Market Matters Blog
Katie Micik DTN Markets Editor

Wednesday 08/27/14

Is Tuesday's Minneapolis Cash Trade a Sign of Things to Come?
Tuesday's U.S. spring wheat trade saw basis levels for high protein milling wheat gain as much as $1.75/bushel, a sign that protein is potentially poised to be a growing issue.[Read Full Blog Post]
Posted at 5:19PM CDT 08/27/14 by Cliff Jamieson | Post a Comment
Comments (1)
This is interesting with OK State's Kim Anderson saying; "Reports indicate that the average hard red winter (HRW) wheat protein in Texas, Oklahoma, and Kansas is about 14 percent. Millers report that 14 percent protein HRW wheat is an unprecedented problem. Reports indicate that the nearest acceptable protein wheat (in large quantities) is in northwest Nebraska. The protein premium is inverted as lower protein HRW wheat has higher demand than relatively high protein HRW wheat." It seems this price inversion of lower protein HRW wheat might keep HRW wheat out of the feedlot in the South - maintaining corn demand. Currently, it seems the premium for high protein wheat; not a discount for low protein, along with the sever discounted basis for corn should/might also keep wheat from returning to the feed channels in the North. Some diseased SRW will be fed but the level of inclusion in the ration is limited because of animal health issues. As it now looks, wheat will not replace corn (to a great degree) in feeding rations- as least in the US. Freeport, IL
Posted by Freeport IL at 8:35AM CDT 08/29/14
Blog Home Pages
August  2014
S M T W T F S
               1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31                  
Subscribe to Market Matters Blog RSS
Recent Blog Posts
  • A Demand Optimist
  • Elevator Manager: Fall Harvest Could Be "Complete Disaster" Without Rail Cars
  • A Full Notebook
  • Is Tuesday's Minneapolis Cash Trade a Sign of Things to Come?
  • SD Shipper: "No Train, No Grain"
  • StatsCan Reports Canadian Production to fall Below Expectations
  • Rail Backlogs Continue
  • Harvest Storage, Transport Worries
  • Merchandising Makes Money Once Again
  • Upper Mississippi River Closed Again
  • Dread Grows as Harvest Nears
  • Imaginary Numbers
  • Grain Shippers Worry Upcoming Harvest Will Put Railroads Further Behind
  • Winning at the Waiting Game? Not in Ag Commodities
  • Eight Locks and Dams Still Closed; St. Louis Rises Above Flood Stage
  • Informa Pegs Corn Yield at 165 BPA, Soybeans at 44.5 BPA
  • Reports Revive Old Questions
  • Heavy Rains in the Upper Midwest Hampering Rail and Barge Traffic
  • Spring Rains Forced Some Regions to Switch Acres to Soybeans
  • Meal Did What???