IDAHO WHEAT COMMISSION
Featured Idaho Wheat News
The most relevant industry news curated specifically for Idaho’s wheat growers.
Let's talk about Seasonal Affective Disorder (SAD)Read More
Wheat Hit Hard During Recent Commodity Sell-OffRead More
BASF Puts the Brakes on Hybrid Wheat Development in North AmericaRead More
Let's talk about Seasonal Affective Disorder (SAD)
SAD is a type of depression that is related to changes in seasons. Symptoms start in the fall and continue through the winter months. With more than 3 million cases per year in the U.S., SAD is very common. YOU are not alone in this. For people who work in the sun and soil, long winters are hard. SAD can last several months and even years, but can be treated by medical professionals. Less exposure to sunlight confuses your internal clock and causes the chemicals in your brain to get out of balance, causing SAD. Being vitamin-D deficiant can also cause some to struggle with SAD.
USDA Forecasts a Drop in Net Farm Income in 2023
U.S. farmers and ranchers , as a whole, are expected to see a significant drop in farm income this year. USDA, in its 2023 Farm Sector Income Forecast, is forecasting that total U.S. net farm income will decline by 16 percent, or $26 billion in 2023, when compared with 2022.
Is the U.S. Becoming Less Competitive in Growing Wheat?
The same week as Brazil became the second country to approve the planting of GMO wheat, BASF announced it’s halting work to develop hybrid wheat in North America. The move is one the National Association of Wheat Growers (NAWG) fears could ultimately drive more wheat acres out of the U.S., unless more public and private investments into research and development are made.
USDA Pegs U.S. Wheat Harvested to Planted Ratio Lowest Ever
At the last USDA Ag Outlook Forum (AO), department economists indicated of the three main crops, wheat area is projected to increase the most in response to continued high global prices and tight U.S and global supplies, partially due to the ongoing war in Ukraine. Total wheat planted area for 2023/24 is projected at 49.5 million acres, up nearly 3.8 million acres from last year and the highest wheat area since 2016/17.
Wheat Hit Hard During Recent Commodity Sell-Off
As the end of February approached, there were unfortunate sell-offs in the markets, and not just wheat, but across all commodities. “Wheat has probably dropped the hardest,” said Jim Peterson, market director for the North Dakota Wheat Commission, explaining that February can be one of those periods when the market starts shifting into the 2023 outlook and moving off of old crop as one of the reasons for the sell-off. In other news, USDA held its outlook conference the third week in February and projected a pretty good rebound in corn acres and also wheat.
Ample Wheat Supplies May Get Another Boost From Canadian Farmers
One of the world’s top wheat exporters is poised to add to an already abundant breadbasket. Acres of non-durum wheat in Canada could rise as much as 7.3% in 2023 as growers shift acres away from oats and pulses, said Neil Townsend, chief market analyst at FarmLink in Winnipeg, Manitoba.
Ukraine Does Not Plan to Curb Wheat Exports
Ukraine sees no need to limit wheat exports for the upcoming 2023/24 July-June season, as the winter harvest looks to be larger than expected, albeit smaller than in peacetime, a top agriculture ministry official said. Ukraine was the world's fifth-largest wheat exporter before the war with Russia, and its shipments were especially important to poor countries in Africa and the Middle East. Based on results collected by the Ministry of Agrarian Policy and Food as well as satellite images, farmers planted more wheat in southern areas than the ministry had forecast in autumn.
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