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Market Commentary

Afternoon Comments 05/17


Wheat futures seemed to suffer Friday from the ongoing dollar rally and its potential for curtailing export demand. Other price shifts may simply have reflected the impact of wet weekend forecasts for the central U.S. That is, increased moisture in the west could improve the winter wheat harvest, thereby weighing upon Chicago and Kansas City prices. On the other hand, wet fields in the Northern Plains could slow spring wheat plantings and reduce production prospects for that region. July CBOT wheat futures slipped 4.5 cents to $6.8325/bushel in Friday morning trading, and July KCBT wheat dropped 5.25 to $7.3725, while July MGE futures were unchanged at $8.0375.
Market Info

New club wheat is tough on fungi

Agricultural Research Service  |   February 18, 2013
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Pacific Northwest wheat growers now have added insurance against outbreaks of yield-robbing fungi, thanks to "Cara," a new, white winter club wheat cultivar developed by U.S. Department of Agriculture (USDA) scientists.

According to Kim Garland-Campbell, a geneticist with USDA's Agricultural Research Service (ARS) in Pullman, Wash., "Cara" is the product of a cooperative wheat breeding effort to combine high grain yields and flour quality with resistance to multiple fungal diseases. Of particular concern is stripe rust, a disease caused by the fungus Puccinia striiformis, which has inflicted yield losses of up to 40 percent in Washington and other Pacific Northwest states.

In fact, the release and subsequent sale of "Cara" in 2009 coincided with a stripe-rust epidemic that had overcome the resistance present in cultivars of club wheat that had been planted at the time, notes Garland-Campbell, who works at the ARS Wheat Genetics, Quality, Physiology and Disease Research Unit in Pullman. ARS is USDA's principal intramural scientific research agency.

Based on 60 yield trials conducted in plots where stripe rust was present in Oregon and Washington, "Cara" outperformed most other commercial cultivars, with two-year averages ranging from three to 18 percent better than the other wheats used in the evaluations.

"Cara," which was derived from crossing three diverse wheat germplasm sources, is primarily adapted to the Palouse and other rust-prone areas of the Pacific Northwest that receive 15 to 24 inches of precipitation annually. In addition to stripe rust, "Cara" carries genes for fungal disease resistance to straw breaker foot rot and powdery mildew.

"Cara" also scored high on standard industry evaluations for milling, baking and other end-use properties. For example, like other club wheats, flour milled from "Cara" has low viscosity and protein content, coupled with high "break flour" and "weak gluten," characteristics ideal for making air-leavened cakes, sugar snap cookies, biscuits, pastries and other soft, fluffy-textured baked goods.


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