Recent news and highlights from around the wheat industry.
Quote of the Week: “Though the Russians have been quick to deny potential [wheat] export curbs, we believe truth lies somewhere within these statements and that some restriction is forthcoming. The question remains when and how much.” Oklahoma-based market analyst Brady Sidwell.
Analyst Believes U.S. Wheat Demand Can Grow. Brady Sidwell, Principal of Sidwell Strategies in Enid, Okla., told farm broadcaster Ron Hays on Oklahoma Farm Report that U.S. wheat prices are nearing some key support levels and are within only a few dollars per metric ton with Russian supplies. He notes that only 45 percent of the new Russian crop meets milling quality and that could be another factor leading its government to intervene in exports. Listen to this interesting analysis at https://bit.ly/2xjWzMd.
Changes to USW Price Report. Due to increased demand for higher protein U.S. soft white (SW) wheat and the low average protein levels of the 2018/19 crop, the USW Price Report will change this week to show min 9.5 protein premiums (currently about a 20 cent per bushel premium to max 10.5 SW prices) and no longer show an unspecified protein level. Unspecified protein SW has priced equal to max 10.5 SW for the last several months. USW will continue to monitor market conditions and make changes to the report as necessary.
September is Whole Grains Month. Wheat is the most widely grown crop in the world and serves as an excellent source of nutrition. Read more about whole grains from the National Wheat Foundation here. Visit the Wheat Foods Council website for additional whole grains and wheat foods resources.
Curious About the Latest Innovations in Plant Breeding? The American Seed Trade Association (ASTA) has prepared a great resource on plant breeding innovations like gene editing. You can find these materials on a special section of ASTA’s website at https://seedinginnovation.org/.
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