Wheat is an essential ingredient in food that feeds the world. The price of wheat, like all agricultural commodities, depends on weather conditions in primary growing regions each year. In 2008, the price of wheat rose to its all-time peak price at $13.345 per bushel as drought conditions limited supplies and caused the price to explode to the upside. At… Read more »
With Hurricane Harvey gone and most of the damage assessed, the Texas wheat industry looks forward to repairing, rebuilding and getting back to work. Hurricane Harvey dropped a record of 50 inches, or 127 centimeters, of rain. Following the flooding from Hurricane Harvey, some Texas ports are still closed, rail embargos remain in effect and virtually no wheat was inspected… Read more »
Improvements in breeding tools are helping to make hybrid wheat a reality.
A revival in British milling wheat premiums is, in rendering German supplies more competitive, threatening to revive UK imports, whose high level since the nightmare year of 2012 has surprised investors. While prices of higher quality wheat have outperformed worldwide – a reflection of a poor quality, if record large, global harvest – those in the UK appear to have… Read more »
Cash wheat prices (near $2.80 at this writing) are well below the cost of production. It is a fact that the market will offer prices that provide a profit for some producers. It is also a fact that the market will periodically offer prices that will weed out inefficient, high-cost producers. Another fact is that a large difference exists in… Read more »
South Korea rejected a shipment of Argentine feed wheat after finding unapproved strains of genetically modified organisms (GMO) in the cargo, the agriculture ministry said on Tuesday.
Fabrice Bourjot, Head of Wheat Development with Moulins Soufflet: There is a direct relationship between yield and protein content in milling wheat. The year of poor weather that we are seeing should thus enable us without too much difficulty to meet our target of a minimum protein content of 11% on wheat bought. This should not make us forget the… Read more »
This week’s Grain Farmers of Ontario market commentary has some potentially good news for the wheat market. Analyst Marty Hibbs says Russia’s autumn-sown grains crops are in even worse condition than in 2009.
Japan and South Korea are continuing to test the U.S. wheat they buy to make sure the grain is not contaminated with an experimental version developed by Monsanto Co, but could soon stop the practice, the head of a U.S. wheat association said on Thursday.
Since the farm-to-table movement has become a standard element in the local culinary scene, more and more Coloradans care about where their food comes from. Yet many diners still don’t understand the intricacies of farming, where pesky weeds and summer thunderstorms can ruin both crops and livelihoods.