Articles tagged under: wheat
Local Corn and Soybean Basis Widens, Wheat Basis Improves
Published November 2, 2018
The national average basis for soybeans is slightly improved at $1.10 under the January futures contract. However, soybean basis levels aren’t much improved at the local level, still $1.45 to $1.60 under. Compared to soybeans, there is more incentive to move…USDA Projects Flat Corn and Soybean Acres
Published November 2, 2018
USDA released baseline projections for the next 10 years. USDA projects corn and soybean acres to remain relatively flat with corn acreage bouncing between this year’s 89.1 million acres to as high as 93 million acres. For the next 10…Regional Basis Levels Improve for Corn
Published October 23, 2018
The national basis levels for corn is steady at 42 cents under the December futures contract. Regional basis is improving for corn, compared to two weeks ago. Corn basis at the six local elevators the RRFN follows range from 60…Consider Grain Storage Options and Conditions
Published October 12, 2018
When considering temporary grain storage, NDSU Extension Crops Marketing Economist Frayne Olson cautions farmers to watch for changing conditions. "Make sure that's the first crop you try to physically market and move out. Right now, we have a built-in deep…U.S. Wheat Production, Stocks Rise in USDA Report
Published October 11, 2018
In the October World Supply and Demand Estimates report, USDA raised U.S. wheat production by 7 million bushels to 1.88 million. Wheat imports were estimated at 140 million, which is an increase of 5 million bushels, while exports remain unchanged…North Dakota Mill Expansion “On Schedule”
Published October 11, 2018
North Dakota Mill President and CEO Vance Taylor tells the Red River Farm Network the latest rail and grain storage project is making progress. By the end of construction in the spring, there will be four new storage bins, expected…National Basis Levels Unchanged, Local Basis Widens
Published October 9, 2018
The national basis levels for corn remain unchanged again this week at 43 cents under the December futures contract. Regional basis continues to widen for corn, compared to one week ago. Corn basis at the six local elevators the Red…MFP Payment Distribution Begins
Published October 8, 2018
As of Thursday, South Dakota’s Farm Service Agency says there are 1,230 Market Facilitation Program applications on file. Total payments given to South Dakota farmers are more than $3.16 million. State FSA Executive Director Paul Shubeck explains the corn and…Another Tough Year Expected for Farmers
Published October 3, 2018
Due to tight margins, NDSU Extension Agriculture Finance Specialist Bryon Parman expects 2019 to be a tough year for farmers. "There were periods to make a little bit of money with wheat. Hopefully, farmers took advantage of that. With corn…