Wheat
Wheat stockpiles seen plunging 37 percent this season.
Unharvested acres must come off field before spring planting.
Wheat growers have had a rough go the last couple of years with low prices and the least amount of acres planted in nearly a century.
Wheat exports seem to be robust despite record world wheat supplies and a relatively strong dollar, according to the USDA.
With farmer and regulator eyes turned toward the two companies, Bayer and Monsanto technology leads on Thursday repeated their confidence the merger will close by the end of 2017. The companies need approval from regulatory authorities in 30 countries.
Global wheat stocks have been dwindling due to a worse than expected Indian crop and an “off” Ukranian crop, according to Jim Bower of Bower Trading on Market Rally Radio.
Since 2005, Swedish-backed Black Earth Farming has emerged as a major landowner in southwest Russia, holding more than 600,000 acres (244,000 hectares) as of 2015. But yesterday, the company announced it has entered into an agreement to sell its Russian operations, distribute the proceeds to its shareholders, and initiate a voluntary liquidation of the company.
Inventories at post-Soviet high, but still only equal to half of U.S. output.
“If it gets too cold, too fast, especially if there’s not time for the crop to re-acclimate, it can cause some damage,” said Romulo Lollato, a wheat and forage specialist at Kansas State University in Manhattan, Kansas.
