Wheat Harvest Concerns Prairie Farmers


TORONTO — Western Canada Wheat farmers are concerned about this year’s harvest due to rain and flooding combined with competition from international markets, according to a Globe and Mail report.

“There are a lot of things that are worrying if you isolate your thoughts on wheat,” Neil Townsend, a grain market analyst at the Canadian Wheat Board, was quoted as saying in The Globe.

The price of wheat on the Chicago Board of Trade rose by seven per cent in July due to dry weather but then fell to $6.94 with news of Russian exports. In June, wheat prices fell to an 11-month low of $6.17 a bushel.

For details, check out the complete Globe and Mail report.

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