Tag Archives: wheat

Thursday brought about another strong day of gains in the grain market. Soybeans continue to hold well over the $10 mark. Looking at a continuous chart that puts soybeans back towards highs not seen since early 2018 before the US China trade war kicked off. Kyle Bumsted with Allendale Inc. believes this now give farmers a unique opportunity to go back and visit their marketing strategy. 2019 has been a year that farmers have seen plenty of government payments, but now the market seems to be giving opportunity to market at a profitable level.

Bumsted also gives strong insight into why the feeder cattle corn spread may be nearing it’s useful end. Rather feeders are looking at the cash difference between the fats getting on the truck and the lightweights coming off the truck. Finally there is the lean hog market that really caught fire on Thursday. Could it be starting to get top heavy or is there more room to go higher?

You can hear all of Bumstead’s comments here:

Mike Zuzolo, Global Commodity Analytics, joins the Fontanelle Final Bell on a turn around Tuesday in the ag commodity markets. Zuzolo highlights that today’s pullback was bound to happen sooner rather than later. Still in the soybean complex it’s good to see the July contract holding the strong physiological level of ten dollars. Now the question becomes can the current run of Chinese demand and South American production workout to allow the rally to continue. Zuzolo also breaks down the current buys being made by China and how they compare in the big picture of the Phase One Trade Deal.

In the second half of the program Zuzolo talks funds in the ag commodities and livestock. Cattle may be starting to hit overbought levels despite the fact cattle seasonally are in a slump after the Labor Day holiday. The conversation ends on the importance African Swine Fever still has on the markets.

Catch the full show here:

As expected USDA and the World Outlook Board lowered their predictions for US production of corn and soybeans. Soybean ending stocks were also reduced giving bulls there added incentive to continue buying. USDA also excluded 550,000 acres of corn in Iowa due to the derecho wind event.

Wheat may be the biggest loser on the day with USDA raising it’s estimate of Australian production. US and global stocks also appear to be plentiful for wheat.

 

 

US Corn & Soybean Production 2020 Millions of Bushels September Average Range USDA August USDA 2019
Corn 14,900 14,833 14,625-15,095 15,278 13,617
avg. yield 178.5 177.7 174.8-181 181.8 167.4
Soybeans 4,313 4,286 4,192-4,391 4,425 3,552
avg yield 51.9 51.6 50.5-52.9 53.3 47.4
US 19-20 Stock Pile Millions of Bushels September Average Range USDA August
Corn 2,253 2,271 2,128-2,756 2,228
Soybeans 575 605 561-664 615
US 20-21 Stock Pile Millions of Bushels September Average Range USDA August
Corn 2,503 2,439 2,152-2,697 2,756
Soybeans 460 461 379-576 610
Wheat 926 926 900-948 925
World Stockpiles19-20 Million Metric Tons September Average Range USDA August
Corn 309.2 311.7 309.1-317.5 311.3
Soybeans 96 95.6 94-96.5 95.9
Wheat 299.8 302.8 299-316.8 300.9
World Stockpiles 20-21 Million Metric Tons September Average Range USDA August
Corn 306.8 310.4 304-317 317.5
Soybeans 93.6 93.2 89.5-100 95.4
Wheat 319.4 316.1 313.1-319 316.8

Sam Hudson with Cornbelt Marketing joins the Fontanelle Final Bell as the markets get back to work after the Labor Day holiday. In the grains they essentially picked up where they left off last week. Soybeans notched their 11th consecutive higher close. The rally partially driven by strong Chinese demand. However Hudson is cautious to ride the Chinese demand bull to far because China has spoken for a lot of grain, but has not taken a lot of delivery yet.

Hudson also covers how the current moisture and cool temperatures could impact markets. Overall he expects the impact to be negligible as the moisture may be a little to late and frosty temperatures not too damaging.

Catch the full episode here:

  • Production estimates came out on Monday
  • Inflation aspect of the markets & how the dollar plays into it
  • South America the planting season starts this month
  • Will they get rain…South America & the Black Sea Region?
  • LA Nina is strengthening-what does that mean for winter wheat guys
  • Winter talking cold but will there be moisture

 

  • Full moon
  • Higher grains
  • China in the markets
  • Wheat saw a strong trade
  • Crop progress report
  • Weather concerns for winter wheat & spring wheat
  • Markets-are they waiting for proof on the harvest numbers?
  • Bearish feel to the corn-could that be a boost for cattle?

