U.S. Wheat Quality Good and Global Demand High
Variable growing conditions greatly influenced the U.S. hard red winter wheat crop in 2020, according to the U.S. Wheat Associates.
Wheat
Rice and Pork Exports Hit Marketing Year Highs
Net sales of U.S. wheat totaled over 530,000 metric tons, up 5 percent from the previous week and the Philippines was the top buyer.
Winter Wheat and Barley Production Falls in 2020
According to USDA’s Annual Small Grain Agricultural Survey, yields this past growing season averaged just a tick under 51 bushels per acre.
Top Five Major U.S. Row-Crops Experience Negative Returns
Producers of the top five field crops in the United States have struggled to cover total costs of production over the past decade.
Weekly Export Report Reveals Impressive U.S. Wheat Sales
Wheat sales last week were impressive, increasing 46 percent over the previous week and 41 percent above the 4-week average, with Mexico and China topping all buyers.
U.S. Wheat Receives Parity in New Trade Agreement
As a key component of the new USMCA trade agreement, Canada agreed to allow wheat grown in the United States for import purposes to receive an official Canadian grade as long as the variety was approved in that country.
Despite Volatility in Grain Markets, Prices Moving Higher
Despite COVID-19, grain has been moving and basis has generally tightened since April with both positive and negative volatility depending on the month and specific grain.
Markets React Favorably to USDA’s December Estimates
(WASHINGTON, DC) Markets rallied on the heels of USDA’s latest World Agricultural Supply and Demand […]