Wheat
According to the U.S. Dept. of Agriculture’s (USDA) monthly Wheat Outlook Report, U.S. Hard Red Winter exports are predicted to be down 10 million bushels in September, which would mark the lowest levels ever recorded.
“Working hard and going strong” was the theme of the day — bailing the wheat straw, and planting soybeans in the same fields they had just harvested went on into the night.
As wheat harvest gets underway, one producer in the Lone Star State is making sure his fellow Texans are getting their daily bread.
The growing season is in full swing and pests and diseases are already making their rounds.
The USDA just released the latest WASDE report for June, which our markets specialist say is mostly consistent with expectations.
The markets are eagerly awaiting this month’s WASDE report with weather expected to play a big role in that USDA forecast.
USDA Meteorologist Brad Rippey says this is still a concern, but much better conditions are being seen than in 2020.
French crop conditions are varying due to constant rain. The U.S. imported more than $59 billion from France in 2022.