The Weekend Wheat News

Wheat outlook and news


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Grant Given to Cornell to Fight Wheat Disease

Bill and Melinda Gates Foundation awards Cornell $26.8 million.

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US Wheat Review: Up On Short-Covering; MGE May Rises Limit

U.S. wheat futures ended higher Friday on technical buying and short-covering, with the nearby Minneapolis Grain Exchange contract closing limit-up for the third consecutive day.

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Strength in beans and wheat could not rally corn

Wheat opened higher and closed sharply higher. Minneapolis wheat was limit up again and synthetically trading another $1 higher. This carried the HRW and SRW contracts sharply higher on the day.

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Wheat planting up; corn down

The release of the 2008 U.S. Department of Agriculture prospective planting report this week shows wheat acreage up and corn acreage down, which led at least one analyst to predict corn rationing.

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Triticum Mosaic Virus adds new wrinkle to wheat disease picture

Kansas wheat producers needing another reason to control volunteer wheat have a new reason for consideration. First found by Kansas State University researchers in 2006, a newly discovered virus affecting wheat was officially recognized and named Triticum Mosaic Virus in 2007.

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Wheat Jumps on Weather Concerns

Wheat prices shot up Friday as investors bet that a mix of wet and dry weather in wheat-growing U.S. states will damage crops and tighten supplies of the grain used to make bread, pasta and other foods.

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Wheat Acres

The USDA reported planting intention estimates on Monday, March 31. The highly anticipated report held little in the way of major surprises, but the current supply situation and high prices require market participants to look at this report with a great deal of scrutiny. While it appears the marketplace has quickly forgotten about the bearish aspects of the report, market participants will continue to measure factors such as domestic and global demand and weather problems against the potential wheat production set forth by this report.

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Wheat rated in mostly fair to good condition

Winter wheat was 9 percent pastured last week, with the crop rated in mostly fair to good condition.

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