Ed Usset #43

“Back to School with Ed Usset” is a new feature of Corn & Soybean Digest, in cooperation with Ed Usset and the Center for Farm Financial Management. Ed’s challenging and authentic quiz questions are designed to test your grain marketing knowledge, and will help you learn while having fun! Ed Usset is the author of “Grain Marketing is Simple, It’s Just Not Easy,” and is a grain marketing specialist at the University of Minnesota.

Questions and Answers

1.

I’m here at FARMFEST - the largest outdoor ag event in Minnesota – and smack dab in the middle of corn and soybean country. But my mind is on wheat because prices soared in July. Hard red spring futures, for example, are up nearly 40% in the past 5 weeks. In 2009, which country led the world in wheat exports?
- A.
  
  United States
- B.
  
  Canada
- C.
  
  Russia
- D.
  
  Australia
Correct Answer
A. United States

Explanation
The United States led the world, exporting over 24 mmt in 2009, followed by Canada and Russia. In Canada, an extremely wet spring delayed planting – production is forecast to drop 35 percent in 2010. In Russia, drought and wildfires have destroyed one-fifth of the wheat crop.

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Current Version
Mar 16, 2022

Quiz Edited by
ProProfs Editorial Team
Oct 01, 2010

Quiz Created by
Ed-usset