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Black Sea grain corridor, weather, and harvest pressure wheat prices

Russia’s unprovoked invasions of Ukraine sent already bullish wheat futures prices soaring earlier this year.  However, the first grain vessel to leave Ukraine since Russia’s February invasion set sail on Monday, August 1.

The ship, carrying 27,000 metric tons (MT) of corn bound for Lebanon, was able to sail nine days after Ukraine and Russia agreed to a deal brokered by the United Nations (U.N.) and Turkey. The news of the Ukrainian grain cargo’s safe arrival in Turkey sent Chicago Board of Trade wheat futures down more than 3% on August 2. Harvest across the northern hemisphere is another factor helping global wheat prices soften. However, the weather will play a crucial role in the weeks ahead. Hot weather could slash yields as it did in India this year. Too much rain could create quality issues.

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June 3, 2026
Idaho’s U.S. Senator Frank Church Wrote BPA’s Rulebook. It Demands Reliable Power, Too.
An opinion editorial written by Will Hart, executive director of the Idaho Consumer-Owned Utilities Association, and Kurt Miller, executive director of the Northwest Public Power Association.
April 7, 2026
Changing diets and demographics creating new opportunities for U.S. wheat
Rising incomes, growing populations, and rapid industrialization is creating increased demand for wheat foods around the world.
April 7, 2026
Idaho ag economic impact hits records
The economic impact of agriculture in Idaho reached $44.5 billion in sales, 17.2% of the state’s total economic output.
April 7, 2026
What is the Most Important Asset on the Farm?
How much time do you spend making sure your equipment is properly maintained? From combines and drills to pickups and silos, the farm has spent a lot of money and you probably have a “correct” way to take care of the tools you’ve invested in. But what is the most important asset on the farm? Quick answer: you and the people around you. Do you allocate as much time and attention on those assets? Probably not.
April 7, 2026
ALERT: Warm Weather Threatens Wheat with Yield Loss
The warm winter weather throughout the state has experts concerned about increased fungal diseases creeping into fields and causing yield loss. Xianming Chen, USDA stripe rust expert in the PNW, is warning farmers to start checking their fields. Chen is predicting that stripe rust will be more widespread and extreme this year than in the past 15 years. The last particularly bad year for stripe rust was in 2011. Experts from the U.S. Wheat and Barley Scab Initiative are also warning about fusarium head blight and vomitoxin (DON) in winter wheat. USWBSI is reminding farmers that the best time to apply fungicides for FHB and DON management is at Feekes growth stage 10.51, when 50% of the main tillers have reached early anthesis (flowering) and up to seven (7) days following.
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