AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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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

Afternoon Comments 05/20


The Monday morning USDA Export Inspections report stated the latest wheat figure slightly above forecasts, which seemingly offered support for nearby futures. Moderate U.S. dollar losses and the precious-metal led commodity rebound might explain the last gains. July CBOT wheat futures settled 2.0 cents higher at $6.8525/bushel Monday, then rose farther in electronic action. July KCBT wheat rallied 7.25 to $7.45, while July MGE futures gained 7.5 cents to $8.1125.
Market Info

USDA wheat baseline, 2012-2021

USDA  |   September 14, 2012
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Each year, USDA updates its 10-year projections of supply and utilization for major field crops grown in the United States, including wheat.

A detailed discussion summarizing the historical forces determining U.S. wheat supply and utilization, and the analysis underlying the wheat projections for 2011-20, is available at http://www.ers.usda.gov/briefing/wheat/2012baseline.htm/.

Source: Wheat Outlook


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