STAFF BLOG AG RIGHT A successful hunt?
When I first heard about the Wheat Foods Council's Wheat Safari, I thought, "Seems like a smart idea. It'll be interesting to see how things work out."
The results, so far at least, appear pretty goo... Posted on 8/13/14 at 9:44 AM
Australia lowered its forecast for 2014-15 wheat production by nearly 1 percent as dry weather curbs yields, and the world’s third-largest wheat exporter warned output could fall further if an El Nino weather pattern forms.
At least one factor can be considered an early indication that North Dakota’s winter wheat crop might be surviving better than some people expected, considering the harsh winter, according to Blake Vander Vorst, senior agronomist with Ducks Unlimited.
Excessive cold and the prospects of freeze-thaw issues in the southern Plains are adding to wheat market uncertainty heading into the spring.
Jim Peterson, marketing director of the North Dakota Wheat Commission in Bismarck, says the market has been fickle on whether the possible freeze damage is a concern.
Brisk world demand and shrinking supplies, notably in competing Black Sea countries, are likely to drive soft wheat exports from the European Union to record highs this season, beating earlier expectations.
WASHINGTON - Lower prices created resurgent demand for U.S. corn at home and abroad, including in the ethanol market, the U.S. government forecast on Tuesday, resulting in smaller, but still ample, stocks at the end of this marketing year.
2014 marks the first year that Elgin-ND, a hard red spring wheat variety from North Dakota State University, will be available for general distribution to commodity growers. Elgin-ND’s attributes are yield, quality and disease protection.
Wheat on the Northern Plains has been on the defensive in recent years. Pressure from competing crops, particularly corn and soybeans, has led many farmers to quit growing wheat, or at least reduce how much they raise. Interest in corn and soybeans is strong again this spring, and wheat acreage could continue to decline.
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