cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Senior Advisor

Russian winter wheat crop looks poor.

A European organization touring the winter wheat areas estimated up to a 40% reduction due to winterkill in an area where spring varieties tend to do poorly.

 

The PNW wheat crop looks problematical. The very hot summer last year resulted in uneven emergence in deep furrow seeding in summer fallow areas. Much was either reseeded or delayed seeding later in the fall and has just lately emerged. Those fields deep drilled are usually quite patchy. The over or reseeded wheat is now coming up fairly uniformly but is tiny compared to normal. A few fields look blank, but not much compared to last year.

0 Kudos
4 Replies
Highlighted
Honored Advisor

Re: Russian winter wheat crop looks poor.

Yes, but the US crop, especially OK/KA, look fantastic. Which has a greater impact on the US price? :-)

 

Sorry Palouse, just feeling good this morning.

0 Kudos
Highlighted
Senior Advisor

Re: Russian winter wheat crop looks poor.

It all goes into the mix. The Russian and Ukranian crops have become the mainstay of Egypt and other price bottom feeders in the MIddle East. The quality is usually lower than most other sources. At the moment we have Egypt buying US HRW wheat because of the Russian embargo. Given the Russian's current economic issues that embargo may continue through next year.

 

Based on this I think global prices for traded wheat will benefit. Russia usually exports fast and furious in the fall and tapers off in the winter due to weather, etc.

0 Kudos
Highlighted
Senior Advisor

Re: Russian winter wheat crop looks poor.

Time, where are you getting your info on the KS/OK wheat crop conditions?

0 Kudos
Highlighted
Veteran Advisor

Re: Russian winter wheat crop looks poor.

The traders.....oh excuse me, the computers.