Utah Flour Milling, LLC has officially broken ground for its new flour mill and custom mix facility in Richmond, Utah, with operations expected to begin before the end of the year. Utah Flour Milling is a partnership of Denver-based PHM Brands’ Panhandle Milling and NIPPN Corp., one of Japan’s largest flour milling businesses. Construction of the facility will be led by Bratney Companies of Des Moines, Iowa.

Inflation has Americans saying a dollar just doesn’t stretch as far as it used to. Similarly, when looking at the exchange rate and price of U.S. commodities, China is saying the yuan just doesn’t stretch as far as it used to. Relative to other currencies, the U.S. dollar has been strong the past couple of years, and experts say it is one factor hampering commodity exports. Tanner Ehmke, CoBank’s lead economist for grains and oilseeds, explains higher interest rates, which the U.S. Federal Reserve has implemented in an attempt to fight inflation, has encouraged investment in the U.S. dollar and helped drive up its value, making exchange rates challenging for other countries.

Prices for corn, soybeans and wheat have continued to go lower over the last few days. There are fundamental reasons that have pushed prices down, but there is also the fear of surprises in the coming U.S. Department of Agriculture reports. It is a fact that weather forecasts have improved in South America. Brazil and Argentina, the primary nations for grain production, have seen rain salvage their crops at a critical time, so analysts are now moderating their very negative views for grain production there.

The U.S. Army Corps of Engineers (USACE) Walla Walla District is closing navigation locks on the Columbia and Snake rivers beginning Jan. 14, 2024, for an 11-week outage. "This extended outage will allow the district to perform routine maintenance and to replace aged equipment to reduce the risk of asset failure," notes USACE on their website. Jeff Van Pevenage, president and CEO Columbia Grain, Portland, Oregon, told DTN in an email the maintenance being performed on the system is "important for the long-term viability of the cheapest, most carbon friendly transportation system in the United States.

During the summer of 2023, U.S. wheat export basis levels hovered near record lows as slow demand met seasonal weakness. Across almost all the U.S. wheat classes and export points, export basis levels hovered below average, signaling a unique pricing opportunity for U.S. wheat. Historical trends indicate that basis levels generally hit their lowest point during wheat harvest and increase in October, November, and December as export capacity tightens in response to an influx of corn and soybeans. Following the seasonal pattern, U.S. export basis levels have since risen for all U.S. wheat classes.

USDA officials announced the agency’s Foreign Agricultural Service will award more than $230 million in funding to nearly 70 agricultural organizations. The money will be used to support market expansion efforts. It will be distributed through the Market Access Program and Foreign Market Development Program. Around $174 million will be distributed by the Market Access Program to 68 nonprofits and cooperatives. Those groups will use the funds for brand and customer promotion initiatives in fiscal year 2024.

With a global demand for sustainably grown U.S. wheat on the rise, U.S. Wheat Associates saw an opportunity to showcase the production of U.S. wheat and its sustainability story. So says Vice President of Communications with U.S. Wheat Associates, Steve Mercer.