Grain and oilseed speculators have not received bullish news with staying power in at least three months now resulting in a huge buildup of short positions, and fund managers remained unimpressed last week even as a new set of supply and demand numbers hit the market.
A new international study suggests that pests and pathogens cost global agriculture more than $500,000,000 per year.
Concern from neighboring wheat farmers about weeds spreading from an organic farm are forcing management changes.
U.K. imports exceeded exports for four months through March.
In the USDA’s latest WASDE report, there were some indications about production and price projections.
A second consecutive week of warmer-than-average weather has reduced soil moisture supplies and affected crop conditions in South Dakota.
Cheapest wheat offer was for Romanian wheat, followed by U.S.
Speculators reduced bearish bets across most Chicago grain and oilseed markets last week, but pessimism in the corn market continues to build.
Wednesday’s WASDE report is helping support wheat markets after the USDA cut both wheat production and yields.
This year's winter wheat crops in the Dakotas are forecast to be down significantly from last year.
Forecasters see a lack of rain after driest April in a decade.
See all of the report data, coverage and analysis of USDA's May 10 World Agricultural Supply and Demand Estimates (WASDE) report.
Last week, nearly a quarter of the 2017 spring wheat crop went into the ground, according to USDA estimates. Overall, planting pace is still slightly behind the five-year average, however.
The government's latest weekly snapshot of Kansas crops says the effects of recent snow storms and freezing temperatures are still being assessed.