Wheat Market Outlook - February 10, 2025

Feb 12, 2025

Mercantile's Weekly Outlook:
According to Mercantile, wheat markets remain supported. Mercantile says wheat continues to be cheap compared to corn and attention is increasingly turning to the new crop. There are several areas of concern for the 2025/26 winter wheat crop according to Mercantile, including Russia, Ukraine, France, and parts of the U.S. The next USDA report is out on Feb. 11, 2025.

Top Takeaways:

The discussion about U.S. tariffs continues to influence the markets. Recently, President Trump delayed the proposed 25 per cent tariff on both Mexican and Canadian goods to Mar. 1, 2025, while Canadian and Mexican officials agreed to enhance security at the U.S. Border.
Ukraine and Egypt are working to enhance collaboration with a plan to store more grain at destination.
Canadian durum exports in December were nearly three times larger than the volume exported in December 2023, driven by demand from North African customers.

Click here to see more...

Video: Residue Management

Residue Management conservation practice manages the amount, orientation, and distribution of crop and other plant residue on the soil surface year-round while limiting soil-disturbing activities used to grow and harvest crops in systems where the field surface is tilled prior to planting. This video explores how Ryan McKenzie implemented this conservation practice on his farm in Samson, Alabama.

Practice benefits:

• Increases organic matter

• Improves air quality

• Decreases energy costs

• Reduces erosion

• Improves soil health

The Conservation at Work video series was created to increase producer awareness of common conservation practices and was filmed at various locations throughout the country. Because conservation plans are specific to the unique resource needs on each farm and also soil type, weather conditions, etc., these videos were designed to serve as a general guide to the benefits of soil and water conservation and landowners should contact their local USDA office for individual consultation.