Winter Wheat
Analysts say spring wheat is trailing last year’s crop as record temperatures persist across parts of the Plains.
Wheat production forecast down 7 million from June and the lowest since 1970/71. Winter wheat saw the largest adjustment. Global wheat stocks also moved lower as consumption increased and supplies tightened.
The next U.S. Drought Monitor is scheduled for release Thursday, providing an updated look at moisture conditions across the country.
Lewis Williamson with HTS Commodities joins us to discuss U.S. crop conditions, key market factors influencing the growing season, and potential opportunities and hurdles for agricultural trade moving forward.
Purdue data show stronger net returns for organic corn and soybeans despite lower yields and higher costs.
Oklahoma State University extension specialist Todd Hubbs joins us for an update on wheat harvest conditions in his state and the key factors shaping marketing decisions.
The report gives producers a mostly stable row-crop balance sheet with sharper signals in wheat and meat markets.
Trade estimates point to only modest changes in U.S. grain ending stocks ahead of USDA’s June 11 WASDE report.
HTS Commodities’ Lewis Williamson joins us to recap USDA’s latest Crop Progress Report, troubling winter wheat conditions, and key market factors shaping the markets as the growing season progresses.
Higher rail fuel surcharges could add cost pressure even as wheat production falls and grain movement remains active.