“In durum, the big thing is we’ve definitely had a big shift in market sentiment as we’ve hit mid-summer,” said Jim Peterson, market director for the North Dakota Wheat Commission. “And the overall global economic sentiment is a little weaker too with more concerns of a recession globally, and not just the U.S. market. Only 2 percent of North Dakota’s durum crop was headed as of the first week of July. Montana’s durum crop was at 5 percent headed. In Canada, Stats Canada came out with its acreage report on June 5, and it showed durum acres up 10 percent from a year ago at 6 million acres.

Source: The North Africa Journal July 10, 2022 11:18 UTC