The Latest

Events

  1. Illinois: Crop Management Conferences, Jan. 20 – Feb. 10

    January 20 @ 8:00 am - February 10 @ 8:00 am
  2. Ohio: Corn College Workshop, Greenville, Feb. 10

    February 10 @ 8:00 am - 5:00 pm
  3. Arkansas State Agribusiness Conference, Jonesboro, Feb. 10

    February 10 @ 8:00 am - 5:00 pm
  4. Texas: Feed-Grain Marketing Workshop, Amarillo, Feb. 10-11

    February 10 @ 8:00 am - March 11 @ 5:00 pm
  5. West Florida Crops Meeting, Jay, February 11

    February 11 @ 7:45 am - 12:00 pm
  6. Georgia: Ag Business Planning Workshop, Glennville, Feb. 11, 18

    February 11 @ 8:00 am - February 18 @ 5:00 pm
  7. Alabama-Florida Peanut Trade Show, Dothan, February 11

    February 11 @ 8:00 am - 5:00 pm
  8. Four States Agricultural Exposition, Texarkana, Feb. 11

    February 11 @ 8:00 am - 5:00 pm
  9. Ohio: Agronomy Workshops, Wooster, Feb. 15, 16

    February 15 @ 8:00 am - February 16 @ 8:00 am
  10. Louisiana: Irrigation Management Workshop, Marksville, Feb. 16-17

    February 16 @ 8:00 am - February 17 @ 8:00 am
  11. Tennessee: Irrigation Meeting, Somerville, Feb. 16

    February 16 @ 8:00 am - 5:00 pm
  12. Tennessee: Cotton Focus Meeting, Jackson, Feb. 18

    February 18 @ 8:00 am - 5:00 pm
  13. Illinois: Ag Tech Innovation Summit, Champaign, Feb. 18

    February 18 @ 8:00 am - 5:00 pm
  14. Texas: Oil, Gas Leasing Workshop, College Station, Feb. 22

    February 22 @ 8:00 am - 5:00 pm
  15. Georgia: Auxin Herbicide Training, Alma, Feb. 22

    February 22 @ 8:00 am - 5:00 pm
  16. Texas: Wild Pig Management Workshop, Burnet, Feb. 24

    February 24 @ 8:00 am - 5:00 pm
  17. Mississippi: Ag Waste Disposal Day, Charleston, Feb. 24

    February 24 @ 8:00 am - 5:00 pm
  18. Virginia: USDA Agricultural Outlook Forum, Arlington, Feb. 25-26

    February 25 @ 8:00 am - February 26 @ 5:00 pm
  19. Georgia: Pest Manager Training, Forsyth, Feb. 25

    February 25 @ 8:00 am - 5:00 pm
  20. Tennessee: Winter Row Crop Marketing Meeting, Mason, Feb. 25

    February 25 @ 8:00 am - 5:00 pm
  21. Texas: Rice Technical Working Group, Galveston, March 1-4

    March 1 @ 8:00 am - March 4 @ 8:00 am
  22. Texas: Rice Technical Working Group Conference, Galveston, March 1-4

    March 1 @ 8:00 am - March 4 @ 5:00 pm
  23. Texas: Regional Sorghum Program, Plainview, March 3

    March 3 @ 8:00 am - 5:00 pm
  24. Indiana Small Farm Conference, Danville, March 4-5

    March 4 @ 8:00 am - March 5 @ 5:00 pm
  25. Kansas: 103rd Annual Cattlemen’s Day, Manhattan, March 4

    March 4 @ 8:00 am - 5:00 pm
  26. Kentucky: Integrated Pest Management Training, Princeton, March 2

    March 6 @ 8:00 am
  27. Oklahoma: Irrigation Conference, Woodward, March 8

    March 8 @ 8:00 am - 5:00 pm
  28. Oklahoma: Pecan Management Course, Stillwater, March 8

    March 8 @ 8:00 am - 5:00 pm
  29. Missouri: Free Pesticide Collection Event, Portageville, March 12

    March 12 @ 8:00 am - 5:00 pm
  30. Florida: Carinata Summit, Quincy, March 15-16

    March 15 @ 8:00 am - March 16 @ 5:00 pm

 

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Wheat Price Highlights: Futures Down on Harvest Pressure

Ernst Undesser
From U.S. Wheat Associates June 14, 2013

Highlights:

  • All three wheat futures closed lower this week due to harvest pressure and reports of larger crops in the U.S. and Australia, the top two wheat exporters. U.S. winter wheat harvest began last week, weighing on markets. A sharp drop in corn value mid-week also added pressure to wheat markets. The KCBT July saw the largest loss of the three nearby wheat contracts, down 27 cents to $7.12/bu. CBOT July wheat fell 17 cents to $6.81/bu and MGEX July dropped 8 cents to close at $8.12/bu. CBOT July Corn lost 8 cents to $6.55/bu and CBOT Soybeans closed down 11 cents at $15.17/bu.
  • In its monthly WASDE update, USDA increased estimated US production by 1 percent to 56.6 MMT. However, estimated world production decreased 5.24 MMT to 696 MMT, due to lower production in Russia, Ukraine and the EU. Projected global ending stocks fell 5.0 MMT from May to 181 MMT.
  • On Wednesday, the Australian Bureau of Agriculture (ABARES) increased its estimate for the 2013/14 Australian wheat crop to 25.4 MMT. If realized, it would be 15 percent greater than last year’s output of 22.1 MMT and be the fourth largest crop on record. USDA left its estimate for Australian production unchanged from May at 24.5 MMT.
  • USDA reported the first winter wheat harvested area of the year this week, showing 5 percent complete as of June 9. Harvest is well behind last year’s pace of 37 percent complete to date and below the five-year average of 16 percent harvested.
  • The Baltic Panamax Index increased for the first time in two months, up 95 points to 859. The index found support from South American grain imports and spill over strength in larger vessels carrying iron ore and coal. Maritime Research’s Grain Freight Index increased from 479.2 to 480.7.
  • The US Dollar Index fell 1 percent this week from 81.66 to 80.66.
Ernst Undesser
From U.S. Wheat Associates June 14, 2013