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Idaho Farm Bureau's Podcast
Aquifer Recharge Shatters record-Otter addresses Property Rights Bill
April 12, 2018 Idaho Farm Bureau
Idaho Farm Bureau's Podcast

Aquifer Recharge Shatters record-Otter addresses Property Rights Bill

April 12, 2018

Idaho Farm Bureau

The Idaho Water Resource Board has already blown away its record for managed recharge into the Eastern Snake Plain Aquifer and there’s still a month to go in the recharge season. Wheat futures are up 6 cents this morning. The weekly Export Sales report showed all old crop sales for the week were short of expectations at 120,000 MT. That was 10% larger than last week but 71% behind this time last year. Mexico was the largest buyer of 54,000 MT, as Indonesia showed net reductions totaling a combined 61,000 MT yesterday. New crop sales were reported at 67,000 MT. Shipments of all wheat were tallied at 436,000 MT, 1.9% larger than the week before but down 31% from a year ago. Japan purchased 68,000 MT of US wheat in their weekly deal that saw a total of 128,000 MT bought from Australia, Canada, and the US.
The Idaho Water Resource Board has already blown away its record for managed recharge into the Eastern Snake Plain Aquifer and there’s still a month to go in the recharge season. Wheat futures are up 6 cents this morning. The weekly Export Sales report showed all old crop sales for the week were short of expectations at 120,000 MT. That was 10% larger than last week but 71% behind this time last year. Mexico was the largest buyer of 54,000 MT, as Indonesia showed net reductions totaling a combined 61,000 MT yesterday. New crop sales were reported at 67,000 MT. Shipments of all wheat were tallied at 436,000 MT, 1.9% larger than the week before but down 31% from a year ago. Japan purchased 68,000 MT of US wheat in their weekly deal that saw a total of 128,000 MT bought from Australia, Canada, and the US.
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