Could Hard Spring Wheat Acres Grow After USDA Reports?

January 18, 2018 03:11 PM

A lot of focus on the USDA January crop production and World Agricultural Supply and Demand Estimate (WASDE) reports seemed to be placed on corn and soybeans, both of which didn’t see major market action following the release of the reports.

Wheat, on the other hand, saw a 10-cent decrease. Until the report was released, Kevin Duling of KD Investors, said wheat rallied, but it was unimpressed by the report.

“You’re setting yourself up for disappointment and then the number came slightly higher than expectations,” he said on U.S. Farm Report. “Watch your cash basis, which has been the driver this whole year.”

Hear what Duling and Brian Basting, commodity research analyst with Advance Trading, Inc., are looking for when the next report is released and South American weather on U.S. Farm Report above.

Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer