AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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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.
Market Info

Global warming’s impact underestimated

Colleen Scherer, Managing Editor, Ag Professional  |   January 31, 2012

A Stanford University researcher says the world’s crop models may have underestimated the impact of global warming on global wheat yields, according to an article from UPI.

Researcher David Lobell pointed to an area of India known for its wheat production. Lobell found that winter wheat in India is turning brown earlier in the spring, prior to harvest. Higher average temperatures are having a significant effect, with temperatures higher than 93.2 degrees F having the most impact.

Lobell’s research highlights the need for more research into how hot spells impact wheat yields around the globe. As global temperatures are expected to rise, more, longer periods of heat could reduce global wheat yields.

Read more here.


 

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