  • Cooler weather
  • Setting crop insurance on HRW
  • Corn & bean rally
  • Pull back in the markets today-was that surprise?
  • Cattle market thought of an ugly day…but finished higher on the feeder cattle
  • Short term low in place
  • Box beef lower Friday & Monday-seasonally shouldn’t be surprising
  • Demand how much more do we have with the college games etc being taken away

MANHATTAN, Kan. – Kansas State University researchers have released findings of a study to identify the best-performing varieties when producers are growing wheat for grain and grazing, known as a dual-purpose system.

K-State Research and Extension wheat specialist Romulo Lollato said he and his colleagues tested 28 wheat varieties at the South Central Experiment Field near Hutchinson – simulating grazing the crop in the winter and early spring and harvesting grain in the summer – to determine how the performance of different wheat varieties compared when managed under the dual-purpose system versus a grain-only system.

Their results are now available in a publication available from the K-State Research and Extension bookstore.

“The three most important things that we need to keep in mind when selecting a wheat variety for a dual purpose system are fall forage production, the date of the first hollow stem and how varieties respond to grazing stress,” Lollato said.

The yield potential of fall forage is important because it affects the potential beef production from cattle grazing wheat in the fall, winter and spring. Lollato said approximately 100 pounds of beef can be produced for every 1,000 pounds of dry matter, wheat forage production in an acre.

The date of the first hollow stem will determine when producers should stop grazing cattle. Grazing past the first hollow stem can decrease the following spring’s wheat yield by as much as 1% to 5% per day, Lollato said.

How well wheat varieties respond to stress often shows up in its’ grain yield following grazing, as compared to the ungrazed counterparts.

“The recovery of wheat varieties from grazing is very specific to the variety,” Lollato said.

He said that one trend researchers found in their study is that wheat yields in a grain-only system might not necessarily indicate how a variety would stack up in a dual-purpose system.

“What we saw this year is typically what we see year in and year out,” Lollato said. “Sometimes in the dual purpose situation, we have different varieties showing up toward the top (of the wheat yield rankings). The potential to bounce back from grazing is showing up whenever we look at the ranking of those varieties in the dual purpose situation.”

For example, Lollato said a few varieties were among the top yielding group in both grazed and ungrazed scenarios, including Rock Star (a Polansky variety) and two Westbred varieties, WB4269 and WB4699.

“When evaluating the grazed plus grain group only, other varieties, including a few from Oklahoma State University, also appeared in the top yielding group, showing that those varieties might be better suited for the dual-purpose system,” he said.

The researchers tested several varieties grown in Kansas and the surrounding region, including varieties from Oklahoma. The new publication outlines those varieties that are expected to be the best candidates for a dual-purpose system, based on being exposed to grazing stress during the early stages of development.

Lollato also has posted the publication and other updates regarding Kansas wheat production on Twitter; search for @KSUWheat.

CHESTERFIELD, Mo. — The Soil Health Partnership is dedicating three days to wheat’s role in soil health during Wheat Week September 8-10, 2020. Each day will consist of a virtual field day that begins at 9:00 am Central Time.

“We have partnered with several organizations, along with farmers in Minnesota and Kansas, to spotlight the unique benefits of wheat,” said Anna Teeter, SHP Minnesota Field Manager. “Diversifying crop rotations with a small grain like wheat can provide opportunities to expand conservation practices.”

The first day will focus on why and how wheat industry groups are investing in soil health and striving for sustainability. Day two will feature SHP partner farmers in Kansas, Justin Knopf and Mike Jordan. Day three includes SHP partner farmers in Minnesota, Glenn Hjelle and Trinity Creek Ranch.

This provides the opportunity to hear from growers who have experienced challenges in their operations and are incorporating effective soil health practices to mitigate them, as well as how growers persevere with conservation practices in diverse growing conditions.

“Holding this virtually allows us to have impactful conversations with growers looking for guidance on soil health practices well beyond our area,” said Keith Byerly, SHP Kansas & Nebraska Field Manager. “When it comes to soil health, we find that while the practice may be different, the principle is still the same. So, no matter the region you farm, there are beneficial takeaways.”

To register for one or all three days go to: https://www.soilhealthpartnership.org/events/. If you cannot attend the live event, still register for access to the recording of the field day.

  • Lock in lower prices…you might be feeding a bit
  • Weaning calves early…more expense
  • Need to buy hay
  • Cattle on feed numbers
  • Cutouts have been working on almost 13 sessions to the positive
  • Packer still have the commitment to large strings
  • Hogs saw some positive trade
  • Quiet across the board for the most part
  • Soybeans were looking for another export announcement coming from the weekend
  • Weekly crop progress report
  • Dry/hot weather
  • What happened in the drop for wheat?