Aug 14, 2018

Ergot Showing Up in Some North Dakota Wheat

Elevators are imposing discounts, turning some truckloads away

Elevated levels of the grain fungus ergot are showing up in spring wheat being harvested in south-central North Dakota, prompting grain elevators to impose discounts and even turn some truckloads away, grain merchants said on Tuesday.

Reuters reports ergot is a common grain fungus but some major buyers, including top global wheat importer Egypt, have rejected cargoes with even trace amounts in the past.

Though confirmed in only one area so far, according to grain merchants who spoke to Reuters, the fungus could be another headache for U.S. wheat farmers whose grain has lost share in the world market due primarily to high prices.

A grain elevator operated by CHS Inc in Sterling, ND, was already rejecting some wheat deliveries, according to elevator manager Eric Basnett.

Read the full report here.

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Marketwatch: Sep, 24

US Corn Price Idx: ZCPAUS.CM

open: 6.7205
high: 6.7751
low: 6.6222
close: 6.7056

US Soybean Price Idx: ZSPAUS.CM

open: 13.9981
high: 14.0006
low: 13.7777
close: 13.8259

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open: 9.2468
high: 9.2493
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US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.2482
high: 8.2732
low: 8.0831
close: 8.1178