Although the market can now put the South American soybean crop in the rearview mirror, one potential problem remains. Meanwhile, the U.S. southern Plains hard red winter wheat crop, well ahead of normal in terms of development, is getting deeper into trouble every day. Another USDA WASDE (supply and demand) report is behind us, one that again increased production and ending supplies. It didn’t leave much to talk or write about. Big crops in South America are getting bigger. The U.S. will retain its status as the world’s residual supplier, although most commodity groups hate the use of that term. There also isn’t any apparent end in sight to the strength of the U.S. dollar. This hurts U.S. exports, especially when world supplies are cons...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Biofuels, Energy, Softs, Australia