Articles tagged under: wheat

2019 Farm Program Payment Rates Finalized

Published October 5, 2020

MinnStar Bank Senior Vice-President and farm management analyst Kent Thiesse says the farmers who enrolled corn or wheat in the 2019 Price Loss Coverage Program will be getting a payment. "The final price came in at $3.56 and the reference…

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USDA Quarterly Grain Stocks Well Below Trade Expectations

Published September 30, 2020

Old crop corn carryout was at two billion bushels in Wednesday’s Quarterly Stocks Report. This is a 10 percent decline from one year ago. USDA raised demand by 2.67 million bushels and lowered harvested acres to 81.3 million. Old crop…

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USDA Small Grains Summary Lower than Trade Expectations

Published September 30, 2020

In its small grain summary, the USDA said all wheat production is at 1.83 billion bushels in 2020, a five percent decline from 2019’s revised total of 1.93 billion bushels and well below the average trade estimate of 2.2 billion…

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Regional Basis Bids Remain Mostly Unchanged

Published September 29, 2020

Basis bids at the six Northern Plains grain elevators followed by the Red River Farm Network remain unchanged for spring wheat for nearby delivery. Corn and soybean basis levels are also mostly unchanged from last week. Spring wheat basis for…

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USDA Lowers World Corn and Bean Stocks, Boosts Wheat Supplies

Published September 14, 2020

USDA lowered world corn stocks by 10.7 million tonnes from August to 306.8 million metric tons. The agency lowered world soybean supplies 1.8 million tonnes to 93.6 million tonnes and world wheat supplies are 2.6 million tonnes higher 319.4 million…

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USDA Lowers U.S. Corn Supplies in Latest Report

Published September 14, 2020

U.S. corn supplies are reduced from last month as a smaller crop more than offset larger beginning stocks. In Friday's USDA report, the agency lowered corn ending stocks 253 million bushels on increased exports of 100 million bushels. USDA also…

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Wheat Harvest Wrapping Up Near Finley, ND

Published September 13, 2020

Finley Farmers Co-op Elevator Manager Todd Erickson says farmers are trying to finish up spring wheat harvest. "Wheat harvest is a little more than 80 percent complete and the wheat crop looks good, about 60 to 65 bushels per acre.…

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Sept. WASDE Report Released Later This Week

Published September 7, 2020

StoneX Group Chief Commodities Economist Arlan Suderman says the bottom line for the markets this week is what happens with the balance sheet from USDA. The results of the USDA's Crop Production and the World Agriculture Supply and Demand Estimate…

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ND Mill Reports Good Quality Wheat Coming In

Published September 3, 2020

North Dakota Mill President Vance Taylor says the quality of the spring wheat coming into the mill is excellent so far. "I think we have 20 percent of the new crop wheat on the belt and it's performing well. The…

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Basis Widens Across Northern Plains

Published September 3, 2020

Cash grain bids at the six regional grain elevators followed by the Red River Farm Network widened as futures prices increased over the past week. This resulted in slightly higher spring wheat prices, lower corn prices and higher soybean prices.…

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