Curve(s) of Spring Wheat

Curve(s) of Spring Wheat

It has been awhile since there has been something exciting to talk about in the Minneapolis wheat market. 2017 was dramatic but provided average yields. 2018 much less dramatic and equally average yields. It really was one that had no story to tell, no fire to flame. So where does it go from here?

What Will North Dakota Do?
What was once predominately spring wheat country, the North Dakota landscape changed dramatically in my lifetime. Ethanol, drought, better genetics; the Corn Belt shifted north and west and deep into spring wheat country. Unlike much of the traditional Corn Belt, North Dakota lacks domestic demand for row crops. Granted, ethanol has boomed, but the livestock industry is of no comparison to the states further south. These regions depend significantly on exports.

For those in the Dakotas and Minnesota, I dont need to explain this situation any further. Basis. And it got bad. The question, however, is at what point will these newly minted soybean producers return back to more familiar spring wheat?

To find the full article, follow the link: http://intranet.zaner.com/uploads/bgrossman/2019/Curve(s)%20of%20Spring%20Wheat.pdf