Wheat export prices increased in November

Dec 13, 2019

Export prices of wheat mostly rose in November, but large supplies and stiff competition among the major exporters limited the month-on-month increases. The benchmark US wheat (No.2 Hard Red Winter, f.o.b.) rose for the second consecutive month and averaged USD 220 per tonne, up almost 4 percent from October but still 5 percent down from its level in November 2018. Uncertain production prospects in southern hemisphere countries, coupled with less than ideal planting conditions for the 2020 winter wheat crops in key northern hemisphere producing countries, continued to provide support to prices. Export prices from the Black Sea region and the European Union also increased in recent weeks. By contrast, price quotations from Argentina moved sharply lower, largely reflecting harvest pressure.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.