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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

Afternoon Comments 05/17


Wheat futures seemed to suffer Friday from the ongoing dollar rally and its potential for curtailing export demand. Other price shifts may simply have reflected the impact of wet weekend forecasts for the central U.S. That is, increased moisture in the west could improve the winter wheat harvest, thereby weighing upon Chicago and Kansas City prices. On the other hand, wet fields in the Northern Plains could slow spring wheat plantings and reduce production prospects for that region. July CBOT wheat futures slipped 4.5 cents to $6.8325/bushel in Friday morning trading, and July KCBT wheat dropped 5.25 to $7.3725, while July MGE futures were unchanged at $8.0375.
Market Info

Key Reports/Outlook

World wheat ending stocks prospects slightly lower

09/14/2012 7:45:00 AM

With global production down more than projected use, world wheat ending stocks for 2012/13 are down... Read more.

World wheat supplies reduced due to smaller Russian production

09/14/2012 7:35:00 AM

The world wheat production forecast for 2012/13 declined 4.1 million tons, driven by a major reduction... Read more.

World wheat use up despite higher prices

08/14/2012 9:05:00 PM

Despite reduced wheat production prospects, and sharply higher world wheat prices supported by higher corn... Read more.

Reduced global wheat stocks adequate to meet demand

08/14/2012 8:55:00 AM

Projected 2012/13 world wheat ending stocks are down this month 5.3 million tons, almost 3 percent,... Read more.

2011/12 wheat price unchanged

08/14/2012 8:40:00 AM

The 2011/12 season-average farm price is a record $7.24 per bushel, unchanged from July. This compares... Read more.

Higher production, imports push wheat supplies up

08/14/2012 7:35:00 AM

U.S. wheat supplies for 2012/2013 are raised 54 million bushels with higher forecast production and... Read more.

World wheat production down sharply this month

07/13/2012 7:45:00 PM

World wheat production for 2012/13 is projected to decline by 6.7 million tons this month because... Read more.

World wheat consumption projected slightly down

07/13/2012 7:40:00 PM

According to the USDA's Wheat Outlook report, projected foreign wheat consumption in 2012/13 is down... Read more.

Record 2011-12 world wheat trade up this month

07/13/2012 7:35:00 PM

As the July-June 2011/12 world wheat trade year ends, trade data on the final months of the year are... Read more.

2012-13 domestic wheat price range raised

07/13/2012 7:45:00 AM

According to the USDA's Wheat Outlook report, The 2012/13 season-average farm price range is projected... Read more.

Winter wheat production down 1 percent from June

07/11/2012 7:44:36 AM

According to the USDA's Crop Production report, winter wheat production is forecast at 1.67 billion... Read more.

All wheat acreage up 3 percent

06/29/2012 7:56:44 AM

All wheat planted area is estimated at 56.0 million acres, up 3 percent from 2011. The 2012 winter... Read more.

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