Agriculture Roundup for Tuesday July 20, 2021
MELFORT, Sask. – Wheat prices remain strong with the continued extreme heat and little to no rain.
The Sask. Wheat Outlook said the world is not short of wheat, but quality wheat will be low.
The spring wheat numbers do not fully address the growing conditions in Canada, Russia, or Kazakhstan according to the United States Department of Agriculture (USDA). Further revisions will need to make further revisions in upcoming reports.
The report also stated the Canadian crop is under extreme pressure and the combination of these factors has created very strong elevator bids.