Kc Wheat Commodity Markets, Prices & Futures
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Latest News From KC Wheat
Don Roose with U.S. Commodities say soybeans followed meal and hold a premium on hopes of China business.
Scott Varilek with Kooima Kooima Varilek says the cattle market has been impressive and resilient.
With wheat barely a foot tall, the flag leaf is already emerging—a sign the crop is rushing to reproduce under stress, leaving too little structure to support a harvest. Less than 10% may be harvested in West Texas.
Chip Nellinger with Blue Reef Agri-Marketing says, “USDA did rearrange some of the soybean demand estimates with crush raised 35 million bu. while exports were lowered the same amount.”
Randy Martinson, Martinson Ag, says many markets were extracting risk or war premium on Wednesday.
Indiana farmer Jason Mauck uses his wheat crop as a “supporting actor” to increase soybean yields and boost profits.
Ted Seifried with Zaner Ag Hedge says markets were removing war premium but the key is will the ceasefire stick and does the Strait of Hormuz get reopened?
Corn, wheat and crude oil were lower after a possible two week cease fire between the U.S. and Iran. says Randy Martinson with Martinson Ag.
In Texas, for example, more than half of the winter wheat is rated poor to very poor. USDA Meteorologist Brad Rippey says the state recently endured its fourth-driest stretch from September to February in the last 131 years.
The commodity wide selling pressure was tied to risk aversion and uncertainty regarding the escalation of the Iran War according to Mark Knight with Farmers Keeper Financial.