Stories about wheat
The U.S. Department of Agriculture reinforced its strong corn and soybean demand outlook in the recent supply and demand estimates report.
Plugging the survey-based acreage numbers into the crop balance sheets didn’t move the needle much either direction.
Illinois and Indiana join seven other states that are forecast to have record winter wheat yields, according to the U.S. Department of Agriculture’s National Agricultural Statistics Service.
The government’s latest crop snapshot shows the Kansas winter wheat harvest is running slower than usual for this time of year.
The corn and soybean planted acreage estimates sparked rallies in the commodity markets when the numbers were released June 30 by the U.S. Department of Agriculture.
It finally dried out enough for us to complete our corn planting and wheat chopping and have a good start to hay making. Unfortunately, it all happened at once. We will now turn our attention back to manure pumping on the harvested wheat acres and follow that with more corn planting.
The mixed crop production and supply and demand estimates reports had about 15 minutes of fame before the trade turned its focus toward the weather. Randy Martinson of Martinson Ag Risk Management dissected the U.S. Department of Agriculture’s reports in a Minneapolis Grain Exchange teleconference.
With a few minor tweaks in the U.S. Department of Agriculture’s supply and demand estimates, the trade now turns its focus on weather and the upcoming acreage and grain stocks reports.
Kansas farmers are expected to harvest a bountiful winter wheat crop this season, according to a government forecast.
The first new crop balance sheets were penciled in by the U.S. Department of Agriculture and mirror much of what the market has recently seen on the demand side.