July 26, 2017

Good, Bad and Ugly – Lower Yields/Fewer Fields Expected on the 2017 Wheat Quality Council Hard Spring Wheat and Durum Tour

Dave Green, a familiar face to folks that have participated in the Wheat Quality Council Hard Red Winter Wheat Tour and Hard Spring Wheat Tour over the years, took the reins of the organization from long-time tour organizer Ben Handcock at the conclusion of the WQC annual meeting in Kansas City earlier this spring. Handcock had been at the helm of the Council since 1992.

Ben Handcock and scouts – Wheat Quality Council

We visited with Green – he’s a native of Akron, Ohio, currently based in Kansas.  Audio –>   Green 1

Green is no stranger to the wheat tour routes.  Audio –>  Green 2

Ahead of the spring wheat and durum tour of the Northern Plains next week, Green has been doing a little pre-scouting leg work to get a handle on what the participants may find this season.  Audio –>  Green 3

For this year’s tour, Green says the crop scouts will fan out on similar routes that have been used in the past.  However, Mother Nature has introduced some detours this season.  Audio –>  Green 4

Bouts of uncooperative weather, from dryness to too much rain, have vexed many wheat fields in the Northern Plains. Green recognizes the extra attention that this year’s tour calculations may gather from domestic and international customers.

Audio –>  Green 5

The Wheat Quality Council is an old organization with a new, much-broader focus.

Founded in 1938 , it has a long and distinguished history of evaluating wheat for milling and end-use quality. The Council is now testing the milling and end-use qualities of Hard Winter, Hard Spring , Durum and Soft Wheats – nationwide.

Share

Burgum, Goehring to Host Town Hall Meeting Tuesday in Carson to Discuss Worsening Drought Conditions

North Dakota Gov. Doug Burgum and Agriculture Commissioner Doug Goehring will host a town hall meeting Tuesday with farmers, ranchers and other area residents in Carson to discuss the challenges created by worsening drought conditions, review the state’s response and answer questions. More than half of the state is in extreme or severe drought, including almost all of western North Dakota, according to the latest U.S. Drought Monitor.

When:  5:30-7:30 p.m. MT Tuesday, July 18, 2017 (6:30-8:30 p.m. CT)

 Where:  Carson Community Center, 118 Railroad Ave., Carson, ND 58529 (attached to the Carson Fire Station)

 

Share

SD Governor’s AG Summit AUDIO from Aberdeen – Market Challenges and Opportunities

The Ag Department said in its monthly report yesterday that Russia will resume its run as a wheat powerhouse, boosting forecasts for production and exports from the key U.S. rival on the global market.

If the government’s projections bear out, Russian wheat exports will beat the U.S. this season.

Current growing conditions in Russia are similar to last year, when producers in that country raised record yields.

Meanwhile in the U.S., wheat production is expected to fall nearly 24% from last season on account of poor weather in the Great Plains.

This morning, Dr. Matt Roberts of Ohio State University gave an update on the wheat market to folks gathered in Aberdeen for the South Dakota Governor’s Ag Summit.

Listen —>  SD Ag Summit Wheat Trends

To start this trading week – Hard Red Spring Wheat futures at the Minneapolis Grain Exchange had jumped by 40% in a little over a month. Recent data from the U.S. Commodity Futures Trading Commission showed the proportion of hedge funds and other money managers betting on spring wheat contracts had almost doubled since May.

During the panel segment on Challenges and Opportunities in the Current Ag Economy, Mike Pearson of Market to Market gave an overall assessment of the ag markets to the crowd – noting a historical trend in the ag economy that usually repeats itself every three decades.

Listen —>   SD Ag Summit Ag Economy

USDA surprised some analysts by raising its domestic wheat stockpile estimate for 2017-18.  USDA raised its U.S. and global corn stockpile estimates above expectations, but the agency projected lower-than-expected domestic soybean stockpiles in Wednesday’s monthly report.

Share