Last Monday's crop progress report showed that 71 percent of the U.S. 2013 winter wheat crop has been planted. That is exactly on the five-year average for this date. USDA will not give us its official estimate of how winter wheat was planted until the second week in January, but our opinion today is that winter wheat acreage will be up from the current year with soft red winter wheat acres significantly higher. Here are some of the reasons we expect more winter wheat acres:
The initial and minimum crop insurance price level was established between 15 August and 15 September. That price is $8.78 for hard red winter wheat (HRW) and $8.57 for soft red winter wheat (SRW). Those are high prices from a relative standpoint and offer good gu...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
