Wheat The wheat market started off the week with a sharp sell off on rains that fell through Kansas and Nebraska. It appears most of the rainfall fell in an angle running along the Kansas Turnpike from Wichita to Kansas City. Roughly 0.75 to 1.25 inches hit that band. Southwestern Kansas received minimal rainfall.
Wheat Weekly in-state crop condition ratings released March 12 showed slight declines in Kansas but improvements in Oklahoma and Texas wheat. Kansas is rated at 12 percent good to excellent (-1 percent versus last week), 35 percent fair (-2 percent versus last week) and 53 percent poor to very poor (+3 percent versus last week). Oklahoma showed a 1-percent increase in the good to excellent ratings at 7 percent, 21 percent fair (+4 percent versus last week) and 72 percent poor to very poor (-5 percent versus last week).
Wheat The February U.S. Department of Agriculture report did not give us a lot of fresh news, which was not a surprise. They did raise U.S. ending stocks 25 million bushels, but the big surprise was they raised global ending stocks more than most analysts were expecting. We did see contract lows in both Chicago and Kansas City wheat. There is not much other news for wheat this time of year to get wheat prices moving on its own. Exports have been poor and the start of the year has been rough on the outside markets and crude oil prices.
Wheat There is not a lot of news for wheat this time of year to get wheat prices moving. Exports have been poor and the start of the year has been rough on the outside markets and crude oil prices.
Wheat There is not a lot of news for wheat this time of year. Exports have been poor, and the start of the year has been rough on outside markets and crude oil prices. Informa released estimates that 51.1 million acres of wheat will be planted for the 2016 growing season. That is 3.5 million acres less than the U.S. Department of Agriculture’s 54.6 million acres for 2015. For the week ending Jan. 21, March Minneapolis wheat gained 3 cents, March Chicago gained 1.25 cents, and March Kansas City slipped 2.5 cents.
Wheat Wheat started last week with gains, but collapsed later. There was no major reason for wheat’s decline to new lows, other than spillover pressure from the lower corn and soybean complex. For the week ending Sept. 3, December Minneapolis wheat dropped 11.25 cents, December Chicago dropped 18.5 cents, and December Kansas City gave back 15.75 cents Wheat opened lower with spillover pressure from the other grains and world economy issues. Financial markets were under pressure, which added to selling. But the U.S.
Wheat Wheat traded the first couple sessions last week under the gun, but shook off the negativity and traded with small gains to end the week. For the week ending Aug. 20, September Minneapolis slipped 5.5 cents, September Chicago dropped .25 cents, and September Kansas City gave back 8.5 cents. The first few sessions of the week brought selling pressure to wheat. Selling was tied to the thought that good progress should have been made on spring wheat harvest because of hot, dry conditions. Wheat tried to stage a slight recovery once the U.S.
Wheat Wheat traded back and forth last week, with the market starting and ending the week with gains, while selling dominated the middle of the week. For the week ending Aug. 13, September milling wheat dropped 6.75 cents, September Chicago slipped 7.25 cents and September Kansas City gave back 7.75 cents. Both September Minneapolis and Kansas City traded to new week lows. Wheat started the week off on solid footing, pushing higher because of commercial buying combined with speculative buying.
Wheat Wheat trade was mixed, with the hard wheat exchanges slipping lower, while the soft red wheat improves. The hard wheats continue to see pressure from better-than-expected production reports, while the soft wheat was supported by harvest concerns and strong exports. For the week ending Aug. 6, September Minneapolis wheat was off 5 cents, September Chicago was up 7.75 cents and September Kansas City was off 2.75 cents. The Minneapolis and Kansas City exchanges traded to another new weekly low. Aug. 3 and 4 had wheat on the defense.