The Latest

Events

  1. Oklahoma: Canola Schools – August 2 and 4

    July 20 @ 5:00 am - August 5 @ 1:00 am
  2. Tennessee: No-Till Field Day, Milan, July 28

    July 28 @ 8:00 am - 5:00 pm
  3. Tennessee: No-Till Field Day, Milan, July 28

    July 28 @ 8:00 am - 5:00 pm
  4. InfoAg Conference, St. Louis, Aug. 2-4

    August 2 @ 8:00 am - August 4 @ 5:00 pm
  5. Tennessee: Mid-South Ag Finance Conference, Martin, Aug. 3

    August 3 @ 8:00 am - 5:00 pm
  6. Arkansas: RiceTec Field Day, Harrisburg, Aug. 3

    August 3 @ 8:00 am - 5:00 pm
  7. New Mexico: Ag Science Center Field Day, Clovis, Aug. 3

    August 3 @ 8:00 am - 5:00 pm
  8. Texas: Cotton Fiber Quality Conference, Lubbock, Aug. 4

    August 4 @ 8:00 am - 5:00 pm
  9. Arkansas Rice Expo, Stuttgart, Aug. 10

    August 10 @ 8:00 am - 5:00 pm
  10. North Mississippi Row Crops Field Day, Verona, Aug. 11

    August 11 @ 8:00 am - 5:00 pm
  11. Texas: Small Grain Workshop, Brownwood, Aug. 11

    August 11 @ 8:00 am - 5:00 pm
  12. Texas: Pre-Plant Wheat Meeting, Amarillo, Aug. 12

    August 12 @ 8:00 am - 5:00 pm
  13. Kansas: Farm Succession Planning Seminar, Jewell, Aug. 16

    August 16 @ 8:00 am - 5:00 pm
  14. Illinois: Agronomy Day, Savoy, August 18

    August 18 @ 8:00 am - 5:00 pm
  15. Kansas: Farm Risk and Profit Conference, Manhattan, Aug. 18-19

    August 18 @ 8:00 am - August 19 @ 5:00 pm
  16. Kansas: Water Management Field Day, Colby, Aug. 23

    August 23 @ 8:00 am - 5:00 pm
  17. Georgia: Pest Manager Training Workshop, Savannah, Aug. 26

    August 26 @ 8:00 am - 5:00 pm
  18. Louisiana: Sweet Potato Field Day, Chase, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
  19. California Almond Conference, Sacramento, Dec. 6-8

    December 6 @ 8:00 am - December 8 @ 5:00 pm

Wheat Price Highlights: Highest Prices Since June

Ernst Undesser
From U.S. Wheat Associates October 4, 2013

Highlights:

  • U.S. wheat futures closed higher this week, reaching their highest prices since early June. Strong demand for high-protein U.S. wheat and lower estimated world supply supported futures. A USDA report showed lower HRW production, which supported KCBT contracts. The MGEX December contract added 22 cents to $7.46/bu. KCBT closed 19 cents higher at $7.50/bu and CBOT gained 4 cents to $6.87/bu. CBOT December corn fell 11 cents to $4.43/bu and CBOT Soybeans dropped 25 cents to $12.95/bu.
  • The KCBT nearby contract closed higher than the MGEX nearby for the second consecutive week. Gulf basis levels for lower protein spring wheat increased due to higher demand, narrowing the HRW/HRS FOB price spread.
  • USDA released its September small grain summary on Monday. It upped its total U.S. wheat production estimate from 57.4 MMT to 57.9 MMT, topping analysts’ predictions. Lower estimated HRW production was offset by higher production of every other U.S. wheat class.
  • The Baltic Panamax Index rose from 1,800 last Friday to 1,914. Strong demand for vessels in the Atlantic supported the index.
  • The US Dollar Index fell from 80.37 last Friday to 80.22.
Ernst Undesser
From U.S. Wheat Associates October 4, 2013