STAFF BLOG AG RIGHT A conversation with a smart city person
A few years ago, a city person -- intelligent, but with little knowledge of agriculture -- asked me a question about U.S. farmers and South American crop production. I don't remember the conversation ... Posted on 11/13/12 at 6:22 PM
The wheat markets had losses of 15 to 20 cents last week, following along with the steep losses seen in the row crop markets. Noncommercial money was flowing out of the grain markets ahead of the holiday breaks and year-end.
Chad Groos, 41, farms two miles north of Coleman, S.D., with his father, Andy, and brothers Eric and Grant. Groos says his family is fortunate this year, compared with those farther south plagued by severe drought.
The national agriculture drought and the specter of hot, dry conditions during corn pollination are looming large for farmers Agweek visited on July 17 and 18, in a swing that went from Fargo, N.D., to Rugby, N.D.
With the exception of July Minneapolis, the wheat markets traded moderately lower for the week. For the week ending June 14, July Minneapolis gained 25 cents, September Minneapolis was down 5.75 cents, July Chicago was down 8.5 cents, September Chicago lost 7.5 cents, July Kansas City lost 10 cents and September Kansas City was down 10 cents.
On a normal mid-June day in the Upper Midwest, many farmers apply chemicals to their crops or take a first cutting of alfalfa.
But a recent Agweek trip through parts of Benson, Pierce and Bottineau counties in north-central North Dakota didn’t take place on a normal mid-June day. The day of the trip provided the worst possible weather to spray crops or cut alfalfa: rain clouds filled the sky, temperatures fell south of 50 degrees and a stiff, cold wind shook even the stoutest evergreens in shelterbelts.
The wheat markets traded moderately higher last week. For the week ending June 7, July Minneapolis gained 27.25 cents, September Minneapolis was up 20.75 cents, July Chicago was up 29.5 cents, September Chicago gained 27.25 cents, July Kansas City gained 31.5 cents, and September Kansas City was up 31.25 cents.
The wheat markets traded mostly lower. For the week ending May 31, July Minneapolis fell 33.5 cents, September Minneapolis was down 30 cents, July Chicago was down 36.25 cents, September Chicago lost 33.75 cents, July Kansas City fell 35 cents, and September Kansas City was down 34 cents.
PIERRE, S.D. — It is a long way from Parker, S.D., to China. I am fortunate to have had the opportunity to travel to China twice in the last eight months. Though the land area of the U.S. and China is fairly close, China has nearly four times the people: 1.4 billion. In recent years, the population in China has grown every month by the population of South Dakota. It’s mind boggling.
Wheat started last week off on a strong note, but faltered for the rest of the week. For the week ending May 24, July Minneapolis dropped 15.5 cents, September Minneapolis dropped 14 cents, July Chicago dropped 34 cents, and July Kansas City gave up 18.5 cents. Wheat was under pressure from spill-over selling from the other grains as well as from high crop ratings for spring wheat.
Soybean export sales were in the middle of the range of estimates. Palm oil prices firmed up in Malaysia after a recent string of lower prices. The trade is still dealing with rumors of cancellations, but no confirmations.
The Inspection and Quarantine Department in southern China at the port of Guangxi has said that it discovered a recent cargo of soybeans from Brazil contained live worms. The cargo was approved for offloading, and there is no word yet on how the government intends to deal with the trader or Brazil.
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