needs.

USDA data pegs the HRW wheat production for 2013 at 744 million bushels (20.25 million metric tonnes), which represents 35% of the U.S. crop. The average protein level for the 2013 crop is 13.4%, which compares to 12.6% in 2012 and the five-year average of 12.2%.

The U.S. spring wheat crop is reported at 490 mb (13.3 mmt), which represents 23% of the total crop size. Protein for ...

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