Bumper wheat harvest ill-timed for U.S. farmers - Record-high yields are helping U.S. farmers to harvest a bumper crop of hard red winter (HRW) wheat, the most common variety here, but prices have tumbled as the world is awash in supplies. The quality of the crop is also causing headaches for flour millers, who may have to buy more expensive varieties or stretch out last year's stocks to increase the protein content enough to meet their product specifications. (REUTERS)
China effect' tricked the wheat market on Tuesday –Braun: China’s distortion of the global wheat balance sheet may have gone undetected on Tuesday, yet again, and wheat carryout may not be what it seems. When the U.S. Department of Agriculture released its monthly supply and demand forecast on July 12, market-watchers were expecting an increase in global carryout for all three major crops – corn, soybeans and wheat – in the 2016/17 marketing year, which has already begun for wheat. (REUTERS)
High temperatures, 'corn sweat' form dangerous heat dome over U.S. - The dog days of summer are hitting hard this year, and forecasters warn that some of the hottest temperatures of the season may sear a large portion of the United States this week. Very high humidity is expected to accompany the heat, especially in the Midwest, and that moisture -- combined with the high temperatures -- will create what's known as a "heat dome" over most of the country. Densely planted corn fields in the Midwest have been known to boost dew points -- an indicator that meteor-ologists use to measure the amount of moisture in the atmosphere -- to levels that are usually only found in the trop-ics. The corn crops pull moisture from the soil and some of that moisture escapes into the atmosphere, literally form-ing a very high "pool" of moisture. This can unfold on a grand scale in the Midwest, known as the nation's corn belt, leading to very high heat index values and misery for millions of people
China effect' tricked the wheat market on Tuesday –Braun: China’s distortion of the global wheat balance sheet may have gone undetected on Tuesday, yet again, and wheat carryout may not be what it seems. When the U.S. Department of Agriculture released its monthly supply and demand forecast on July 12, market-watchers were expecting an increase in global carryout for all three major crops – corn, soybeans and wheat – in the 2016/17 marketing year, which has already begun for wheat. (REUTERS)
High temperatures, 'corn sweat' form dangerous heat dome over U.S. - The dog days of summer are hitting hard this year, and forecasters warn that some of the hottest temperatures of the season may sear a large portion of the United States this week. Very high humidity is expected to accompany the heat, especially in the Midwest, and that moisture -- combined with the high temperatures -- will create what's known as a "heat dome" over most of the country. Densely planted corn fields in the Midwest have been known to boost dew points -- an indicator that meteor-ologists use to measure the amount of moisture in the atmosphere -- to levels that are usually only found in the trop-ics. The corn crops pull moisture from the soil and some of that moisture escapes into the atmosphere, literally form-ing a very high "pool" of moisture. This can unfold on a grand scale in the Midwest, known as the nation's corn belt, leading to very high heat index values and misery for millions of people
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