Matif wheat futures traded in Paris have widened their price premium over U.S. Hard Red Winter wheat futures to the highest level since April, raising expectations that U.S. exporters will be well positioned to see an increase in export business at Europe's expense.
The fungus that causes scab can also cause a seedling blight of wheat. If scab infected seed is used for planting, seedling blights and stand establishment problems may occur.
Europe is heading toward a large wheat harvest this year but concerns are mounting that much of it could only be fit to feed animals after heavy rain earlier this month.
Evogene amends Bayer wheat agreement (07/25/14)
Wheat blends: Advantages and disadvantages (07/21/14)
Interior Iowa Elevator Grain Prices (07/30/14)
Grain Prices Illinois River Barge Points (07/30/14)
Export Grain Bids (07/30/14)
Minneapolis Daily BASIS Report (07/30/14)
CO/NE/WY Elevator Grain Bids (07/30/14)
Montana Cash Grain Prices (07/30/14)
South Carolina Closing Grain Bids (07/30/14)
North Carolina Grain (07/30/14)
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 07/30
Export news boosted the wheat markets Wednesday. Although current weather forecasts and the rising dollar also seemed bearish for the wheat outlook, golden grain prices turned decidedly higher after the USDA announced a sizeable sale to Nigeria. Traders were probably bottom-picking and short-covering as well. September CBOT wheat advanced 5.25 cents to $5.2725/bushel as Wednesday’s trading ended, while September KC wheat lifted 5.5 cents to $6.17/bushel, and September MWE wheat edged up 2.25 cents to $6.1275.