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Wheat Hits 6-Year High

South American harvest could limit gains, says analyst

November 30, 2020
KS wheat
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Drought conditions improve in Midwest and Plains while Pacific Northwest deteriorates
Weekly drought monitor shows reservoir levels holding steady in California while Colorado River system remains below average.
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Search continues for three missing after Fremont, Nebraska, biofuels plant explosion
Mayor says effort now a recovery operation as building remains unstable.
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Union Pacific, Norfolk Southern announce merger
Rail consolidation would create first transcontinental railroad, affecting 3.2 million annual grain shipments.
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US corn development ahead of five-year average
Cotton, sorghum showing varied conditions across growing regions.
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Whitehouse announces framework for US-EU trade deal
Agreement aims to expand agricultural exports, address non-tariff barriers.
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BNSF to cut corn rail tariff rates for domestic shipments
Changes aim to optimize grain flows while Pacific Northwest rates remain unchanged.
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Japan agrees to purchase $8 billion in US agricultural goods in landmark trade deal
Historic agreement includes significant commitments for corn, soybeans and biofuels, strengthening position of American grain exporters in key Asian market.
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Midwest rains bring drought relief, while Western farmers face persistent dry conditions
Heavy precipitation improves crop outlook in central states; Southwest sees isolated monsoon benefits.
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House Agriculture Committee advances grain standards bill
Legislation ensures continuity of critical inspection services while modernizing century-old system that underpins U.S. grain trade.
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Corn development advances despite regional variations
Latest crop progress data shows 56% of corn crop in silking stage, with notable improvements in Midwest states.
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Demolition continues at Skyland Grain Elevator site in Sunray, Texas
Work expected to expand as safety assessments ongoing.
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