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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.
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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.
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Market Commentary
Closing Comment 05/16
Wheat futures closed higher on Wednesday. Wheat futures soared despite resistance from outside market factors. Calls for warm, dry weather across the US Plains continued to push prices upward as traders are concerned the winter wheat crop would be damaged. The CBOT contracts were up 5 percent, posting their largest gains in six weeks. CBOT July is 30 1/4 cents higher at $6.38 3/4; KCBT July is 28 1/2 cents higher at $6.56; and MGE July is 9 1/2 cents higher at $7.60.
Market Info
Key Reports/Outlook
U.S. projected to be highly competitive, wheat exports up
05/14/2012 10:06:55 AM
According to the USDA's Wheat Outlook report, U.S wheat exports for the 2012/13 July-June international trade year are projected to increase 4.0 million tons or 14.5 percent from 2011/12 to 31.5 million tons.
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Full story.
Wheat use down as animal feeding switches to corn
05/14/2012 9:15:00 AM
According to the USDA's latest Wheat Outlook, foreign use is projected at 652.5 million tons in 2012/13, down 9.5 million tons (1.4 percent) from estimated 2011/12 disappearance. ...
Full story.
World wheat production down but still fourth largest on record
05/14/2012 10:01:36 AM
The USDA's Wheat outlook showed that world wheat production in 2012/13 is projected to fall to 677.6 million tons, down 17.1 million, or 2.5 percent from last year’s record of 694.6 million tons. Foreign wheat production is projected to decrease even more, down 23.8 million tons, or 3.7 percent compared to 2011/12. ...
Full story.
Expected U.S. wheat supplies and use up
05/14/2012 10:02:03 AM
According to the USDA Wheat Outlook report, The 2012/2013 expectations for U.S. wheat is for larger supplies and use, but lower prices. ...
Full story.
Winter wheat production climbs 13 percent from 2011
05/10/2012 7:46:26 AM
According to the USDA's Crop Production Report, winter wheat production is forecast at 1.69 billion bushels, up 13 percent from 2011. The area expected to be harvested for grain or seed totals 35.6 million acres, up 10 percent from last year. ...
Full story.
Grains settle lower on Monday
04/16/2012 3:42:31 PM
Corn futures ended lower. Widespread rain over the weekend, particularly in the northwestern Corn Belt, helped recharge soil moisture just as planting is set to ramp up. ...
Full story.
Foreign wheat supplies down slightly
04/12/2012 7:45:00 AM
The USDA's Wheat Outlook report showed that world wheat production for 2011/12 is projected up just 0.3 million tons to 694.3 million this month, while global supplies slightly decrease by 0.5 million tons, with a 0.8-million-ton reduction in world beginning stocks. ...
Full story.
U.S. wheat plantings forecast up from 2011
04/12/2012 7:35:00 AM
According to the USDA's Wheat Outlook, the National Agricultural Statistics Service (NASS), in its March 31 Prospective Plantings, reported that all-wheat planted area for 2012 is forecast at 55.9 million acres, up 3 percent from the 2011 all-wheat planted area. ...
Full story.
Prospective wheat plantings for 2012 up
04/12/2012 4:00:00 PM
The USDA's latest Wheat Outlook report showed that Winter wheat plantings for 2012 are estimated at 41.7 million acres, 3 percent above last year, down 1 percent from the previous estimate in the National Agricultural Statistics Service (NASS) January 12 Winter Wheat Seedings report. ...
Full story.
Current winter wheat crop conditions better than last year
04/12/2012 7:30:00 AM
According to the USDA's Wheat Outlook report, the National Agricultural Statistics Service (NASS) April 9 Crop Progress report indicated that 61 percent of the winter wheat crop is rated good to excellent and 10 percent was rated poor to very poor. ...
Full story.
Corn stocks drop 8 percent, soybean stocks jump 10 percent
03/30/2012 7:40:49 AM
The USDA's latest Grain Stocks report showed that corn stocks in all positions on March 1, 2012 totaled 6.01 billion bushels, down 8 percent from March 1, 2011. ...
Full story.
Intended corn acreage up 4 percent, soybeans down
03/30/2012 7:37:45 AM
According to the USDA's Prospective Plantings report, corn growers intend to plant 95.9 million acres of corn for all purposes in 2012, up 4 percent from last year and 9 percent higher than in 2010. ...
Full story.
