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U.S. Farm Report Mailbag

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What About Wheat?

Mar 10, 2009
   There was talk that there would not be a battle for acres this spring between corn and soybeans. I was surprised that it was not even mentioned that with the drought in Texas and Oklahoma etc that wheat could be a wildcard player for some acres. After all wheat is the leader in the grains. Do we have that much reserve? 
Reggie Gassman
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COMMENTS (2 Comments)

Anonymous
The 3/11 report says we have more reserves than even USDA previously thought we had. With today's number, we now have enough wheat for 40-45% of our annual usage already in the bin and ready for 2009/2010 before we start the combines. Granted the wheat may not be the right type(durum or HRW), but the USA does have wheat. Now the only thing to do is sit back and wait to see if these carryover numbers play out the way the USDA estimates. Should have contracted more wheat last fall than I did at $7+/bu.
6:36 PM Mar 11th
 
Anonymous
Obviously we do my basis is -$1.80
2:29 PM Mar 10th
 
 
 
 
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