KAWG E-Update

We hope you enjoy this week’s edition of KAWG E-News.

One acre of Kansas wheat can produce 90 loaves of whole wheat bread. In 2016, that one acre could feed a family of three for more than 14 years! Or that same acre could feed 15,390 people for one day. In fact, the entirety of the 2016 Kansas wheat harvest could produce over 42 BILLION loaves of bread, which would feed the entire world population for about 18 days.

When you’re baking your own warm, toasty loaf made from Kansas wheat, remember that the USDA’s Dietary Guidelines for Americans stress the need to make half your grains whole every day, so be sure to add a little variety in the type of flour you use.

Why not develop a recipe during National Bread Month and turn that dough into cold, hard cash? Youth and adult entries are being accepted until January 16, 2017 for the National Festival of Breads. The adult grand champion can even take their delicious hobby to the next level with a trip to learn more at King Arthur Flour’s Baking Education Center in Vermont!

Or are your baking skills still on the rise? Be sure to visit the Home Baking Association, Wheat Foods Council or Grain Foods Foundation for recipes and tips.

“Her AgriCULTURE Story: Change, Adapt, Grow” is the theme of the next Women Managing the Farm Conference planned for February 9-10, 2017 in Manhattan, Kansas. During the two-day conference, attendees choose from over 30 presentations covering many agricultural topics, including: farm finances, agricultural and estate law, production, marketing, management, relationships and health.

Sessions are designed to keep women informed of the latest advancements in the farming community, and networking sessions are tailored to agricultural partners, independent producers, helpers, absentee landowners, industry career women, business managers and women with family in the military. Pre-conference workshops will also be offered on February 8 and options include visiting local ag businesses, managing finances using Excel or Quickbooks and maximizing ag technology systems.

General session presenters include David Kohl, agricultural finance and business management specialist and Kristy Archuleta, financial planner and family therapist. Kriss Avery, an Emmy award-winning music and sound designer, concludes the conference by sharing how her journey and passions are deeply rooted in her rural Kansas upbringing.

This week, NAWG is attending the Fall Wheat Conference in Denver, Colorado, held in conjunction with U.S. Wheat Associates. NAWG and USW policy committees are meeting to discuss policy priorities, and the NAWG Board and NWF Board will also receive updates. The Joint NAWG/USW Board will also meet. While NAWG is at the Conference (Nov. 2-5), follow the NAWG and USW Twitter handles and Facebook pages and watch for the #FallWheatConference16 hashtag for photos and updates. Due to the NAWG staff being away at this Conference, there will be no update newsletter this week. The next newsletter will be published on November 10.

NWF Accepting Applications for Jerry Minore Scholarship

The NWF is accepting applications for the 2016 Jerry Minore Memorial Scholarship. Four scholarships will be awarded to students who have a personal connection to the wheat industry and a planned career path in agriculture. In its fifth year, the Jerry Minore Memorial Scholarship honors both high school and college students who have demonstrated success in academics and leadership roles.

The scholarship is named in honor of Jerry Minore, a longtime friend of, and an active participant in, the wheat industry. To honor Jerry’s life and work, the Minore Memorial Scholarship will fund two $1,500 scholarships and two $1,000 scholarships for the 2017-2018 academic year. All applications must be received via e-mail on or before December 31, 2016. Applications can be e-mailed to pmillard@wheatworld.org.

For the last couple of years, bearish news dominated the wheat market.  The supplies of wheat are too high and the demand for wheat is too low.  The bottom line, ending stocks, keep climbing.  The bearish news kept building on itself. We are now accustomed to this information.  I believe it is time to explore the other side.

Bullish wheat news:

• Export demand for U. S. quality wheat is on the rise.  Our wheat export price is now competitive with quality wheat price around the world.  The Egyptian wheat tenders in the past couple of weeks have listed offers from the United States.  Although we have not secured a wheat sale from this country, we are now on the board.
• There is a larger than normal amount of feed quality wheat in the world.  The Black Sea Region and Europe had production problems.  Wetness in Europe at harvest caused their poor quality. This wheat will be feed in place of feed grains.  This will be another source for wheat demand.
• Dry weather persists in our southern plains.  There is seed wheat that either needs to get planted or needs moisture to sprout.  The wheat that is up and growing needs moisture before dormancy occurs to protect the wheat plant for the winter.  Last Monday’s crop condition report listed 8% of the wheat seed still needs to get put in the ground in Kansas.  The numbers for Oklahoma and Texas is higher.
• Wheat planting in the United States could be below 49 million acres.  This would be the second lowest in the last 116 years.
• Wheat analysts in Canada and Australia lowered their wheat production estimates this week.  India is suspect for lower wheat production.  Not all the world wheat production news is bearish.

While there is friendly news for the wheat market, it has not been enough to change the direction of the wheat price.  The wheat price remains stuck in a sideway price pattern that has last over four months.  It will take a confirmation of strong demand to excite the bullish wheat traders and chase away the bearish wheat traders.

PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTION CONTRACTS EVEN, WHEN USED FOR HEDGING PURPOSES.  PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTION CONTRACTS.  FUTURE’S TRADING IS NOT SUITABLE FOR ALL INVESTORS.  OPTIONS CAN AND DO EXPIRE WORTHLESS.  IF YOU PURCHASE A COMMODITY OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS.

 PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

 SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MOST CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED IN THE PAST SEVERAL YEARS.  EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY AFFECT THE RESULTS.

Souce: KAWG