Remember now, these are plants that have been bred to minimize the supporting plant so the maximum plant energy is channeled into the seeds. I won't predict a giant harvest just yet but barring some weather-related disaster like hail, it looks like some farmers will be buying new equipment this fall.
Wheat is the new gold in time of plenty for America’s breadbasket
As fires wreck Russia's harvests and poor countries brace for shortages, it's boom time for Kansas farmers. Strong wheat yields in Kansas and Colorado this year have been boosted by the crop trading for $7 a bushel on futures markets.
By David Usborne
Saturday, 14 August 2010
Wildfires, floods, crippling droughts, and even a threatened plague of locusts have wrecked crops and ruined harvests around the world, raising fears of global food inflation shortage and food riots.
But as they hose off the dust and chaff caked on their exhausted combine harvesters,farmers in America's plain states are adjusting to something possibly wonderful: a combination of unusually good wheat yields and suddenly soaring prices – thanks to disastrous circumstances elsewhere – has put them at the centre of a gold rush.
"It feels like Christmas in August," admitted Darrell Hanavan, of the Colorado Wheat Administrative Committee, noting that the harvest just completed in his state seems to have been the most bountiful for 25 years. More importantly, the dollar value for the crop is almost sure to set a record.
The thin soil of the plains is not always so kind. Scorching drought and relentless rains are frequent visitors to the breadbasket of America. So it is startling for some to find themselves singled out for good fortune, while the rest of the US combats an unemployment rate that refuses to come down. more
Russian ban on grain exports comes into force
Russia has begun a ban on the export of grain until the end of this year in a bid to keep the domestic market supplied and put a lid on prices after a record drought caused a massive loss of wheat crops.
By News Wires (text)
AFP - A ban on Russian grain exports ordered by Prime Minister Vladimir Putin came into force on Sunday, with the government battling to keep down prices of basic foodstuffs amid a record drought.
According to a government decree signed by Putin on August 5, the ban will extend from August 15 up until December 31, although the powerful premier has indicated it may even extend beyond that date if the harvest is bad.
Russia, the world's number three wheat exporter last year, has already warned that its grain harvest this year will be just 60-65 million tonnes, compared to 97 million tonnes in 2009.
The drought amid the worst ever heatwave in Russia's history has ruined one quarter of the country's crops, according to President Dmitry Medvedev.
The export ban is aimed at keeping the Russian domestic market well supplied with grain to prevent sharp rises in prices. Russia's leaders, acutely nervous of social unrest, will be keen to avoid any discontent over food prices.
"We must not allow an increase in domestic prices and must preserve the headcount of our cattle," Putin said bluntly as he announced the ban. more
Russia ban on grain export begins