Winter Wheat Showing Potentially Friendly Undertones

November 24, 2017 10:13 AM
 
 

Wheat acres in the U.S. in 2017 were at lows not seen for a century. Going into 2018, it looks like that could be the case as well with farmers planting less wheat.

Joe Vaclavik, president of Standard Grain, says this signal, as well as demand for higher protein wheat are signals the wheat market could see some slight improvement.

“The cash market and some of the cash premiums have improved a little,” he told AgDay host Clinton Griffiths. “As far as USDA goes, projections for carryout, projections for stocks-to-use rations [are] getting less bearish moving forward.”

While he doesn’t expect an immediate bull market, but he says the situation is less bearish.

Watch his full comments on AgDay above.

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Comments

 
Spell Check

John
Weskan, KS
11/29/2017 01:46 PM
 

  No rain since 4"+ the end of Sept. That rain delayed planting into Oct. The crop hasn't developed a good root system. It's left in a position of possible winterkill. We need snow badly, but instead it has been 10-20 degrees above avg. The long term forecast doesn't give much hope for moisture.

 
 

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