wheat prices

The USDA is out with it’s latest world wheat outlook, and Russia and Australia made most of the noise.   “Australia's production we raised that 1.4 million tons to 38 million tons the current forecast would be the third consecutive record large crop in Australia.  With Russia th...

Nearly every year for the past century, or so, U.S. wheat growers have gradually reduced wheat plantings.  For example, growers cut plantings this past year by about a million acres but, perhaps that trend is turning around for 2023.   “...

Looking back on 2022, there were many challenges for wheat growers.  While weather threw growers a few curveballs throughout the year, one of, if not the biggest challenge was input costs.  USDA numbers show fuel and fertilizer prices increased by roughly 50% this year, with that rate being much higher in early 2022.  And Britany Hurst...

On Thursday, a resumption of grain shipments from Ukrainian Black Sea ports, after Russia rejoined an international agreement allowing safe passage of Ukraine cargo ships.  That announcement came after days of uncertainty after Vladimir Puttin’s government temporarily withdrew from the original agreement.  USDA chief ec...

The world needs wheat, especially in with Russia's invasion of Ukraine ongoing.  But, it looks like global production is going in the wrong direction, and will fall below expectations in the year ahead. Outlook Board Chairman Mark Jekanowski said global production will come in at a bit more than 771.5 mi...

"Lower". The word of note in USDA's outlook of global wheat supply and demand for June. World Agricultural Outlook Board Chair Mark Jekanowski says the primary factor behind a 1.4 billion ton decrease in worldwide production was a lower forecast for India ...

USDA is forecasting production of all wheat for this upcoming marketing year to be up from this past season but only by 83 million bushels, at a bit over 1.7 billion. Wheat growers planted almost 47.5 million acres, but the Midwest drought has been relentless, and USDA now projects growers will only get a crop off of maybe 37 million ...

Wheat prices are higher year-over-year, but despite that increase these are trying times for growers. “We have a price volatility factor going on right now because of the Russia-Ukraine conflict, and on top of that, we have inputs that are going through the roof, such as our fertilizer and fuel which has nearly doubled or tripped," said Michelle Hennings is Executive Director of the Washingto

What did the most recent WASDE says about the domestic export outlook for wheat? "We actually reduced our export forecast a bit...lowered our U.S. wheat export forecast by 10 million bushels," said World Ag Outlook Board chairman Mark Jekanowski ...

Wheat prices continue to climb as the Russian invasion of Ukraine is ongoing. A Rabobank analyst said the world’s biggest wheat buyers may need to reconsider whether they’ll continue buying grain from the Black Sea regions. “Russia and Ukraine have moved a lot of wheat into the market already, so things should be pretty good for this year,” says Stephen Nicholson of Rabobank. “However, the bigger