Articles tagged under: wheat
Regional Basis Bids Unchanged
Published April 10, 2019
Cash grain basis bids at the six grain elevators followed by the Red River Farm Network remained mostly unchanged from last week. Corn basis at Ulen, Minnesota did improve by 10 cents to 35 cents under the May futures contract.…No Surprises in April Supply/Demand Report
Published April 9, 2019
In the April supply/demand report, USDA reduced U.S. wheat feed and residual use by 10 million bushels and lowered exports by 20 million bushels. That resulted a 31.5 million bushel increase in wheat ending stocks, and carryout is estimated at…Regional Basis Bids Flat
Published April 3, 2019
Basis bids at most of the six grain elevators followed by the Red River Farm Network remained flat for all commodities in the past week. Spring wheat basis bids range from 35 to 70 cents under the May futures contract.…Record Corn Plantings Forecast in ND
Published April 1, 2019
North Dakota farmers are expected to plant a record high 4.05 million acre corn crop this year. That’s up nearly 30 percent from last year. South Dakota’s corn acreage is forecast to increase 13 percent. The change is smaller in…Wheat Acres Forecast at Record Low
Published March 29, 2019
According to USDA’s Planting Intentions report all wheat acres are expected to decrease three percent from last year, but rise one percent from the previous report. Spring wheat acres are projected at 12.8 million acres, down three percent from last…More Soybeans and Wheat in Quarterly Stocks Report
Published March 29, 2019
As of March 1 USDA reports 2.7 billion bushels of soybeans in stock, slightly higher than the trade expectations. On-farm soybean storage is estimated at 1.2 billion bushels. There are 1.6 billion bushels of wheat in storage, a six percent…More Corn, Less Soybeans
Published March 29, 2019
Mother Nature will make the ultimate decision, but USDA is forecasting an increase in corn acres. According to the Prospective Plantings Report, corn acreage will total 92.8 million acres. That compares to an average pre-report trade guess of 91.3 million.…Global Economic Slowdown Influences Agriculture
Published March 29, 2019
The quarterly rural economic review from CoBank describes 2019 as “a challenging year with economic uncertainty.” The overall economic growth is slowing in the U.S. and worldwide. The CoBank report says the ongoing trade disruptions have hurt short-and-long term markets.…Survey Projects a Drop in Corn Acres
Published March 25, 2019
According the Farm Futures planting survey, U.S. farmers may plant less corn than previously projected by USDA. The survey reported corn acreage at 90.9 million, up 1.7 million from last year. The increase was less than the 92 million in…