Wheat
Global conflicts, labor policy, and tightening wheat supplies are all competing for the attention of agricultural markets as producers navigate another volatile growing season.
The next U.S. Drought Monitor is scheduled for release Thursday, providing an updated look at moisture conditions across the country.
USDA’s July WASDE report projects the smallest U.S. wheat crop since 1970, tighter corn stocks, stronger soybean exports, larger cotton supplies, and higher cattle prices.
Weekly USDA export data showed beef leading the way as corn stayed strong and soybean sales weakened.
China was the top focus in the latest USDA export inspections report, taking about 9.9 million bushels of inspected U.S. soybeans for the week ending July 2.
USDA’s latest grain stocks report provides an updated look at corn, soybean and wheat supplies heading into the summer.
USDA’s latest acreage report shows fewer corn acres and more soybean plantings heading into the growing season.
USDA says the move could lower phosphate fertilizer prices by about 22 percent and benefit more than 100,000 farms.
StoneX’s Arlan Suderman joins us to break down today’s USDA Acreage and Grain Stocks Reports, which show mixed signals for corn, soybeans, and wheat.
RealAg Radio Host Shaun Haney joins us to break down the StatCan’s acreage report as traders await similar data from the USDA.