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.
Warm temperatures coupled with varied moisture totals proved challenging for producers, according to the Mountain Regional Field Office of the National Agricultural Statistics Service.
AGRICULTURAL SUMMARY: The past week brought colder temperatures and snowfall to many areas in the State of Montana, according to the Mountain Regional Field Office of the National Agricultural Statistics Service, USDA.
According to the National Weather Service Forecast Office, temperatures ranged from 45 degrees to 22 degrees across the State, while there was 0.01 to 2.1 inches of precipitation observed in the State for the week ending April 23, 2023.
The past week brought warmer temperatures and snow melt to many areas in the State of Montana, according to the Mountain Regional Field Office of the National Agricultural Statistics Service, USDA.
The past week brought winter storms and significant snow to some areas in the State of Montana, according to the Mountain Regional
Field Office of the National Agricultural Statistics Service, USDA.
Although the United States remains one of the six major global wheat exporters, our market share has been trending lower for the past 22 years. Over the past decade, the United States has given up market share to competitors such as Canada, the EU, Russia, Ukraine, and Australia.
Montana’s bears are waking up from hibernation and the bulls are relishing a job well done as calving is in full swing. This year the bears and bulls joined hands in the head-scratching 2023 USDA prospective planting report. Not much change in the planting front for the treasure state.
Author: United States Department of Agriculture Contributions: Sam Anderson For the first time in two years, Montana is not in an extreme drought ! March 9th 2021 was the last
Taeyoung Grain Terminal’s CEO took time from his busy schedule March 8, 2023, to meet with U.S. farmers from Idaho, Montana and Nebraska and explain what happens when a shipment of imported U.S. wheat arrives in South Korea.
A team of farmers and state wheat commissioners is in the initial stages of a visit to three crucial Asian markets to represent the U.S. Wheat Associates (USW) Board of Directors, meet with customers of U.S. wheat and learn about changing consumer trends.
Mailing Address: P.O. Box 3024
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Phone: (406) 761-7732
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Email: wbc@mt.gov
The Montana Wheat & Barley Committee promotes local research and develops trade markets around the world.