Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
Since 2005, Swedish-backed Black Earth Farming has emerged as a major landowner in southwest Russia, holding more than 600,000 acres (244,000 hectares) as of 2015. But yesterday, the company announced it has entered into an agreement to sell its Russian operations, distribute the proceeds to its shareholders, and initiate a voluntary liquidation of the company.
Inventories at post-Soviet high, but still only equal to half of U.S. output.
“If it gets too cold, too fast, especially if there’s not time for the crop to re-acclimate, it can cause some damage,” said Romulo Lollato, a wheat and forage specialist at Kansas State University in Manhattan, Kansas.
Glut has spurred longest slump in decade as growers lose money.
The planted acreage for winter wheat in the U.S. fell to the lowest level since 1909 as farmers from Kansas to Texas faced prospects for declining crop prices, a government report showed. Futures prices climbed in Chicago.
It’s going to be c-c-c-cold in the Plains and Midwest this weekend. Kait Parker, meteorologist with The Weather Channel, has already been tracking dangerous wind chills as of Thursday, with more expected on the way. Find out which areas are at risk for wheat winterkill if they don’t get adequate snow accumulations ahead of the tumbling temperatures.
In 2016, wheat farmers have seen ugly circumstances, now they’re trying to help the problem by reducing acreage.
Australia and Argentina seen producing biggest crop in five years.
The National Wheat Foundation recently announced the winners of its 2016 National Wheat Yield Contest – the first such challenge in twenty years. This year’s winners captured some truly bin-busting crops.