Wheat lost ground big last week on improving conditions. The Wheat Quality Tour is estimating a much better than expected winter wheat crop while crop conditions in the Northern Plains have been close to ideal.
Wheat struggled last week, even with a friendly U.S. Department of Agriculture report. For the week ending April 12, May Minneapolis dropped 8.5 cents, May Chicago was 75 cents higher, and May Kansas City was off 9.5 cents.
The corn market was up 30 cents last week in old crop, while new crop contracts gained about 10 cents. Talk of increased exports to China provided direction to the market early last week, while the possibility of an early planting season due to warm weather in the Corn Belt was talked about through the second half of last week.
Change is the only constant in Northern Plains agriculture. Every year, week and hour bring new challenges and new opportunities to area farmers and agribusinesses. Agweek asked a number of officials in North Dakota, South Dakota, Minnesota and Montana what they think area ag will be like in 2022.
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