Tidbits, Q&A: Carry, Wheat, Biofuel: SAF-BOHO-RINs 5/10/25
- Wright team
- 31 minutes ago
- 5 min read
Highlights
Ag Canada reported yesterday that wheat export traders are saying Chinese buyers have bought 400,000 to 500,000 mts of wheat from Australia and Canada in recent weeks as drought and heat has already done significant damage to the wheat crop in Henan province, which grows about a third of China’s 140 million mts wheat crop. There is a reason May is the seasonal high for wheat prices, so do not be pricing new crop wheat yet.
A crop tour projects Oklahoma’s winter wheat production at 101.169 million bushels, with an average yield of 35.9 bpa. In 2023, Oklahoma’s wheat crop yielded 28 bushels and, in 2024, 39 bushels.
The Wheat Quality Council’s 2025 Hard Winter Wheat tour will be Monday to Thursday afternoon.
Central States President, Jason Britt:
"Mexico's drought in the northern part of the country continues with no end in sight. A lot bigger deal for corn demand going forward and much bigger deal than China talks on corn."
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