NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon Feb 10, 2014 04:52 PM CST

Despite the logistical challenges faced by the western Canadian industry and the resulting impacts seen in U.S. futures, the USDA increased their forecast for the spring wheat import volume in Monday's report for the fourth time this crop year.

The United States imported 35 million bushels (952,500 mt) of red spring wheat in 2011/12, while importing 43 mb or 1.17 mmt in the 2012/13 crop year. The August World Agricultural Supply and Demand Estimates (WASDE) report started with an estimate of 42 mbu of spring wheat imports, a volume consistent with the previous year. Monday's monthly WASDE report increased the ...

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