STAFF BLOG AG RIGHT A great run for spring wheat production
Driving through central North Dakota on the Fourth of July this year, I was impressed by field after field of terrific-looking spring wheat. (I'd seen great stands of spring wheat elsewhere in the are... Posted on 10/31/14 at 9:38 AM
Upper Midwest wheat farmers generally are enjoying good yields this fall. But the favorable yields often come at the expense of protein content, and that’s leading to substantial price discounts for low-protein wheat and sizeable premiums for high-protein wheat.
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.
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