Story out last week from the board commenting
how producers are not moving to high yield feed
wheats but have chosen to stay with higher valued
milling wheats. What this points out is that as long
as the board remains in control of all export wheat,
they will make sure that the spread remains. On a
year like this there should be excellent
opportunities to move feed wheat into the U.S. at
good values which would narrow the spreads
between feed and milling. Given the opportunity on
my farm I would much rather grow high yielding
feed grade wheats where I could lock in a good
value prior to seeding. I am in a marginal HRS
wheat production area so doing the same with
milling wheat is much more difficult. The board still
seems to be feeling the threat of eroding milling
wheat acres in the post KVD era. If the board wasn't
in place we would likely see a much different
production dynamic happening. Till then we will
have to put up with the board slant with them
handling all the trump cards.
how producers are not moving to high yield feed
wheats but have chosen to stay with higher valued
milling wheats. What this points out is that as long
as the board remains in control of all export wheat,
they will make sure that the spread remains. On a
year like this there should be excellent
opportunities to move feed wheat into the U.S. at
good values which would narrow the spreads
between feed and milling. Given the opportunity on
my farm I would much rather grow high yielding
feed grade wheats where I could lock in a good
value prior to seeding. I am in a marginal HRS
wheat production area so doing the same with
milling wheat is much more difficult. The board still
seems to be feeling the threat of eroding milling
wheat acres in the post KVD era. If the board wasn't
in place we would likely see a much different
production dynamic happening. Till then we will
have to put up with the board slant with them
handling all the trump cards.
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