Weekly Export Sales Report from USDA: August 23, 2018

This report is based on individual reports submitted by private exporters and identifies outstanding sales and accumulated exports of selected U.S. agricultural commodities.  The report is published weekly, normally on Thursday morning at 8:30 A.M.

A PDF file of the complete report is linked below.  For more information you may visit: www.fas.usda.gov/programs/export-sales-reporting-program.

For a schedule of upcoming FAS reports, please visit www.fas.usda.gov/data-analysis/report-release-calendar.

Wheat petite: China's wheat output set to drop sharply in wake of bad weather

BEIJING (Reuters) - China’s wheat output could drop as much as 20 percent this crop year after bad weather hit fields in major growing areas, likely boosting imports by the world’s top producer and consumer of the grain, traders and an analyst said.

From: https://www.reuters.com/article/us-china-wheat-output/wheat-petite-chinas-wheat-output-set-to-drop-sharply-in-wake-of-bad-weather-idUSKBN1JH06O

Whether wheat weathers heat waves

Computer models help predict plants' response to challenging temperature

A heat wave sweeps through a city and people swelter, running indoors to find air conditioning. But crops out in a field aren't so lucky. For them, there is no escape.

Scientists in Australia are working to understand how heat waves impact wheat. They are mixing observational studies with techniques from computer science. This will allow them to create models to understand how wheat will respond in certain conditions.

From Science News Daily: https://www.sciencedaily.com/releases/2018/06/180620094749.htm 


Market News

Wheat prices recovered Wednesday as buyers snapped up contracts in an oversold market and are now looking to profit from a rebound in sentiment. The day was dominated by wheat’s more than 2% gains as corn prices and soybean prices were up marginally.

It’s difficult to say that prices have reached a bottom in the wake of President Trump’s ongoing tariff tantrum. With that in mind, let’s take a look at grain prices at the Chicago Board of Trade.

From: https://farmlead.com/blog/grain-markets-today/june-20-wheat-prices-pop-market-looks-for-bottom/


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