The peak price of wheat in Canada will be at the end of winter

The complex situation on the high-protein wheat market is a harbinger of a future increase in the price of the crop. The peak of prices is coming in the first quarter of 2022, said Brennan Turner, CEO of the Combyne Crop Marketing Center in Canada, quoted by producer.com. Scientists advise: Be careful with the sowing rate for wheat! Bilal Muftuougle of Argus Media, a British company that monitors spring wheat prices in Canada, agrees. The situation with the supply and demand of grain with a high protein content is tense all over the world. One of the factors that is little talked about is that China may have a serious problem with the amount, which can upset the fragile balance. The US Department of Agriculture (USDA) estimates that China has produced a record 136.9 million tons of wheat this year. However, in the last few months of the growing season, key production areas, such as Anhui, Hebei and the Yangtze River Basin, have received above-average rainfall. In China, the same ...