For many, 2017 seemed to be a bland, lifeless year when it came to commodity markets. Halfway through January 2018, it seems this year will be more of the same: less dynamic and uninspired.
As farmers look for ways to improve their profitability in 2018, one of the areas many are evaluating is their crop mix.
After the USDA released its January crop production and World Agriculture Supply and Demand Estimate (WASDE) reports on Friday, the market had a mostly muted response.
After a fairly neutral January USDA report, the market is still digesting the updated numbers released. Soybeans, however, did see a key reversal, but the real shocker was the increase in wheat acres, says Jerry Gulke, president of the Gulke Group.
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