Wheat
What should have been good news for the grain and oilseed markets ended up having the opposite effect as we ended the week down, sharply down some cases says Jerry Gulke, president of the Gulke Group.
Temperatures seen 15 to 25 degrees below normal, NWS says.
Farmers from the mid-South to the Great Plains are counting their losses and making plans to replant after a tumultuous storm brought deadly flooding to double-digit snowfall.
The farm economy has been struggling for a while now, especially with weak cattle prices and disease issues in wheat.
Bullish fund holdings signal ‘change in sentiment’ for prices.
Grain futures were lower Thursday in early trading on the Chicago Board of Trade.
Warm weather is coming and that means cattle producers grazing wheat in the Southern Plains have a decision to make: should they stay or should they go?
Beneficial winter precip is falling on the Central & Southern Plains
Hungry cattle help researchers discover drought-resistant wheat variety
One would hardly know from Republican Sen. Pat Roberts’ campaign speech that he is revered as a champion of Kansas’ all-important farm economy.
Rain and cold temps are expected to keep many farmers out of the field this week.
But chilly conditions are currently in effect for the Southern Plains & Midwest.
Listen to closing market commentary from your editors.
The drought areas of Iowa increased by eight percentage points from last week.
Still reflects more than half of continuous U.S. covered by drought.
But a large drought footprint will remain in place across the western states.
Forecast raises concerns about planting delays.
This is expected to prolong Midwest planting delays.
Chip Flory and Brian Grete discuss the market’s price discovery process.
While drought improved in many areas, the Southern Plains saw slight expansion.
Texas moves backwards, with 12.88% of the state covered by exceptional drought.
Seasonal Drought Outlook calls for some drought improvement across areas of the Plains.
Forecast calls for below-normal precip for bulk of Corn Belt.
Normal precip expected across most of the Corn Belt.
Drought Monitor reflects 60.21% of the nation still covered by some form of drought.
Drier conditions expected in the western Corn Belt, while wet condition to continue in the eastern Belt.
But a majority of the country is still covered by some form of drought.
Seasonal Drought Outlook a broken record for Southern Plains.
Cooler-than-usual conditions to linger into month’s end.