Since late July prices have dropped about 50 cents a bushel in overall U.S. values, according to Peterson. Most bids from northeastern Montana and into the durum regions of North Dakota range from $5.50-$5.85. “We’ll see if there’s some additional weakness as more harvest progresses, especially if we have no real quality issues or no major surprises with sharply lower yields,” he said. On a positive note, national durum prices a year ago were in the mid to upper $4 range, and even though there’s been some pressure, prices are still higher than a year ago at this time. And relative to spring wheat and some of the pressure on prices in that market, durum bids seem to be holding up a bit better.

Source: The North Africa Journal August 23, 2020 11:03 UTC