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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

Afternoon Comments 05/24


Wheat futures were probably ripe for pre-holiday profit taking Friday after having surged Wednesday and Thursday. Traders were simply less willing to hold onto positions ahead of the three-day weekend. That seemed especially true with the equity markets under substantial pressure throughout the early going. July CBOT wheat futures declined 5.75 cents to $6.975/bushel to end the week, while July KCBT wheat plunged 7.75 cents to $7.4575, and July MGE futures fell 6.75 cent to $8.0575.
Market Info

Winter wheat condition in Ohio

Ohio State University  |   February 4, 2013
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With lack of snow cover and most of the state experiencing single digit temperatures last week, there have been a few questions regarding the condition of winter wheat in Ohio. Right now, most of the wheat in Ohio looks fine. In northwest Ohio and in the Wooster area, most of the wheat was in good condition before winter began and fortunately there have been minimal periods of standing water and ice. However, in western Ohio, there have been some reports of leaf “burn” from cold winds.

Air temperatures are on the rise early this week followed by cooler conditions by the end of the week. Warm-up followed by cold weather can negatively affect yield, especially if wheat was planted late. In the fall, wheat stores some carbohydrates in the crown. Late-planted wheat does not have time to produce and store as much carbohydrate before the weather turns cold. Warm-up/cold cycles tend to use up stored carbohydrates and reduce winter-hardiness.

However, winter wheat is a cold season grass that can tolerate fairly harsh weather conditions.  Wheat “hardens” in the fall to acclimate to cold conditions. Cold acclimation is variety-dependent and requires a period of growth when temperatures are between 30° and 60°F followed by slowly declining soil temperatures. After hardening, wheat can tolerate temperatures between 0 and 10°F especially when there is good snow cover. The growing point of wheat is below ground until conditions are warm in the spring, but extremely cold conditions can still cause damage to the plant. However, plants are only killed by low temperatures if the crown (lower stem) is damaged. 


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