Wheat articles this morning...
"....dynamics would appear to leave the UK facing hefty wheat imports in 2013-14 too."In January, Germany once again topped the bill as the origin of UK wheat imports, topping 100,000 tonnes for a second successive month, although purchases from Canada, another source of high protein milling wheat, fell back to 20,836 tonnes.
In December, UK imports from Canada topped 55,000 tonnes.
Imports from France, a source of softer milling wheat, were unusually high in January, reaching 61,393 tonnes, more than double the December figure.
Given the uncertainties that still exist regarding 2013 wheat production prospects in the U.S. central and southern plains for hard red winter wheat, and also for other major World wheat exporters such as Australia, Argentina, and the Black Sea Region countries, U.S. wheat prices in 2013 are likely to continue to remain high through at least the winter and early spring months. Extremely tight U.S. corn supplies through at least late spring-early summer 2013 are also likely to provide cross market support for 2013 wheat prices.
With risky prospects for U.S. winter wheat growing conditions in the western plains, the following analysis estimates that there is a 25% chance of a short wheat crop in the U.S. for the 2012/13 marketing year, along with a 65% probability of an average crop and a 10% probability of a large crop. If a short wheat crop in the U.S. is combined with short wheat crops in other major World wheat exporters, then the increase in U.S. wheat exports that would likely occur could reduce U.S. wheat stocks-to-use levels down to near or even below record lows
"About 61 percent of the country is mired in a dry spell that the government says will last at least until March in states growing the most winter wheat," Bloomberg reports. In Kansas, the heartland of US wheat production, the problem is particularly bad—the entire state is in drought. Winter wheat goes dormant during the winter months before resuming growth in the spring, so it's still too early to say what the effect will be on crop yields. But in some places, damage is already severe. Rosie Meier, a grain merchandieser at the Great Bend Co-op in Great Bend, Kansas, told Bloomberg, "About 30 percent of the winter wheat in central Kansas has already failed, with further damage likely unless there is rain."
What farmers in North America are currently saying
http://www.agweb.com/blog/Virtual_Wheat_Tour_234/ It should get updated soon.
But then I get reports that India, the US , the 'stans, Ukraine, Australia are doing fine in their wheat.
Cedar
** I am bookmarking
http://www.uswheat.org/reports/harvest for this summer so I can find it again
