2023 USDA Acreage and Stocks Report
Wheat prices have remained volatile, with the bear news of the 2023 USDA acreage and stocks report. Rain fell on the corn belt, and wheat prices dropped 50-97 cents last week.
July 5, 2023
Wheat prices have remained volatile, with the bear news of the 2023 USDA acreage and stocks report. Rain fell on the corn belt, and wheat prices dropped 50-97 cents last week.
June was a productive and busy month for the Montana Wheat and Barley Committee (MWBC) and we’re so happy and motivated to see such promising crops around most of Montana.
The MWBC recently hosted a trade team from the Taiwan Flour Miller’s Association. The team, which included representatives from five of the largest flour mills in the country, was in Montana to get a firsthand look at current crop conditions, receive market updates and meet with representatives of the grain industry.
So much of the wheat and barley industry in Montana is made up of long days on machinery, agronomics, and shipping. The social aspects of wheat and barley production can be grueling on one’s mental health due to isolation, harsh working conditions, and financial uncertainty.
Warm temperatures coupled with varied moisture totals proved challenging for producers, according to the Mountain Regional Field Office of the National Agricultural Statistics Service.
The wheat stem sawfly lays larvae in the stem of grasses. Loss is seen by overall yield and damage to the stem in the early stages of the development but also the iconic tipping over of stems falling on the ground.
The Farm Fair is to provide a rural ranch atmosphere where students and teachers learn about agriculture in Montana.
Attendees learn about the food supply chain, see first hand how food is prepared for human consumption, and demonstrate the agricultural communities commitment to protecting our natural resources.
For the last few years, virtual trade team events increased significantly. The Montana Wheat and Barley Committee (MWBC) staff found adapting to the virtual setting a critical direction for market development
Now that the 2023 legislative session has wrapped up, here’s a quick recap of several of the new laws and the possible impacts to Montana wheat and barley producers.
Montana certainly ships durum and spring wheat to Duluth for export. Higher crop volumes in 2019 and 2020 warranted more grain headed east. Mainly durum, European purchases can frequently be the destination.
Mailing Address: P.O. Box 3024
300 Park Dr. S., Suite 104
Great Falls, MT 59403-3024
Phone: (406) 761-7732
Fax: (406) 761-7851
Email: wbc@mt.gov
The Montana Wheat & Barley Committee promotes local research and develops trade markets around the world.