Can Wheat Prices Go Higher Early in the New Year? Kim Anderson Says Maybe
Oklahoma Farm Report – 12/7/2018
Oklahoma State University’s Dr. Kim Anderson sees light at the end of the tunnel for wheat producers when it comes to wheat prices in the new calendar year- and tells Lyndall Stout with SUNUP this weekend that he thinks wheat prices have a chance of going higher after we turn the calendar over to 2019 for several reasons. Anderson believes our exports will pick up early in the new calendar year, Russian exports will start ramping down as they run out of wheat to export, drought in Australia is taking a toll on their expected wheat production and it appears we will be using more wheat than we are producing again this year- domestically and internationally. For producers who are able to grow a higher than average protein crop in 2019, those factors may help deliver higher wheat prices for what may well be a commodity in short supply and high demand.
Wheat: The Hidden Opportunity
Successful Farming – 12/5/2018
With much of the recent grain trade headlines attributed to China and soybeans lately, there is one commodity that is sleeping in the background, which might end up being the grain that needs to truly be watched as we head into 2019: Wheat. After five years of surplus global wheat production, wheat futures have been the bearish, black sheep of the grain family. “Too much supply, quit growing wheat, wheat has no reason to rally.” These were statements decried by many analysts in the industry. During those five years, wheat prices have been relatively inexpensive, allowing for global demand to grow.
Russia Seeks to Feed the Whole Planet
F3News – 12/6/2018
Russia seeks to expand its agricultural exports, ultimately seeking to feed the whole planet, Prime Minister Dmitry Medvedev said. The PM’s statement comes as the country enjoys a record surge in grain exports. “Our country is, as they say, destined by the heavens to feed the whole planet. And we’ll try and do that,” Medvedev told journalists of Russian TV channels in a major interview aired on Thursday.
Wheat: 2019 A Year of Marketing Opportunities
AgFax – 12/6/2018
Texas wheat producers may have an opportunity to see higher prices and higher yields in 2019, according to a Texas A&M AgriLife Extension Service grain marketing economist. Dr. Mark Welch, College Station, who spoke at the recent Texas Wheat Producers Symposium, said producers need to be ready to lock in a rate that works for their operation. Some basic factors emerging from the 2018 crop year are going to set the price trajectory and levels for 2019 to a large degree, Welch said, although there are many macroeconomic conditions, trade policies and issues, that will also influence the final prices.
U.S. Wheat Farmer Shares His Struggles With Selling Grain To Canada
Steinbach Online – 12/5/2018
A wheat grower from Montana shared his struggles with the invisible 49th parallel at Agri-Trade in Red Deer, Alberta last month. Previously, American farmers growing registered Canadian wheat varieties could only get the lowest grade when they sold their wheat in Canada. Past President of the National Association of Wheat Growers, Gordon Stoner, farms near Outlook, Montana and says under the new NAFTA trade deal, American Farmers can now qualify for a Canadian Grain Commission Grade instead of their grain defaulting to feed.
Kansas Wheat Could Hit 100-year Low
KAKE – 12/7/2018
Scott Van Allen is one of thousands of wheat farmers in Kansas. His livelihood is a game of chance. “The weather is our biggest benefactor, but it’s also our biggest opponent,” says Van Allen. A wet and cold fall kept farmers like him out of their fields. “I started planting wheat the first of October. I planted for three days and it started raining,” says Van Allen.
Source: U.S. Wheat Associates