Wheat harvest is in full swing and according to the latest Crop Progress Report, it is moving quite quickly in the state of Kansas with winter wheat already 53% harvested.
Vice President of Communications for the Kansas Wheat Commission, Marsha Boswell spoke with RFD-TV’s own Tammi Arender on the latest numbers, issues producers faced, and possible ripple effects.
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Recent U.S.–China trade developments provided a small lift for soy markets, though most traders are waiting for concrete purchase data before making major moves.
Wheat futures briefly hit a three-month high before retreating as the markets wait for word on whether the deal will actually happen.
Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
According to Ag Secretary Brooke Rollins, the top three soy-crushing companies in Bangladesh agreed to buy $1 billion worth of U.S. soybeans over the next year.
A strong corn export pull is supportive of bids; soybeans need steady vessel programs or fresh sales to firm cash.