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MN Wheat Weekly Wheatsource

MN Wheat Weekly Wheatsource

MN Wheat Weekly Update

MN Crop Progress Report (USDA) September 8th (USDA)   

  • Harvest 94% Complete – 16 days ahead of last year, 2 day ahead of avg.
  • Top Soil Moisture – 3% Very Short, 10% Short, 77% Adequate, & 10% Surplus
  • Sub Soil Moisture – 3% Very Short, 11% Short, 77% Adequate, & 9% Surplus

Wheat Harvest 2020 (Erica Oakley, US Wheat Associates)

  • The HRW harvest has officially wrapped up as samples continue to be analyzed in the lab. SW harvest is progressing under hot, dry conditions and data continue to reflect low protein, low moisture, and good test weight. HRS harvest is nearly 80% complete and this year’s crop currently grades at U.S. No. 1 Northern Spring. The first northern durum samples are in with data reflecting an improved crop over 2019. The final 2020 SRW crop report is complete and available online at

US Wheat Price Report (Claire Hutchins)

  • All wheat futures prices ended higher on the week due to short covering and technical buying. CBOT soft red winter (SRW) futures added 1 cent to end at $5.40/bu. KCBT hard red winter (HRW) futures gained 13 cents to close at $4.74/bu. MGE hard red spring (HRS) futures ended 6 cents up at $5.25/bu. CBOT corn futures added 1 cent to close at $3.47/bu. CBOT soybean futures gained 19 cents to end at $9.69/bu.

Commercial Sales

  • This week’s commercial sales of 585,000 metric tons (MT) for delivery in 2020/21, as of Aug. 27, were down 23% from last week’s 764,000 MT but on the high end of trade expectations of 350,000 MT to 600,000 MT. Year-to-date commercial sales now total 12.5 million metric tons (MMT), 9% ahead of last year’s pace. USDA expects the United States will export 26.5 MMT of wheat in 2020/21, up 1% from last year, if realized.

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

Industry News – MN Farm Bureau Federation Weekly Update Clippings

  • Shop Talk featuring Governor Walz and Commissioner Petersen

The last week of the scheduled Shop Talk webinars is Thursday, September 3rd which will be the “State of Minnesota Agriculture” featuring Governor Tim Walz and Minnesota Dept. of Agriculture Commissioner Thom Petersen.

Join via Zoom:

Or join via phone:

Dial in: 312-626-6799

Webinar ID: 863 6700 0487

When you join us, you will not be on audio or on camera but there is still an opportunity to ask questions!

  • TransFARMation  

Prompted by the many sources of stress currently impacting farmers and ranchers, the Minnesota Department of Agriculture and the Red River Farm Network have joined forces to create a new radio and podcast series called TransFARMation.