MN Wheat Weekly Update
USDA Weekly Crop Progress Report (MN) –
Click Here for Full Report
- 54% HRS Colored – 10 days ahead of avg.
- HRS Conditions: 11% Very Poor, 22% Poor, 39% Fair, 27% Good, 1% Ex.
- Top Soil Moisture: 27% very short, 49% short, 24% adequate, & 0% surplus
- Sub Soil Moisture: 26% very short, 50% short, 24% adequate, & 0% surplus
Market Update Meeting
The ND Wheat Commission is hosting a virtual pre-harvest wheat market update on July 19. The schedule of speakers is below. While the last speaker might be more North Dakota focused, most of the emphasis will be placed on spring wheat and durum markets in general. Registration can be found here https://zoom.us/webinar/register/WN_F_2flal8Q-6lwMJfmnCj9A and full details are on our website https://ndwheat.com/events/MidseasonWheatMarketingUpdate/.
July 19 Agenda – 9:00-10:30 a.m. CST
Welcome – Brief Crop Update
North Dakota Wheat Commission Staff
Mike Krueger, The Money Farm
WORLD MARKET OUTLOOK – factors affecting current market situation and what to watch for as harvest approaches
Brian Liedl, Director of Merchandising, United Grain Corporation
2021 U.S. HARD RED SPRING WHEAT OUTLOOK – factors driving prices, export prospects, supply and demand situation
Levi Hall, Grain Division Manager, Horizon Resources, Williston, ND
DURUM 2021 OUTLOOK – will the hot growing season lead to hot markets?
SPOTS AVAILABLE in the MN Wheat Golf Event in Red Lake Falls!
Thursday, July 22, 2021
Oak Knolls Golf Club, Red Lake Falls
1:00 – 4:00 pm
Limited to the first 36 registered golfers
** Awards, social and light meal will be served at the end of play.
Join us for the MAWG Shoot Out
Tuesday, August 10, 2021
The Minnesota Association of Wheat Growers would like to invite you, growers and industry representatives from the region, to join them for a fun afternoon of shooting clays while getting to know others. Experts, novices and beginners are all welcome! If you don’t have a shotgun but would like to participate, just let us know. Shootout participants will be treated to an afternoon of fun, food and shooting enjoyment, with each person shooting at over 50 clay pigeons from 13 different stations. There will be contests and awards that will make the day a memorable one. It’s a great way to have fun, network with others, and to get some shooting practice in before the fall hunting season.
The Shoot out will take place at the Northwest Sporting Clay Association in Thief River Falls, MN. The course is along the sand ridge northwest of Thief River Falls. It offers stations that are in mature stands of oak trees and along rolling slopes of the sand ridge as well as in a converted gravel pit. There are also a couple of open field stations that will get you ready for upland game hunting. Northwest Sporting Clay Association course has 13 different stations including: Right to Left Crossing, Left to Right Crossing, Rabbit and Bird Mini’s, Going Away, Coming at You, and closed woodland and open fields.
The Northwest Sporting Clay course is 3 miles North of Thief River Falls on Hwy 59, then 1.5 miles West. (Roads will be marked).
Please join us Tuesday, August 10, 2021. Registration starts at 1:30 p.m. with the Shootout to follow at 2:30 p.m.
Your evening will wind down with a social and wonderful supper. Don’t forget about the awards!
Registration is $70.00 per person. To Register, contact Marlene Dufault 218-686-3221 or e-mail at email@example.com
COMPANY SPONSORSHIP OPPORTUNITY
Treat your valued customers to a fun afternoon and great dinner at the MAWG Shootout. Your company sponsorship of $600 entitles you to bring 10 people to the Shootout. Your company and logo will be identified as a sponsor in all promotional materials.
US Wheat Associates, Weekly Price Report – Michael Anderson
- All futures prices were down this week as harvest accelerated in some states and welcome rain fell in the Northern Plains states. CBOT soft red winter (SRW) futures shed 37 cents to close at $6.08/bu. KCBT hard red winter (HRW) futures were down 12 cents to end at $5.99/bu. MGE hard red spring (HRS) futures lost 50 cents to close at $8.13/bu. CBOT corn futures fell 68 cents to end at $6.29/bu. CBOT soybean futures shed 47 cents to close at $14.04/bu
- Commercial Sales: View the most recent USW Commercial Sales report here.
- This week’s U.S. wheat commercial sales of 290,800 metric tons (MT) were up 29% from last week’s 226,300 MT and on the low end of trade expectations of 200,000 MT to 450,000 MT. Marketing year-to-date commercial sales for delivery in 2021/22 total 6.6 million metric tons (MMT), 11% lower than last year. USDA expects total 2021/22 U.S. wheat exports will reach 24.5 MMT, 9% lower than last year, if realized
U.S. Drought Monitor
Another week of hot, dry weather in the Pacific Northwest (PNW) and Northern Plains led to an expansion of drought conditions for those areas. At the same time, wet weather in the Midwest left much of the region drought-free except for Minnesota. In the Plains states, parts of Wyoming, the Dakotas, and Nebraska received rain, improving conditions, but areas of drought expanded in places that missed out on the rain. The USDA reported 92% of South Dakota and 76% of North Dakota topsoil moisture short to very short, leading to stunted crop growth. In the northwest, a week of exceptionally hot weather continued to dry out soil and lower crop conditions. In Washington, 84% of topsoil is short or very short of moisture. Idaho and Montana also saw conditions degrade with areas of drought expanded. Montana received less than 25% of average precipitation in June, usually its rainiest month.
Figure 2.1: July 1
Figure 1.2 – July 8th
Weekly Harvest Report (Erica Oakley)
- Despite delays due to rain and humidity, HRW harvest is now progressing in 8 states with 188 samples in the lab for testing. With favorable weather, the SRW harvest is nearly 80% complete. The PNW continues to trend hot and dry as harvest begins on SW winter wheat. The HRS crop continues to mature at a faster than normal pace as the region struggles with prolonged drought. The northern durum growing region also needs rain. Click Here for Full Report
Carbon Credit Resource
Ohio Corn & Wheat
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