Articles tagged under: wheat
U.S. Acreage and China Demand Highlighted in Ag Outlook Forum
Published February 19, 2021
Exports, acreage and the farm income forecast dominated the opening session of USDA’s Ag Outlook Forum. USDA Chief Economist Seth Meyer anticipates China demand to remain strong in the next year. "Outstanding sales, what we have on the books for…Winter Wheat Concerns Capture Grain Market Attention
Published February 17, 2021
Grain traders are concerned about the condition of winter wheat. "I drove back from Houston, Texas last week and the winter wheat was green. This cold will hurt the wheat in Oklahoma and Texas," said Randy Martinson, market analyst, Martinson…Wheat and Corn Basis Widens in Northern Plains
Published February 11, 2021
Basis bids at the six regional grain elevators followed by the Red River Farm Network had few minor changes compared to the previous week. Wheat basis firmed by five cents at Minot, North Dakota and widened by seven cents at…A Boost in Global Corn Ending Stocks, Soy Ending Stocks Lower
Published February 10, 2021
The February USDA World Agricultural Supply and Demand Estimate report had USDA raising world corn ending stocks 2.7 million tonnes from January to 286.5 million tonnes, reflecting increasing stocks in China, South Africa and Mexico partially offsetting decreases in Argentina…USDA Lowers Corn Ending Stocks in February Report
Published February 10, 2021
USDA lowered U.S. corn ending stocks by 50 million bushels from the January report to 1.502 billion bushels, mainly on a matching increase in exports to China. U.S. soybean ending stocks are lowered 20 million bushels from January to 120…Record U.S. Agricultural Export Sales in 2020
Published February 8, 2021
In 2020, the U.S. had record agricultural export sales totaling more than $161 billion. That’s according to the U.S. Census Bureau. This tops a record set in 2018 of more than $159 billion. Globally, soybeans accounted for $25.7 billion in…Regional Basis Bids Mostly Unchanged from Previous Week
Published January 28, 2021
Basis bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged from last week. Spring wheat basis ranges from 25 to 70 cents under the March futures contract. Corn basis ranges from 25…Continued Demand Keeps Boosting Grain Markets
Published January 27, 2021
Diversified Services market analyst Sterling Smith was a presenter during the Ihry Insurance spring virtual farm meeting and current market conditions were part of the conversation. Continued demand boosted the grain markets and featured massive corn sales to China. There…Farmers Need to Be Part of the Bullish Market
Published January 13, 2021
Bull markets don’t happen often and Advanced Trading Risk Management Advisor Tommy Grisafi thinks farmers need to be part of this one. "One of the greatest benefactors of this soybean rally could be spring wheat," says Grisafi. "Keep an eye…