Market Commentary

Closing Comment 05/18

Wheat futures closed higher on Friday. Currently weather is the most important factor moving the wheat market. Wheat futures soared as warm, dry weather concerns in the U.S., Russia, and Australia continued to fuel fears of damage to wheat crops. Speculators covered their short positions in the market over weather uncertainty boosting wheat prices higher on the close. CBOT July was 37 1/2 cents higher at $6.95 1/4; KCBT July was 33 cents higher at $7.05; and MGE July was 24 3/4 cents higher at $7.92.

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News

Causes of wheat stress in western and central Kansas

05/16/2012 7:15:00 AM

Wheat in parts of Kansas is showing symptoms of stress, which came on quickly this year. ... Full story.

New wheat R&D collaboration agreement in Argentina

05/15/2012 4:00:00 PM

Syngenta and Buck Semillas have entered into a collaboration agreement under which both parties will exchange genetics, utilizing technology platforms and know-how to develop new wheat varieties. ... Full story.

Consumers not avoiding biotech foods, don’t want labels

05/11/2012 3:00:00 PM

A new survey of U.S. consumer perceptions of agricultural technology shows a strong majority would be willing to purchase foods made with wheat produced using biotechnology if the innovations delivered nutritional or environmental benefits. ... Full story.

Arkansas wheat harvest begins – in May

05/11/2012 4:00:00 PM

Arkansas wheat growers are embarking on a historically early harvest. ... Full story.

WSU to field test two-gene Clearfield wheat variety

05/10/2012 7:25:00 AM

Washington State University has been developing the university’s first two-gene Clearfield wheat variety since 2006 and plans to field test the variety this year. If all goes well, the new variety, winter wheat WA-8143, will be released commercially. ... Full story.

Northern Plains wheat growers urged to monitor for rust

05/09/2012 12:45:00 PM

Syngenta agronomists are concerned that this year’s earlier planting could lead to a greater chance for wheat disease development in the Northern Plains states and recommend early scouting. ... Full story.

Causes of brown, scorched leaves in wheat

05/09/2012 9:50:44 AM

There have been a number of reports of wheat fields in which flag leaves are becoming brown and developing symptoms of tip dieback. ... Full story.

New tool for tracking a voracious pest

05/09/2012 7:15:00 AM

U.S. Department of Agriculture (USDA) scientists have developed a new tool to keep track of the Russian wheat aphid, which threatens wheat and barley, and to provide guidance to researchers and plant breeders on control strategies. ... Full story.

Heavy rains hit Plains wheat fields, floods a concern

05/07/2012 4:30:00 PM

Heavy rains over the weekend in key growing areas of the U.S. Plains may have damaged some of the new wheat crop, leaving growers to hope for sunshine to help the crop dry out. ... Full story.

New strain of rust attacks 3 wheat varieties

05/07/2012 7:30:00 AM

A new strain of stripe rust showed up in Texas wheat in 2010 and defeated the resistance in several varieties. ... Full story.

Aster leafhoppers in winter and spring wheat

05/07/2012 7:10:00 AM

North Dakota State University Extension recommends scouting for aster leafhoppers in wheat after the pests have been spotted on young spring wheat. ... Full story.

Wheat Tour estimates 49.1 bushels/acre, 32% higher than 2011

05/04/2012 7:10:00 AM

The final participant estimate for the three-day tour average was a yield of 49.1 bushels per acre, 11.7 bushels higher than the 2011 estimate of 37.4 bushels per acre. ... Full story.

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