The Kansas crop tour wrapped last night with participants seemingly surprised and disappointed by the results. The trouble today is that few people actually go out and look at crops anymore, relying instead on the weekly USDA crop ratings.
The Kansas crop tour wrapped up last night, and it's probably safe to say as a general statement that the participants were disappointed in what they observed. Stunted wheat, poor tillering and lower kernel counts per head were common. The tour estimated the Kansas crop at 288 million bushels with a yield of 35.9 bushels per acre. This is better than last year but still far below the five-year average of 314 million bushels. It is interesting that tour participants were surprised by the results. WPI ha...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
