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“A crop tour this week in Kansas will provide further clues of the damage inflicted to this year’s HRW crop from drought and frost. Today’s winter wheat production estimate is the lowest I see with just over 30 years of data readily available,” Mark Soderberg of ADM Investor Services said. “Chicago wheat traded $2 bu. over corn for the first time in two years.”
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“In today’s planting progress report, published after the close, spring wheat is 53% planted compared to 63% last year and a five-year average…
“Prices turned lower, unable to hold early strength. CGO July-26 was down $.03 ½ at $6.75 1/2., KC July-26 was $.06 ½ lower at $7.24 ¾, while…
“All three wheat classes are trading higher this morning as wheat seems to have a correlation with moves in crude oil, although weather is a l…
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