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.
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.
Canadian farmers are on course to produce less wheat and canola than expected, according to Statistics Canada's first report on the 2014 harvest.
The importance of wheat seed treatments (08/13/14)
Kentucky Daily Grain Elevators, Open Bids (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)
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 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.