July 26, 2016

Crop Conditions Remain Near Historical Highs – AUDIO

Despite some waves of heat last week, the most recent USDA Crop Condition report showed little stress on crops at least in the heart of the corn belt. In fact, both corn and soybeans remained unchanged on a national basis, although there were a few states that did decline. USDA Meteorologist Brad Rippey on the 2016 Corn Crop:

Corn Condition

Those states are Michigan, Pennsylvania, South Dakota, Texas and Tennessee. As for soybeans, conditions remained steady at 71% good to excellent with meteorologists largely calling for more crop friendly weather this week.  As for the crops progress:

Soybean Progress

As for spring wheat, USDA is not yet reporting harvest on a national basis although the state by state reports show South Dakota at 20% complete. North Dakota is not reporting harvest progress yet, but the state report showed 72% of that states crop coloring compared to 36% on average this time of year.

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Wheat Quality Council Begins HRS Wheat Tour

wheatThe Wheat Quality Council begins their annual 2016 Hard Red Spring Wheat tomorrow and finish up on Thursday, but according to many it might be a quick tour with wheat harvest already in full swing in many of the inspected areas.  The tour will begin in Fargo, ND where participants will split into three groups headed for western Minnesota, central North Dakota and northern South Dakota for the day.  Round one will end in Bismarck, ND where scouts will rest for the night and then move on to inspect western and northern North Dakota.  The last stop will be in Devil’s Lake, before the tour inspects Northeastern North Dakota on the final day.

As extensive as the tour is, however, it won’t be without its challenges. Pre-tour interviews with participants indicate that harvest is moving along much faster this year, with many indicating they witnessed combined fields on their way into Fargo for the tour.  USDA’s weekly progress report LAST Monday for the state of ND reported 51% of the crop was coloring, well ahead of the 23% normally seen at this time of year.

Despite some challenges, however, the consensus in that the HRS and durum crops will largely be average in yield, down from previous year but not disappointing.  In fact, early expectations are that while yields may have taken a hit due to heat and dryness, protein levels are likely improved which could be a relief to a market recently flooded by a low protein hard red winter crop.

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USGC Members Gather In Louisville for Summer Meeting #grains16

 

USGC_Louisville2016_page

As the public conversation about the merits of trade heats up, U.S. Grains Council (USGC) members are gathering in Louisville, Kentucky, for the export market development organization’s summer business meetings.

USGC delegates and guests at the 56th Annual Board of Delegates Meeting will hear from dynamic speakers on the impact of trade to U.S. agriculture and the grains sectors specifically as well as updates on USGC programs operating in more than 50 countries.

Presentations in the general sessions and topical breakouts Monday, Tuesday and Wednesday will also provide information on the economic impact of USDA export market development programs and specific hot topics including ethanol export promotion programs, feed grain market development and trade with the European Union.

“Exports of corn, sorghum and barley were worth nearly $12 billion to the U.S. economy last marketing year, with exports of distiller’s dried grains with solubles (DDGS) and ethanol worth another $4.6 billion,” said USGC Chairman Alan Tiemann, a farmer from Nebraska. “That is real economic impact on U.S. farmers, the agribusinesses who support their operations and our national livelihood.

“Those of us gathering in Louisville this week know how critical the grain trade is to our operations and are committed to growing it this year and long into the future.”

Also at the meeting, USGC Advisory Teams (A-Teams), which provide guidance and set priorities for the Council’s operations, will meet to hear mid-year reports on strategies to promote and expand exports in key markets.

Additional information about the meeting agenda, location and more is available here. Those not attending in person can follow along in the digital conversation on Facebook or Twitter #grains16.

U.S. Grains Council

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