There is evidence of significant winter-kill within some Michigan wheat fields. The loss is primarily due to layers of ice and water that suffocated the wheat between January and March.
The growth stage of wheat in Kansas ranges from tillering in the northwest to jointing in the southeast and south central regions of the state. The development of the crop is 2-3 weeks behind schedule for this time of year.
Although global and U.S. wheat exports are projected to rise over the next decade, the U.S. share of the world market is projected to continue to decline because of competition from other exporters.
Hard freeze could damage Kansas wheat (04/17/14)
Weekly National Grain Market Review (04/18/14)
South Carolina Grain Weekly Review (04/18/14)
Mississippi Daily Grain Report (04/18/14)
Interior Iowa Elevator Grain Prices (04/17/14)
Kentucky Daily Grain Elevators, Open Bids (04/17/14)
Montana Cash Grain Prices (04/17/14)
Grain Prices Illinois River Barge Points (04/17/14)
Kentucky Daily Barge Report (04/17/14)
World wheat trade up slightly (09/16/13)
Foreign wheat use to reach a record (08/15/13)
Record-high world wheat production projected (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)
Afternoon Comments 04/24
Several factors seem to be power the wheat markets higher. The simmering Black Sea situation has seemingly moved closer to a boil, which probably boosted wheat prices. Bulls could also point to persistent dryness in the southern Plains and likely excessive rain and cold in the northern Plains next week. Canadian planting intentions seemed somewhat supportive as well. May CBOT wheat futures surged 12.5 cents to $6.89/bushel Thursday afternoon, while May KCBT wheat futures jumped 13.75 cents to $7.595, and May MWE futures leapt 12.0 to $7.3625.