People are also reading…
ADM Investor Services said, “Prices were up $.05-$.11 today as the market adjust to fewer US acres. MGEX futures was the leader to the upside, perhaps in a bid to attract more acres this spring. In the US widespread rains for the central and ECB this week. Heavy accumulation of 8+” for areas of the southern Midwest into the Ohio Valley region will likely produce flooding and planting delays. Some replant may also be necessary.” Austin Schroeder at Barchart.com said, “The annual Prospective Plantings report showed 45.35 million acres of wheat intended this spring, which is well shy of the 46.53 million acre trade average guess. Winter wheat acres were down 800,000 acres from the January Winter Wheat Seedings report at 33.315 million acres, which is also 75,000 below last year. Spring wheat was tallied at intentions of 10.02 million acres, below the 10.531 million acre trade estimate.”





