Wheat harvest in Ukraine(Photo courtesy Ukrainian Analytical Agency UkrAgroConsult.)
If your roots are in someplace like central Nebraska, like mine are, you might have a sense of what it's like to think about putting wheat back in a crop rotation mix. In places where wheat hasn't been seen much for many years, the crop could be making a comeback, stepping in the middle of the corn vs. soybean fight.
There's been lots of good news for wheat prices lately. Last week, for example, Agriculture Online correspondent Louise Gartner reported on a "huge export sales number," 2.1 MMT, double the trade estimate, and the largest week's worth of sales since 1996. The sale was a "whopper," she said, and signals that buyers are "desperate for immediate needs."
Global conditions for wheat harvest were documented in a photo gallery we put together last week, World wheat snapshots. The images provide some further perspective on why wheat prices are on the rise now and why the crop is expected to compete next season for acres that were once surely destined for corn or soybeans.
2 comments:
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