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MN Wheat Weekly Wheatsource

MN Wheat Weekly Wheatsource

MN Wheat Weekly Update

Drought Monitor July 2nd vs July 9th (US Drought Monitor) 

Yellow = Abnormally Dry, Tan = Moderate Drought, Orange = Severe Drought

MN Scab Risk Model (http://mawg.cropdisease.com/) 48-hour forecast

MN Crop Progress Report (USDA) July 13th (USDA)   

 

  • HRS 94% Headed, 19% Turning Color (4 days behind normal)  
  • HRS Crop Condition – 3% Very Poor, 3% Poor, 18% Fair, 66% Good, & 10% Excellent
  • Top Soil Moisture – 2% Very Short, 7% Short, 76% Adequate, & 15% Surplus 
  • Sub Soil Moisture – 1% Very Short, 6% Short, 80% Adequate, & 13% Surplus 

 

 

Wheat Harvest 2020 (Erica Oakley, US Wheat Associates)

 

  • Favorable weather conditions have allowed HRW harvest to wrap up in Texas and Oklahoma and make significant progress in Kansas, Colorado and Nebraska. For SRW, harvest is done in nearly 80% of the sampling region. The HRS and northern durum crops ratings have improved with recent rainfall. In the Pacific Northwest, SW harvest is just underway in the drier areas.

 

US Wheat Price Report (Claire Hutchins)

  • USDA reduced its 2020/21 estimates for total global wheat production and total global wheat ending stocks which supported all wheat futures prices week-over-week.  CBOT September soft red winter (SRW) futures jumped 42 cents on the week to end at $5.34/bu. KCBT September hard red winter (HRW) futures gained 18 cents to close at $4.52/bu. MGE September hard red spring (HRS) futures added 16 cents to end at $5.26/bu. CBOT September corn futures lost 6 cents to close at $3.37/bu. CBOT September soybean futures fell 4 cents to end at $8.85/
  • Commercial Sales: This week’s commercial sales of 326,000 MT for delivery in 2020/21, through July 2, were down 21% from last week’s 414,000 MT but in line with trade expectations of 200,000 MT to 550,000 MT. Year-to-date commercial sales for delivery in 2020/21 total 7.56 MMT, 1% ahead of last year’s pace. USDA expects all 2020/21 U.S. wheat exports will total 25.9 MMT, down 2% from 2019/20, if realized.

 

  • US Wheat Full Supply & Demand Report:

 

 

NAWG Legislative Update (Caitlin Eannello)

  • NAWG Signs on to Coalition Letter re Additional COVID-19 Funding

On July 9, 2020, NAWG joined several agriculture organizations in sending a letter to Senate and House leadership regarding additional COVID-19 aid. In the letter, the groups state that “as Congress develops and debates additional bipartisan legislation in response to COVID-19 and the resulting impacts to workers and the economy, the economic losses persisting across U.S. agriculture must be addressed in the legislation and in future assistance provided by USDA. The economic losses across the U.S. agriculture sector are broad‐based, directly impacting farmers and ranchers and their supply chain partners – from input providers to end users.” Read the letter in its entirety here.

  • House Appropriations Committee Passes FY21 Ag Bill

The House Appropriations Committee voted to advance its version of a Fiscal Year 2021 Agriculture Appropriations bill. This bill includes several NAWG and NWIC’s research priorities, including funding for the U.S. Wheat and Barley Scab Initiative, Small Grain Genomics, Soft Wheat Falling Numbers Test Research, Crop Degradation, and the Genome to Phenome program. Additional resources were also allocated for U.S. Food Aid Programs and Farm and Ranch Stress Assistance Network. While the Senate has yet to unveil its version of a FY2021 Agriculture Appropriations bill, it has been reported the full House of Representatives could vote on this bill in late July.

  • U.S. Wheat Organizations Welcome USMCA Entry into Force

On July 1, 2020, the U.S.-Mexico-Canada Agreement (USMCA) crossed its final hurdle to entry as the three countries certify the agreement’s “entry into force.” This final step means that all required legislative and regulatory changes needed to implement the agreement have been put into place or are scheduled to take effect. Read NAWG’s and U.S. Wheat Associates’ joint release here: https://bit.ly/2YOhV29. 

  • Farmers for Free Trade: USMCA Roundtable

On June 30, 2020, one day prior to the U.S.-Mexico-Canada Agreement (USMCA) entered into force, a virtual roundtable was hosted by Farmers for Free Trade to discuss the importance of USMCA to farmers, rural communities and ag exports. The roundtable was comprised of 12 participants including Dave Milligan, President of the National Association of Wheat Growers President. Milligan commented on the importance of our trade relationship with Mexico as one of the largest purchasers of U.S. wheat, as well as the improvements to the wheat quality grading system in Canada that will be implemented in USMCA.