Articles tagged under: wheat
USDA Report Neutral for Corn, Bearish for the Soybeans
Published August 12, 2022
USDA lowered the corn yield forecast from 177 bushels per acre to 175 bushels per acre the latest USDA report. That lowers new crop corn production to 14.3 billion bushels. The soybean yield was the big surprise. USDA raised the…Waiting for Wheat Harvest
Published August 12, 2022
Wahpeton, North Dakota-based custom combiner Mike Matejcek is waiting for the wheat crop to dry down to start the North Dakota harvest. "There are plenty of green heads out there; we sprayed Roundup on some acres." The crop on this…Basis Doesn’t Lie
Published July 28, 2022
Progressive Ag Marketing market analyst Tom Lilja is taking in the results from the Wheat Quality Council Spring Wheat Tour. "There are a lot of spring wheat acres in North Dakota and the crop looks pretty good." Lilja says the…Regional Basis Bids Mostly Unchanged
Published July 28, 2022
Basis bids at the six regional grain elevators followed by the Red River Farm Network for spring wheat, corn and soybeans are mostly unchanged from two weeks ago. Spring wheat basis bids range from 30 to 80 cents under the…Scab Risk Expands to Northeastern ND
Published July 24, 2022
In the last week, the risk of Fusarium Head Blight expanded into the Red River Valley. NDSU Extension Cereal Crop Plant Pathologist Andrew Friskop says that’s problematic because the wheat and barley are in different growth stages. A fungicide application…Egypt Cancels Wheat Tender
Published July 19, 2022
Egypt's state grain buyer, the General Authority for Supply Commodities, cancelled its international tender for wheat, stating the offer prices were more expensive than expected. Egypt lowered protein levels for the tender and the United States was hoping to make…USDA Forecasts Better-Than-Expected Wheat Crop
Published July 18, 2022
The USDA raised its wheat production estimate 44 million bushels to 1.78 billion bushels on an increase in harvested area and higher yields. The production forecast for the 2022 spring wheat crop indicated a 500 million bushel increase from last…Regional Basis Levels Mostly Unchanged
Published July 6, 2022
Cash grain bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged for spring wheat. New crop basis ranges from 50 to 80 cents under the September Minneapolis futures. Corn basis ranges from…Quarterly Stocks Report Released
Published July 3, 2022
USDA's Quarterly Stocks report estimated corn supplies on June 1 at 4.3 billion bushels, six percent more than one year ago. Of the total, more than two billion bushels are stored on farm. Soybean stocks totaled 971 million bushels. That's…