Wheat traded with gains every session last week.RELATED CONTENT
The U.S. Department of Agriculture’s October supply and demand report cut the American corn crop by 70 million bushels on slightly lower yields.
American Crystal Sugar Co. has come out with an initial payment projection of $37 per ton for 2014 crop beets — a dollar lower than last year’s projection at this date and likely a money-loser for farmers and shareholders, if realized.
U.S. wheat supplies for 2014 to ’15 are down 10 million bushels, based on updated production estimates for the states resurveyed following the Sept. 30 small grains report.
New numbers from the U.S. Department of Agriculture confirm what Upper Midwest farmers already thought: South Dakota and North Dakota enjoyed record spring wheat yields this year.
Upper Midwest farmers are wrapping up harvest. Now, with help from government employees, agricultural economists and others, they’re beginning their next big task.RELATED CONTENT
WINNIPEG, Manitoba — Canadian pea production this year was down 13 percent from a year ago. The carry-in was not burdensome. Exports are moving well, ahead of last year’s pace.
Wheat started last week with gains, but slipped lower for the rest of the week. For the week ending Nov. 6, December Minneapolis dropped 20.25 cents, December Chicago slipped 12.25 cents and December Kansas City gave back 14.75 cents.RELATED CONTENT
World food prices edged lower in October, after a series of sharp declines, as prices of oils and sugar rose while dairy and meat prices fell, the UN’s food agency says. The Food and Agriculture Organization’s price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 192.3 points in October, down 0.2 percent from September.
The October Agricultural Production Index is 98 percent of its 2011 base, down 8.4 percent from the September index and 2 percent below the October 2013 index.
WINNIPEG, Manitoba — Yellows and browns are a bit weaker than a year ago, while Oriental is firmer. All mustard prices remain well above the lows of 2010 and 2011 when big carryover stocks weighed on markets.
Wheat traded with strong gains for the first three sessions of last week, but lost some ground on Oct. 30. Support spilled over from a stronger U.S. soybean meal market, which continues to see support from tight supplies.RELATED CONTENT
The “Financial Characteristics of North Dakota Farms, 2004-2013” publication summarizes the performance of more than 500 farms enrolled in the North Dakota Farm Business Management Education program.
WINNIPEG, Manitoba — Another good harvest weather week advanced the prairie harvest to 95 percent, up from 85 percent Oct. 13. Except for the wettest areas in eastern Saskatchewan and western Manitoba, cereals and canola are close to finished. Grain corn and soybeans are most of what is left.
Wheat traded slightly higher last week. For the week ending Oct. 23, December Minneapolis gained 0.5 cents, December Chicago gained 10.75 cents and December Kansas City gained 3.5 cents.RELATED CONTENT