STAFF BLOG AG RIGHT A sure sign it's dry
Wheat harvest is under way in much of the region, and normally farmers would want dry weather so they can get off their wheat in good shape.
This year, however, many wheat farmers want rain, even tho... Posted on 8/20/13 at 8:49 AM
Excessive cold and the prospects of freeze-thaw issues in the southern Plains are adding to wheat market uncertainty heading into the spring.
Jim Peterson, marketing director of the North Dakota Wheat Commission in Bismarck, says the market has been fickle on whether the possible freeze damage is a concern.
Brisk world demand and shrinking supplies, notably in competing Black Sea countries, are likely to drive soft wheat exports from the European Union to record highs this season, beating earlier expectations.
WASHINGTON - Lower prices created resurgent demand for U.S. corn at home and abroad, including in the ethanol market, the U.S. government forecast on Tuesday, resulting in smaller, but still ample, stocks at the end of this marketing year.
2014 marks the first year that Elgin-ND, a hard red spring wheat variety from North Dakota State University, will be available for general distribution to commodity growers. Elgin-ND’s attributes are yield, quality and disease protection.
Wheat on the Northern Plains has been on the defensive in recent years. Pressure from competing crops, particularly corn and soybeans, has led many farmers to quit growing wheat, or at least reduce how much they raise. Interest in corn and soybeans is strong again this spring, and wheat acreage could continue to decline.
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.
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