Articles tagged under: wheat
Smaller Supplies, Strong Demand Influence Wheat Market
Published July 18, 2021
Drought conditions had the wheat markets on edge last week. Roy E. Abbott Futures market analyst Ron McDaniel says spring wheat production estimates continue to fall while demand increases. "We're talking about taking the USDA's Canadian crop estimate lower with…Grain Stocks Surprise Traders in the July WASDE Report
Published July 12, 2021
Most of the July WASDE report was as grain traders expected. Allendale Chief Market Strategist Rich Nelson says the grain stocks were the big story and offered a surprise. "We were watching the new crop corn exports, which the USDA…USDA Makes Minimal Changes to Yield Forecast
Published July 12, 2021
In the July WASDE report, the USDA kept the U.S. corn and soybean yields in-line with the June report. The U.S. corn yield is forecast at 179.5 bushels per acre and the soybean yield remains at 50.8 bushels per acre.…90% of Wheat in Pierce County Tests Positive for Nitrates
Published July 8, 2021
The Rugby area is squarely in an area with D4 or exceptional drought. Pierce County Extension Agent Brenden Krebe says the spring wheat crop is very uneven. Much of the wheat is the size of a pop can and are…Stocks Situation Gets Tighter
Published June 30, 2021
USDA’s Quarterly Stocks report shows U.S. corn supplies as of June 1 at 4.1 billion bushels, down 18 percent from last year. Quarterly usage is reported at 3.8 billion bushels, up 630 million from a year ago. Soybean stocks in…Small Grains Continue to Struggle in North Dakota
Published June 29, 2021
It’s hard to make up for a poor start to the growing season. That’s what Berthold, North Dakota farmer Blake Inman is thinking following the last few rain events. "Crop stands are variable and many crops were seeded into dry…Winter Wheat Harvest Moves North
Published June 21, 2021
U.S. Custom Harvesters Vice President J.C. Schemper moved his harvest crew from Frederick to the Enid, Oklahoma area last week. "Farmers were surprised with the wheat yield near Frederick. The crop had up to 78 bushels, excellent yield and then…June WASDE Report Had Little Market Impact
Published June 14, 2021
In the June World Agriculture Supply and Demand Estimates report, the USDA lowered the old crop U.S. corn carryout by 150 million bushels on increased ethanol and export demand in the June supply and demand report. USDA made no change…USDA Lowers Global Wheat and Corn Ending Stocks
Published June 13, 2021
The USDA lowered world old crop corn ending stocks three million metric tons from the May report to 280.6 million tonnes, raised soybean ending stocks to 88 million tonnes and lowered wheat ending stocks about one million tonnes to 293.5…