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MN Wheat Weekly Wheatsource

MN Wheat Weekly Wheatsource

MN Wheat Weekly Update

Drought Monitor August 6th vs August 13th (US Drought Monitor)

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


MN Crop Progress Report (USDA) August 16th (USDA)   

  • Harvest 31% Complete – 6 days ahead of last year, 6 day behind normal
  • HRS Crop Condition – 2% Very Poor, 4% Poor, 18% Fair, 64% Good, & 12% Excellent
  • Top Soil Moisture – 2% Very Short, 12% Short, 73% Adequate, & 13% Surplus
  • Sub Soil Moisture – 2% Very Short, 8% Short, 81% Adequate, & 9% Surplus

NCI Webinar – Navigating Change & Building Resilience in Small Scale Ag Food Processing. 

  • August 26th , 9-10:30am CST
  • Guest Speakers – Guy Moos & Dennis Hoiberg
  • If you are interested in how to navigate your business through turbulent times, register to join us.

Wheat Harvest 2020 (Steve Mercer, US Wheat Associates)

  • The HRW harvest moved close to 90% complete this week with very good crop quality. The SRW harvest is complete with final quality results still to come. With close to half the SW crop in the bin, protein, moisture, and test weights are looking very good. HRS harvest advanced and northern durum harvest started this week. Heat and dryness brought down official condition and yield potential ratings but will push crop maturity and harvest this week.

Virtual September Marketing Seminar hosted by Minnesota Association of Wheat Growers and the North Dakota Grain Growers

As times change, so do we! Please join us for this virtual event. Presenters will be together at one location to maximize the delivery of their valuable information.  Your registration and participation is requested! Register today!

Speaker Lineup:

  • Crunching the Numbers – Betsy Jensen, Farm Business Management Instructor, Northland Community & Technical College
  • COVID, China and Confusion: 2020/21 Crop Market Outlook – Dr. Frayne Olson, Crops Economist/Marketing Specialist, NDSU
  • Ag Policy and Its Influence on Marketing -, Howard Olson, SVP Government & Public Affairs, AgCountry Farm Credit Services
  • Profits Through Intensive Marketing – Bret Oelke, Owner, Innovus Agra, LLC

MN Farm Suicide Survivors Support Group
An online group providing support to Minnesota farmers and farm families who have lost a loved one to suicide.  Group will be held the third Monday of each month from 8-9:30 pm.

  • Goal:  To give survivors a nonjudgmental, comfortable and completely confidential space to express themselves and find support among other farm family members who truly understand.
  • For more information contact:  Monica McConkey, Minnesota Rural Mental Health Specialist, or 218-280-7785.
  • Register here

US Wheat Price Report (Claire Hutchins)

  • Technical buying and a strong rally in corn futures supported all wheat futures prices week-over-week. CBOT soft red winter (SRW) futures added 4 cents to end at $5.00/bu. KCBT hard red winter (HRW) futures gained 10 cents to close at $4.25/bu. MGE hard red spring (HRS) futures added 3 cents to end at $4.97/bu. CBOT corn futures increased 17 cents to close at $3.24/bu. CBOT soybeans gained 31 cents to close at $8.97/bu.

Commercial Sales

  • This week’s commercial sales of 368,000 metric tons (MT) for delivery in 2020/21, as of August 6, were 39% less than last week’s 605,000 MT but in line with trade expectations of 250,000 MT to 800,000 MT. Year-to-date commercial sales now total 10.6 MMT, 8% ahead of last year’s pace.

NAWG Legislative Update (Caitlin Eannello)

  • USDA Releases August WASDE Report
    On August 12, 2020, the U.S. Department of Agriculture (USDA) released its August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) report. “The outlook for 2020/21 U.S. wheat this month is for increased production offset by lower imports, higher exports, and lower ending stocks. U.S. wheat production is raised 14 million bushels to 1,838 million as increased Hard Red Spring (HRS) and Durum production more than offsets lower winter wheat production as indicated by the NASS August 12 Crop Production report.”

Soil Health Partnership Collaboration

SHP Wheat Week, September 8-10. It will be composed of three consecutive virtual field days all focused around our wheat trials.

On day one we will get perspectives on soil health from our wheat industry partners. Then, on day two and three, attendees will hear from SHP farmer partners in Kansas and Minnesota to see the wheat trials they are implementing along with their challenges and goals for soil health on their operation.

Click here for details and to register.