Wheat
Shipment shows competitiveness of U.S. wheat, analyst says.
First came a deluge of rain, then a string of winter blizzards. Now, April showers are threatening to heap further moisture on waterlogged fields just as Canada’s farmers prepare to plant their fields this spring.
Wheat imports estimated to be 4.1 million tons in 2016-17.
Wheat stockpiles seen plunging 37 percent this season.
Unharvested acres must come off field before spring planting.
Wheat growers have had a rough go the last couple of years with low prices and the least amount of acres planted in nearly a century.
Wheat exports seem to be robust despite record world wheat supplies and a relatively strong dollar, according to the USDA.
With farmer and regulator eyes turned toward the two companies, Bayer and Monsanto technology leads on Thursday repeated their confidence the merger will close by the end of 2017. The companies need approval from regulatory authorities in 30 countries.
Global wheat stocks have been dwindling due to a worse than expected Indian crop and an “off” Ukranian crop, according to Jim Bower of Bower Trading on Market Rally Radio.
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.
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.
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.
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.
Australia and Argentina seen producing biggest crop in five years.
Above-normal temps expected to return to Northern, Central Plains Friday.
Grain traders say new system will be easier and less costly.
As truckload after truckload of harvested wheat makes its way from smaller grain elevators in Hereford and Canyon, Texas to larger operations in Amarillo for loading onto trains and shipment by rail, area farmers are looking back on a crop that was above average in quality and quantity.
Pendleton Grain Growers has agreed to sell its assets to United Grain Corporation.
Maximize yield by mastering nitrogen timing, source, method and rate
Know what your wheat crop needs at every growth stage to stay on course for high yields
Extreme cold persists on the Corn Belt & Plains.
New insecticide available, breakthrough in scab resistance and a USDA wheat report.
Kansas, Texas and Oklahoma see crop conditions decline since dormancy.
Winter wheat’s protective snowcover has improved notably since January.