Wheat
Recent moisture in the Plains combined with quota talk in Russia, is helping continue the bullish outlook for wheat. DuWayne Bosse of Bolt Marketing thinks both winter and spring wheat acres are set to rise.
Chicago Board of Trade wheat futures climbed to a three-month high on Thursday after the U.S. Department of Agriculture slashed global production estimates.
USDA shows only 9% of the spring wheat crop is rated good to excellent. 66% is rated poor to very poor. USDA Meteorologist Brad Rippey says you have to go back to 1988 to find a spring wheat crop rated this poor.
U.S. corn and soybean futures climb to multi-year highs and wheat futures are up on tight supplies and weather woes.
Wheat prices saw strength last week, as worries about the 2021 crop continue to grow. With concerns about planting spring wheat this year, it’s a factor that could strain already tighter supplies.
The U.S. Agriculture Department likely rated the U.S. winter wheat crop as 53% good to excellent, according to an average of estimates given by nine analysts in a Reuters survey ahead of a government report on Monday.
Farmers Nathan Neameyer and Paul Overby, along with researcher Mike Ostlie, are intercropping innovators intent on finding crop combinations that translate to a whole greater than component parts.
When Jack Shoup refused to pay late fees to the Iowa Soybean Association on tardy checkoff payments as the first purchaser of grain at Dinsdale Elevator, he drew a straight line in his Reinbeck dirt and prepared for a legal battle.
