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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
