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MN Wheat Weekly Wheatsource

July 8, 2020

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MN Wheat Weekly Update

Drought Monitor June 25th vs July 2nd (US Drought Monitor)

Yellow = Abnormally Dry, Tan = Moderate Drought

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

MN Crop Progress Report – July 6th (USDA)

· HRS 85% Headed, 6 days ahead of last year, 1 days behind normal

· HRS Crop Condition – 3% Very Poor, 3% Poor, 17% Fair, 67% Good, & 10% Excellent

· Top Soil Moisture – 1% Very Short, 10% Short, 73% Adequate, & 16% Surplus

· Sub Soil Moisture – 1% Very Short, 7% Short, 79% Adequate, & 13% Surplus

Wheat Harvest 2020 (Erica Oakley, US Wheat Associates)

· The HRW harvest has progressed to the Kansas/Nebraska border. Overall, HRW sample results remain steady from last week. Harvest continues to progress in the SRW growing region with little to no change in test weight and protein. Much needed precipitation fell across the HRS and northern durum growing region. Conditions for the PNW SW crop remain good and test cutting in Oregon began this week.

· US Wheat Associates weekly harvest reports. Register here for their weekly updates…good information. § https://signup.e2ma.net/signup/1867039/1796110/

US Wheat Price Report (Claire Hutchins)

· A significantly lower U.S. corn planted area estimate and a slightly lower U.S. wheat planted area estimate between USDA’s March and June acreage reports supported all U.S. wheat futures prices week-over-week. September CBOT soft red winter (SRW) futures added 16 cents to end at $4.92/bu. September KCBT hard red winter (HRW) futures gained 6 cents to close at $4.34/bu. September MGE hard red spring (HRS) futures added 1 cent to end at $5.10/bu. CBOT corn futures added 24 cents to close at $3.43/bu. CBOT soybean futures gained 33 cents to end at $8.90/bu.

· US Wheat Full Supply & Demand Report: o https://www.uswheat.org/wp-content/uploads/2020/06/SD-200611-40th.pdf

 

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