wheat

Total U.S. farm cash receipts are forecast to increase 24% in 2022 compared with 2021.  But total farm production expenses are also expected to be way up this year compared with last year.  Sean Ellis with the Idaho Farm Bureau Federation said the picture is a rosier in the Gem State.   “Idaho far...

In its report for ag prices during the month of November, the USDA said the plusses outweighed the minuses.  Resulting in the prices received index going up 4.5%, and jumping 23% when compared to November 2021.  The index of prices paid by farmers to do business showing no increase at all in November that index still 11% higher than a year ago.   When it co...

USDA says sales of grains and soybeans climbed week-to-week during the week ending on December 8.  Wheat sales rose to 469,000 metric tons, a sharp rise from 190,000 during the previous week.  Exports were reported at 255,900 metric tons, down slightly from the previous week.    ...

Statistics Canada has released it’s third-quarter results for the Prairie provinces harvest, and there were some surprises from September’s estimates.  Bruce Burnette, chief markets analyst with Markets Farm based in Winnipeg, said nearly all Canadian Prairie harvest numbers where improved from last year’s drought-affected results.  Some of the largest ...

USDA says inspections of soybeans and grain for overseas delivery all fell in the seven days ending on December 8th.  Wheat inspections totaled just 218,500 metric tons, down from more than 341,000 the week before and 269,000 during the same week last year.  Corn in...

When Russia invaded Ukraine on February 24th of this year, ag trade was sent into a tizzy, thanks to not only the anxiety by volatility as well.  USDA chief economist Seth Meyer said the resulting high commodity prices played a part in helping raise U.S. farm i...

The fiscal year for agricultural exports starts October 1st of every year, and when you look back in October of 2021, which kicked off the 2022 fiscal year, things started with record high October exports $17.7 billion.   But what about this past October which launched FY23?  ...

As we wrap up 2022, many commodity prices are holding strong, despite bouts of volatility.  Dave Widmar, ag economist with Agricultural Economic Insights, said he expects the farm economy’s strength to continue into the New Year.   "In ge...

It’s a familiar message across the region and across the country.  Resistant weeds continue to move across farm country, threatening yields as well as profits.  Brittany Pearson, sales Agronomist with Wilbur-Ellis, says as producers prepare for the upcoming growing season, they need to take proactive measures to keep challenging weeds from taking hold this spring.  She noted despite how p... Read

The overall condition of the nation's winter wheat crop is still near 30-year lows.   “But the good news is a few production areas have received much needed moisture in recent weeks and that has started to turn the condition around a little bit," noted USDA meteorologist Brad Rippey.  He said the i...