Why Ravaging Heatwaves Matter to World’s Dinner Table
Bloomberg – 8/14/2018
To see the impact of record-breaking temperatures around the world, watch wheat. Found in everything from bread to noodles, biscuits to cereals, beer to cakes — there is no more widely grown staple crop and more than 170 million metric tons trade every year. So when the weather ruins harvests in one spot, it can shock markets and economies that are thousands of miles away.
Russian Wheat Exports Up 90% at 4.6 Mil Mt in Marketing Year to August 8
S&P Global – 8/13/2018
Russian wheat exports between the start of the marketing year on July 1 and August 8 were 4.63 million mt, up 90% on the year, Russian Agriculture Ministry data showed Monday. The faster pace than last year reflects an earlier-than-usual harvest as a result of hot, dry weather, which prompted farmers to begin much earlier than expected to minimize heat and drought damage to crops.
Australia’s June Wheat Exports at 1.35 Mt Down 6 Pct From May
Grain Central – 8/08/2018
Australia’s wheat exports in June at 1.35 million tonnes (Mt) were down 6 percent from the May figure of 1.44Mt, according to the latest export data from the Australian Bureau of Statistics (ABS). The drop in total bulk and containerised shipments of Australian wheat has not shown signs of limitation caused by a string of cargoes making their way from the export-focused states of Western Australia and South Australia to drought-hit eastern states.
Roundup Cancer Verdict Sends Bayer Shares Sliding
Reuters – 8/13/2018
Bayer (BAYGn.DE) shares plunged as much as 14 percent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer. After the verdict in favor of a California school groundskeeper with terminal cancer, Monsanto faces more than 5,000 similar lawsuits across the United States over claims it did not warn of the cancer risks of glyphosate-based weedkillers, including its Roundup brand.
UNL Team to Research Link Between N Fertilizer, Wheat Protein
Nebraska Farmer – 8/14/2018
Protein levels are a major factor in wheat production, and Nebraska wheat crop yield data from 2016 and 2017 shows low protein levels across the state. Wheat protein levels are affected by a combination of factors, including yield and nitrogen applied. But just how much do soil nitrogen levels affect protein levels in winter wheat grain? A multidisciplinary team of University of Nebraska-Lincoln researchers is conducting a two-year study to find out.
Source: U.S. Wheat Associates