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Articles of Interest – Thursday, October 18, 2018

October 18, 2018

Articles of Interest US Wheat Associates

Ukraine Grain Exports at 11.1 Mln T So Far in 2018/19
Successful Farming 
– 10/16/2018
Ukraine has exported 11.1 million tonnes of grain since the season began in July, down from around 13 million tonnes at the same point last season, the agriculture ministry said. Ukraine has exported 6.7 million tonnes of wheat, 2.3 million tonnes of barley and 1.9 million tonnes of maize, it said. Ukraine plans to harvest 63.1 million tonnes of grain compared with 61.3 million in 2017.

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USDA Leaves Russian Wheat Forecast Unchanged
– 10/18/2018
Despite recurring rumors suggesting that Russia may move to limit its exports of wheat in 2018-19, which have led to sporadic but short-lived spikes in wheat futures in recent weeks, the U.S. Department of Agriculture, in its October World Agricultural Supply and Demand Estimates report, left unchanged its forecast for Russian wheat exports in the current year at 35 million tonnes. While down 6.42 million tonnes, or 15%, from the record outgo of 41.42 million tonnes in 2017-18, Russian wheat exports this marketing year would be the nation’s second largest on record, and Russia would remain the world’s largest wheat exporter with the United States, whose 2018-19 export forecast was left unchanged at 27.9 million tonnes, a distant second. The USDA’s Foreign Agricultural Service in its October Grain: World Markets and Trade report noted Russian wheat exports were off to a fast start in 2018-19 with the volume exported in the first three months of the marketing year 30% larger than in the same span in 2017-18.

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Tariff Conflict and Other Factors Affecting Farm Production Values
AgFax– 10/17/2018
This article takes a step back from the headline of tariffs and agriculture to address a broader question, “How have estimates of the value of production changed since advent of the tariff conflict?” This change reflects more factors than tariffs, such as weather and production in the US and rest of the world. Specifically examined are changes in the value of production for the initial set of commodities receiving Market Facilitation Program (MFP) payments (corn, cotton, milk, pork, sorghum, soybeans, and wheat).

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Inside Oklahoma Wheat Commission and OSU’s “Groundbreaking” Product Development Research
Oklahoma Farm Report 
– 10/17/2018
The Oklahoma Wheat Commission has been involved with many projects through the years in conjunction with the Oklahoma Wheat Improvement Team at Oklahoma State University. One of the more recent projects and certainly one that is quite novel to the wheat industry, is its work developing a taste profile for the many different varieties of wheat that the Wheat Improvement Team, led by Dr. Brett Carver, has churned out over the years including four new varieties just this fall. Based on these taste profiles, the OWC is parlaying its work and research into product line development as another way to enhance producers’ opportunity to market their wheat.

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Idaho Wheat Crop Sets Record for Yield
Capital Press – 10/16/2018

Exceptional spring wheat yields in Idaho pushed this year’s crop to a record overall yield. Growers averaged 91.9 bushels per acre, edging past the old record, 91.4 bushels per acre, set in 2016, said Chris Mertz, regional director of the USDA National Agricultural Statistics Service. Records date back to 1879, Mertz said. “(For) two years in our database, it has averaged higher than 90,” he said of the overall wheat yield. Spring wheat averaged a yield of 95 bushels per acre, up from 85 bushels last year, while winter wheat averaged 90 bushels per acre, up from 80 bushels per acre last year. It’s the first time spring wheat yields in the state averaged more than 90 bushels, Mertz said.

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Wheat Planting Underway
Hoosier Ag Today – 10/17/2018

Corn and soybean harvests are moving along rapidly, and winter wheat planting is also underway. All wheat acres are forecast to be up 4%, but this still represents the 2nd lowest acreage figure since records started  being kept in 1919.  The latest USDA figures show that about 31% of Indiana’s winter wheat has been planted, with most of that in Southern Indiana. Eric Miller, with Pioneer, says wheat planting is just getting underway in East Central Indiana.

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Source: U.S. Wheat Associates

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