Wheat
Highlights of USDA’s Weekly Export Sales Report.
Sends baseline report to Congress.
Farmers are anxious to begin spring planting, but “hope” is now the predominant emotion driving grain marketing plans.
Says its reviewing changes to meet customers’ needs.
Editor Chip Flory and Senior Market Analyst Brian Grete discuss 13 things to watch in 2013.
But much more precip needed to alleviate long-term dryness.
Also notes that drought has impacted conditions in the Midwest.
Warmer temps increase moisture needs, drought to remain.
Margin changes effective August 5, 2012.
Cereal supplies improve in spite of tight coarse grains.
Beige book highlights recent economic activity.
Says U.S. HRW wheat area also in need of more precip.
The decline was driven by sharp falls in international prices of cereals, sugar and oils.
Models split as to strength of episode this winter.
The food price index rose from last month, but the drop in energy was more than offsetting.
Says Commission should take immediate action and punish any wrongdoing.
Says Districts reported mostly favorable ag conditions.
A repeating pattern is forming to bring more active weather.
Slips back to a level last seen during the 2008-2009 recession.
One-category improvement in some Midwest areas.
The last few weeks have shown a roller-coaster of a ride with the 50-day Moving Average. Worried about marketing your crops and livestock this year? Read Bill Biedermann’s column to gain insight on how this year’s corn, soybean and wheat crops, along with hogs and cattle, could play out in the market.
USDA’s World Agricultura Supply and Demand Estimates for March increase corn carryout by 100 million bushels.