Latest News

U.S. soft red winter wheat hit hard by head scab

08/21/14

This year, soft red winter wheat has been hit badly by the head scab fungus, which develops when it rains during the crop's key growing period.

Verdesian Life Sciences, Mitsui and Hokusan sign agreement

08/21/14

Mitsui Chemicals Agro, Inc. (MCAG), and Hokusan Co., Ltd. (HOK), announced the signing of an exclusive licensing agreement allowing Verdesian Life Sciences global access to its patented technology for suppressing mycotoxin contamination in wheat and barley, a significant problem for growers.

Canada producing less wheat, canola than expected

08/21/14

Canadian farmers are on course to produce less wheat and canola than expected, according to Statistics Canada's first report on the 2014 harvest.

Test wheat seed germination if harvest aid herbicides were used (08/20/14)

U.S. farmers fight poisonous wheat fungus with cleaning, waiting (08/19/14)

LSU looks to molecular markers to speed wheat breeding (08/18/14)

USDA forecasts 3M bushel increase in ending stocks (08/18/14)

Southern Midwest farmland prices steady to soft in Q2 (08/15/14)

Farm Bureau issues comment on USDA’s crop estimates (08/14/14)

The importance of wheat seed treatments (08/13/14)


Commodity Info

Charts

Markets

East River South Dakota Grain Markets - Closing Elevator Bids (08/22/14)

Kentucky Daily Grain Elevators, Open Bids (08/22/14)

Grain Prices @ Illinois Interior Country Elevators (08/22/14)

Interior Iowa Elevator Grain Prices (08/22/14)

Grain Prices Illinois River Barge Points (08/22/14)

Kentucky Daily Barge Report (08/22/14)

Export Grain Bids (08/22/14)

Minneapolis Daily BASIS Report (08/22/14)

CO/NE/WY Elevator Grain Bids (08/22/14)

Montana Cash Grain Prices (08/22/14)


Key Reports/Outlook

U.S. spring wheat areas, production unchanged (09/16/13)

World wheat trade up slightly (09/16/13)

Higher projected wheat imports raise 2013-2014 ending stocks (09/16/13)

World wheat production prospects boosted further (09/16/13)

Foreign wheat use to reach a record (08/15/13)

Record-high world wheat production projected (08/14/13)

U.S. wheat price prospects lower despite increased exports (08/14/13)

Exports: Corn sales bounce (08/01/13)

U.S. corn planted acreage highest since 1936 (06/28/13)

Corn stocks down 12 percent from June 2012 (06/28/13)



Market Commentary

Afternoon Comments 08/22


Reduced Canadian production and Black Sea worries supporting wheat prices. The global wheat situation still looks well supplied, but Thursday’s modest reduction in Canadian production forecasts alleviated the pressure and boosted MWE prices. Futures traded firmly through much of Friday, but the Chicago suffered a surprising drop at the close. Traders remain concerned about a potential conflict between Russia and Ukraine. September CBOT wheat settled 5.75 cents higher at $5.52/bushel Friday afternoon, while September KC wheat advanced 11.5 cents to $6.335/bushel, and September MWE wheat surged 11.00 to $6.2675.
Market Info
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