Durum Market Outlook

At the Durum Summit in Swift Current it was said that most events talk about durum as part of wheat, but here durum takes main stage! Marlene Boersch mercantileventure.com/about/ spoke on market trends in Durum
A summary:

• Turkey exports will be down and EU production is down.
• Global stocks to use ratio's are about 8% (anything under 10% is tight)
• Canada is about 50% of the globes traded Durum even though we are not the largest grower of Durum.
• USA is about 12% of our Durum exports.
• Globally Durum is about 4% of all wheat grown
• In Canada, Durum is about 17% of Canadian wheat production
• Canada is 12% of total wheat trade in the world, but in Durum, Canada is about 50% of total trade
•  Durum net returns should be better vs spring wheat
• ​Suggested setting a price of $10 per bu for spot and $9 for new crop. (as of this presentation Jan 30 2025)
  • ​Durum trades at $1.50 over spring wheat roughly