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Tag Archives: wheat

HEAVY RAINFALL TARNISHES QUALITY OF ILLINOIS WHEAT CROP

Many wheat growers have seen decent yields across Illinois, but heavy rainfall late in the growing season diminished much of their crop’s value. Farmers have faced several problems including disease and poor quality wheat.

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WEATHER RALLY

Grain markets ripped higher Friday with our persistent and excessive wet weather pattern driving the shorts out of the markets.  For the week, corn has gained 32 cents, wheat 66 and beans 47.  

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SOUTHERN ILLLINOIS WHEAT

The Southern Illinois Wheat Tour concludes Thursday night in Brownstown.  Check FarmWeekNow.com for updates.

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WHEAT TOUR

Southern Illinois Wheat Tour Thursday, May 21 will be hosted by the Illinois Wheat Association. The tour will give producers an opportunity to make crop observations and make yield estimates of the 2015 winter wheat crop. Details at FarmWeekNow.com.

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CROP ACRES TO DECLINE

USDA forecasts that farmers will scale back plantings of the 8 major field crops by nearly 5% – a total of 12.3 million acres – over the next 5 years in response to sustained, lower commodity prices. The biggest cutbacks will be in wheat and soybeans.

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MORGAN STANLEY CUTS FORECASTS

Morgan Stanley cut its estimate for corn to $3.90 a bushel in 2014-2015 from $4.35 in October and for soybeans to $9 a bushel from $10.10, according to analysts Bennett Meier and Lee Jackson. Wheat was lowered to $5.40 a bushel from $5.75.

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FARMWEEK PREVIEW

Check out Monday’s FarmWeek and FarmWeekNow.com for stories on falling fuel prices, the progress of wheat seedings in Illinois, and who gets to decide on ARC/PLC

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DEADLINE APPROACHING

 Winter wheat farmers face a Sept. 30 deadline to sign up for Supplemental Coverage Option insurance, a policy they should consider buying just to keep their options open for commodity programs. The 2015 Crop Insurance Decision Tool is now available for download from the FAST section of farmdoc.

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ALLERGY-FREE NUTS

 Researchers at North Carolina A&T University are on the verge of leveling the playing field for millions who suffer allergies from peanuts and wheat.

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WHEAT STORAGE

CME Group says four grain companies have asked to increase by 12.6 million bushels the amount of wheat allowable in storage for delivery against CME’s benchmark futures contract. The requests come as farmers wrap up the SRW wheat harvest in the Midwest and commercial grain firms brace for a likely record-large corn and soybean harvest.

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