Wheat closed last week ending April 19 mixed, with the winter wheat contracts ending with small losses to small gains while Minneapolis lost ground. For the week ending April 19, May Minneapolis was off 15 cents, May Kansas City was 5.5 cents lower and May Chicago was 1 cent higher.
Keith Deutsch knows that part of his job is promoting his crop. He knows he needs to be realistic, too. “It just doesn’t look too good for this spring,” says Deutsch. a Plaza, N.D., farmer and president of the U.S. Durum Growers Association. “It may sound strange for someone from the association to be saying that.” But Deutsch and other area durum boosters say they have to acknowledge the obvious.
A Northwood, N.D., farm couple are among the National Outstanding Young Farmers for 2012. Troy and Bobbi Jo Uglem received the award at the recent National Outstanding Young Farmers Awards Congress in Springdale, Ark.
The corn market lost 10 cents last week as there were no big surprises in the U.S. Department of Agriculture supply and demand report. Traders were expecting tighter stocks and an increase in exports, which did materialize and was built into the market.
The corn market remained unchanged last week and traded near $6.40 in the March contract. The futures traded in a sideways pattern last week as it lacked any fresh news. Decent export sales last week, a firm cash market and lack of farmer selling offered support.
BISMARCK, N.D. — North Dakota’s state-owned flour mill will likely lose at least $60,000 because of the collapse of a commodities broker the mill has used to guarantee prices for the wheat it buys, according to a state audit.
WINNIPEG, Manitoba — Peas still are being exported, but the pace has slowed. Blame credit problems for European traders, but also blame the general slowing of global economies. Trade of commodities is being hampered by tight banking capital.
Mark Jaskowiak received a phone call Friday morning he wasn’t expecting.
When Jaskowiak, the general manager of Pro Ag Farmers Co-op, answered his phone around 11 a.m. August 6, he found out that one of the grain bins at the Pro-Ag elevator in Garfield had a kink in it and was starting to tip over.
The Agriculture Department says in its annual small grains report that production of spring wheat in North Dakota in 2009 stood at 291 million bushels, up 18 percent from last year and the highest since the 1996 crop of 314 million bushels.
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