Articles tagged under: wheat
Regional Basis Bids Steady Going Into Thanksgiving
Published November 25, 2020
Soybean basis bids at the six regional grain elevators followed by the Red River Farm Network were steady to 15 cents wider compared to one week ago, resulting in nearly unchanged cash prices as futures moved higher. Cash soybean prices…Northern Plains Basis Unchanged from Previous Week
Published November 20, 2020
Basis bids at the six regional grain elevators followed by the Red River Farm Network remain nearly unchanged from last week. Spring wheat basis bids range from 15 to 60 cents under the December futures contract. Corn basis ranges from…ND Farmers Recognized in National Wheat Yield Contest
Published November 16, 2020
North Dakota farmers fared well in the National Wheat Foundation’s National Wheat Yield Contest. This contest has winners in two primary competitions: winter wheat and spring wheat with subcategories of dryland and irrigated. This year's dryland spring wheat yield winners…USDA Report Highlights Strong U.S. Crop Demand
Published November 10, 2020
In the November Supply and Demand report, USDA lowered U.S. production and raised demand more than expected. U.S. corn production was lowered to 14.5 billion bushels on a yield of 175 bushels per acre. Soybean production was lowered to 4.1…Basis Bids Remain Unchanged at Local Grain Elevators
Published November 4, 2020
Basis levels at the six regional grain elevators followed by the Red River Farm Network remained nearly unchanged from one week ago, while futures prices moved higher resulting in cash prices increasing 10 to 15 cents for corn and spring…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…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…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…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…