Chances of a breakthrough in global trade negotiations dimmed Dec. 4 as India refused to budge on food subsidies that are an obstacle to an eleventh-hour agreement at a World Trade Organization summit.
CROOKSTON, Minn. — Like other college seniors across the country, Matthew Krueger, Theresa Hamel, Luke Langerud and Alysia Osowski are counting down the days until graduation. Unlike many of their peers, the four University of Minnesota-Crookston students aren’t concerned about landing work after graduation: they’ve had jobs lined up for months.
Vigilance more important with return of higher temperatures With spring planting creeping closer, area farmers are concentrating on the 2012 crop. But they should give a little attention to stored grain from last year’s crop, a North Dakota State University Extension Service official says.
The corn market gained 25 cents last week with the strength in the wheat market. Rumors that Russia may put a tax on wheat exports and may even ban exports supported the wheat market which spilled over to corn. The strengthening export demand and a firming cash basis also offered support last week.
Corn started last week trading with strength due to continued weather concerns in South America, primarily Argentina. But the gains were short-lived once USDA’s reports were released. USDA’s Final Crop Production report was not friendly for corn, as USDA raised 2011 U.S. corn yields and harvested acreage.
North Dakota farmers planted 700,000 acres of winter wheat in September, a 75 percent increase from a year earlier and the most ever, except for a brief spike in 1984 and 1985 when acres ballooned to 750,000.
Still, the acres reported Thursday were a little less than crop watchers expected because of the late spring last year.
Wheat prices tumbled Thursday as a government report showed the nation's farmers had planted winter wheat on much more of their land this season amid last year's higher prices and easing drought conditions in Kansas, Oklahoma and Texas.
The late-September USDA small grains summary report typically is the final word on production for the year, but sometimes the agency will resurvey farmers if a significant number still have crop in the field when the initial survey is done.
BISMARCK, N.D. — The U.S. Department of Agriculture says it plans to review its estimates of this year’s spring wheat, durum wheat, barley and oats crops this month, though any adjustments are not likely to influence prices for farmers or consumers.
, October 12, 2010
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