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MN Wheat Weekly Wheatsource

MN Wheat Weekly Wheatsource

MN Wheat Weekly Update

Wheat Harvest 2020 (Erica Oakley, US Wheat Associates)

  • This is the final weekly report for SW harvest and indicates another No.1 SW wheat crop in 2020. The HRS harvest is winding down and northern durum harvest is more than 70% complete. HRS is currently graded at U.S. No. 1 Northern Spring (1 NS) and northern durum is grading at U.S. No. 1 Hard Amber Durum (HAD).

US Wheat Price Report (Claire Hutchins)

  • Technical buying and broader strength in the grains complex supported all wheat futures prices week-over-week. CBOT soft red winter (SRW) futures jumped 33 cents to close at $5.75/bu. KCBT hard red winter (HRW) futures ended 33 cents up at $5.04/bu. MGE hard red spring (HRS) futures gained 19 cents to close at $5.51/bu. CBOT corn futures added 10 cents to end at $3.78/bu. CBOT January soybean futures jumped 48 cents to close at $10/47/bu.

Commercial Sales

  • This week’s commercial sales of 336,000 metric tons (MT) for delivery in 2020, as of Sept. 10, were down 31% from last week’s 484,000 MT and on the low end of trade expectations of 300,000 MT to 700,000 MT. Year-to-date commercial sales now total 13.1 million metric tons (MMT), 7% ahead of last year’s pace. USDA expects the United States will export 26.5 MMT in 2020/21, up 1% from last year, if realized.

US Wheat Full Supply & Demand Report:

MN Crop Progress Report (USDA) September 22nd (USDA)   

  • Top Soil Moisture – 3% very short, 8%short, 83% adequate and 6% surplus
  • Sub Soil Moisture – 4% very short, 9% short, 80% adequate and 7% surplus

National Association of Wheat Growers (NAWG) Update (Caitlin Eannello)

NAWG Applauds USDA’s Decision to Include All Classes of Wheat Into CFAP

  • (September 18, 2020) – Today, the U.S. Department of Agriculture (USDA) announced a second round of coronavirus relief payments which extends eligibility to additional classes of wheat. The new $14 billion package now covers producers of all classes of wheat. These add to the durum and hard red spring (HRS) wheat classes which were covered under the first round of the Coronavirus Food Assistance Program (CFAP). More…

NAWG Lobbies Congress to Defend FIFRA

  • On September 14, 2020, NAWG joined several other agriculture groups in sending a letter to Congress stating their opposition to bills introduced by Senator Tom Udall (D-NM) and Representative Joe Neguse (D-CO) that would significantly alter the pesticide regulatory system.  In the letter, the groups state how “the Protect America’s Children from Toxic Pesticides Act of 2020 (H.R. 7940, S. 4406) misrepresents the science-based safety standards that are used to protect farmers, workers and the public.” Additionally, NAWG staff is doing a series of Hill meetings regarding this issue over the coming weeks.

Industry News (MN Farm Bureau Federation Weekly Impact Update)

Shop Talk Special Edition with U.S. Secretary of Agriculture Sonny Perdue

  • Join Minnesota Farm Bureau for a special edition of Shop Talk featuring USDA Secretary Sonny Perdue for a town hall to discuss issues impacting Minnesota farmers, ranchers and rural communities.

Thursday, September 24

12:00 p.m. (CST)

Join us via Zoom: or

Facebook Live: or

By phone: Dial-In: (312) 626-6799; Webinar ID: 892 1581 8941

When you join, you will be muted, and your camera will be off so please join us from wherever you are! 

Action Needed!

  • The Minnesota legislature is still negotiating how to address the bonding bill and tax provisions. It is critical that you reach out to your legislators now and make sure they act on fully conformity of Section 179 tax provisions! Click here to send a message to your legislator using the Minnesota Farm Bureau Action Alert Center.

The 2019 Minnesota tax bill enacted retroactive state income tax increases on many farmers and businesses by conforming to the Federal Tax Cuts and Jobs Act but did so without adoption of most of the federal offsets. Both the Governor and the legislature have said that Section 179 conformity is a priority but have not been able pass and sign a bill during the 2020 regular session and multiple special sessions over the summer.

During the July special session agreed upon language between the House and Senate included retroactive fixes to the tax hit some taxpayers experienced when they traded in equipment in 2018 and 2019 as well as full Section 179 conformity going forward. Time is running out in 2020 to get retroactive relief and full conformity passed.

Use the Minnesota Farm Bureau Action Alert Center to send a message to your state legislators to tell them to pass these important tax provisions now!

Click here to contact your state Representative and Senator!