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Old 06-19-2017, 02:01 AM
urthspirit urthspirit is offline
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On the World News Daily (wnd.com) today is an article about world wheat crop harvests being down. Also states U.S. what harvest lowest in 108 years. I checked 3 websites (lds store online, augason farms @ walmart site and EE)...Prices are up for wheat berries as well as flour.
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Old 06-19-2017, 02:28 AM
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Have to wonder how much of it might be a coincidence of crop rotation. In my area the common rotation seems to be between corn and beans, or corn, beans, and wheat. Just from what I've noticed driving around, this does not seem to be a wheat year.
Old 06-19-2017, 05:40 AM
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https://thefern.org/ag_insider/small...ngs-108-years/

''Faced by the lowest average wheat prices in a decade, U.S. growers slashed winter wheat plantings to their lowest level since 1909, when USDA began its wheat records. The 10 percent cut in acreage from 2016 sets the stage for potentially the smallest harvest in four decades of winter wheat''
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Old 06-19-2017, 06:23 AM
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Quote:
Originally Posted by 3cyl View Post
https://thefern.org/ag_insider/small...ngs-108-years/

''Faced by the lowest average wheat prices in a decade, U.S. growers slashed winter wheat plantings to their lowest level since 1909, when USDA began its wheat records. The 10 percent cut in acreage from 2016 sets the stage for potentially the smallest harvest in four decades of winter wheat''
Yeap; simply price and supply control...and in a sense, population control (just my pessimistic take from the global perspective).

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Old 06-19-2017, 10:58 AM
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high wheat prices played a part during the so-called "Arab Spring"

probability they will again? high.

edit: note, current wheat prices as of today are about half what they were globally in the 2011-2013 spike. hard to predict if prices will rise that high.
Old 06-19-2017, 11:04 AM
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So what did wheat farmers switch to this year?
Old 06-19-2017, 11:11 AM
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So what did wheat farmers switch to this year?
seeing a lot of corn here locally, but i see plenty of wheat locally here too, so its hard to say for sure. not seeing as many soybeans.
Old 06-19-2017, 11:19 AM
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Corn seems to be the thing in my area this year. Last year was beans primarily, and those that grow wheat had wheat. This year looks like corn regardless of whether the farm is on a 2 crop or 3 crop rotation.
Old 06-19-2017, 02:11 PM
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Looks like a bumper crop around here. Where are the yield falling off?
Old 06-19-2017, 02:16 PM
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Quote:
Originally Posted by urthspirit View Post
On the World News Daily (wnd.com) today is an article about world wheat crop harvests being down. Also states U.S. what harvest lowest in 108 years. I checked 3 websites (lds store online, augason farms @ walmart site and EE)...Prices are up for wheat berries as well as flour.
Are you sure?
https://www.usda.gov/oce/commodity/wasde/latest.pdf
Old 06-19-2017, 02:19 PM
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Quote:
Originally Posted by urthspirit View Post
On the World News Daily (wnd.com) today is an article about world wheat crop harvests being down. Also states U.S. what harvest lowest in 108 years. I checked 3 websites (lds store online, augason farms @ walmart site and EE)...Prices are up for wheat berries as well as flour.
“With all-time highs for wheat and maize, global total grains (wheat and coarse grains) production in 2016/17 was the largest in history, at 2,120m t (+5% y/y). An anticipated consumption increase of almost 100m t is led by maize, including strong gains for feed and industrial uses. Despite record demand, world stocks will likely post their fourth consecutive expansion, to a new peak. At an expected 349m t, global trade is seen reaching an unprecedented level. “
http://www.igc.int/downloads/gmrsummary/gmrsumme.pdf
Old 06-19-2017, 02:23 PM
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Quote:
Originally Posted by urthspirit View Post
On the World News Daily (wnd.com) today is an article about world wheat crop harvests being down. Also states U.S. what harvest lowest in 108 years. I checked 3 websites (lds store online, augason farms @ walmart site and EE)...Prices are up for wheat berries as well as flour.
“There’s so much wheat that prices are have slumped for four straight years. U.S. farmers have increasingly turned to corn and soybeans in recent decades as genetically modified varieties offer higher yields, while biotech wheat hasn’t been approved for commercial sale.”
http://www.advancedeconomicsolutions...eport-may-show
Old 06-19-2017, 02:32 PM
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Heard around 9:30 a.m. the economic guy on American Family Radio gave his commodities report for the day/week.

He was talking briefly about corn and wheat prices, about the 1:02 mark.

Corn way down, wheat is up, as of today.

https://afr.net/afr-talk/financial-i...e-prices-drop/

And unless it's changed, remember Russia is no longer exporting it's wheat. At least not on the open market where it can be tracked.
Old 06-19-2017, 02:37 PM
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Quote:
Originally Posted by 3cyl View Post
https://thefern.org/ag_insider/small...ngs-108-years/

''Faced by the lowest average wheat prices in a decade, U.S. growers slashed winter wheat plantings to their lowest level since 1909, when USDA began its wheat records. The 10 percent cut in acreage from 2016 sets the stage for potentially the smallest harvest in four decades of winter wheat''
hopefully they have a lot stored so we don't have huge price swings.

low prices usually means a glut.
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