Crops
State-by-state crop and weather report details.
EU Commission released short-term outlook.
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.
Even though stocks are declining, supply remains secure worldwide.
Chip Flory and Brian Grete discuss the wheat market in this week’s Pro Farmer Profit Briefing.
Wheat production to be down 26% from last season.
Among other benefits, the project multiplies the number of available genetic markers that plant breeders can use to improve drought tolerance.
Virtually no rain has been seen for a month in southern Kansas, Oklahoma and the Texas Panhandle.
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.
USDA leaves Kansas wheat crop estimate unchanged, notes report..
Strong winds and high temps making for short week for remaining harvest.
Says western Kansas harvest has been disappointing so far.
Says crop prospects are on track to be “average.”
USDA sees wheat crop down 40% from last season.