As spring crop ratings plunged again last week and hard red winter wheat protein levels continue to be a concern, issues with wheat production outside of North America are also worsening.
As noted in the most recent crop progress report (see Ag Perspectives, 19 June), spring wheat crop ratings plunged again last week. They should decline again in next Monday’s report after another week with no rain across most of the northern Plains. The only good news was that temperatures were much cooler this week. The driest parts of southern Canada also stayed dry, including the primary durum production region. Yields are falling, but protein content should be high because of the drought stress. The chart below shows the current spring wheat ratings...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
