Wheat
Wheat rose to the highest in almost five weeks on speculation that U.S. farmers will plant fewer acres with spring varieties due to cold weather.
Wheat rose for a second day in Chicago, extending a rebound from a nine-month low on concern frost in the U.S. hurt the winter crop and as wet weather may delay spring planting.
EU Commission released short-term outlook.
Those yield gains would occur with the first commercial product, which the company is developing via conventional and biotechnology approaches.
State-by-state crop and weather report details.
The historic 2012 drought is far from over, but it has at least subsided in parts of the country.
Scarce stocks could send prices soaring or crashing just as they did in 2008 and 2009, when prices rose to record-highs only to crash following the Great Recession.
Chip Flory and Brian Grete discuss the wheat market in this week’s Pro Farmer Profit Briefing.
Even though stocks are declining, supply remains secure worldwide.
Wheat production to be down 26% from last season.
Virtually no rain has been seen for a month in southern Kansas, Oklahoma and the Texas Panhandle.
Among other benefits, the project multiplies the number of available genetic markers that plant breeders can use to improve drought tolerance.
Two storm systems eased drought across the contiguous U.S.
But small by-class adjustments are made to projected exports and stocks.
Stocks of wheat, barley and canola were down from year-ago.
Strong winds and high temps making for short week for remaining harvest.
USDA leaves Kansas wheat crop estimate unchanged, notes report..
Says western Kansas harvest has been disappointing so far.
Says crop prospects are on track to be “average.”