Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
An early look at the report shows the House Ag Committee could push for improvements to the current safety net within Title I of the farm bill and move away from relying on Congress to approve ad hoc disaster aid.
Farm Bureau finds 2022 weather events added up to 18 weather and climate disasters, each with damages exceeding $1 billion.
BASF announced it’s halting the development of hybrid wheat in North America, a move NAWG fears could ultimately drive wheat acres out of the U.S., unless more public and private investments into R&D are made.
Russia is now saying it will only extend its Black Sea grain deal if sanctions are lifted on its own agricultural products. The deal, which was brokered last year, allowed for safe passage of Ukrainian ag products.
Traders said that the recent sell-off may have sparked some buying interest from importers that had viewed U.S. corn as too expensive when compared to supplies from other countries.
Scenes across Texas, Oklahoma and Kansas resemble the Dust Bowl after winds topping 100 mph ravaged the area. Growers are dealing with a dryland wheat crop that could already see abandonment as high as 80%.
When it comes to winning the furrow, it all starts with the planter. Missy Bauer, Farm Journal field agronomist, says some of the common planting mistakes can be fixed before the planter hits the field.
USDA’s Ag Outlook Forum pointed to a 3% increase in total planted acres of corn, soybean and wheat acres, a signal that stocks will grow in 2023. Market analysts say traders may be shifting their focus to new crop.
A year ago, Russia’s invasion of Ukraine injected uncertainty about global grain supplies into the market. Today, initial concerns have been squashed by the reality of record exports from the Black Sea Region.
Despite weather trends, planting projections for 2023 find corn, wheat and soybeans similar to 2022, for a combined 228 million acres—a 3% increase from 2022.