Wheat Outlook

  • June 18, 2018 – Today’s Crop Progress report showed significant improvement in the condition ratings of the U.S. wheat crop, winter and spring. Price movement is once again following a more typical harvest pattern. The ENSO update this week moved to an El Nino watch for this fall.
  • June 13, 2018 – Here is a recap of the June WASDE and June Crop Production report for wheat. U.S. wheat stocks are down slightly on export adjustments while world stocks saw a small increase.
  • June 11, 2018 – Wheat crop ratings this week were steady but still below average for winter wheat; steady but near average for spring. Speculative traders were considerably less bullish according to positions reported by CFTC last week, KC wheat the exception.
  • June 4, 2018 – Winter wheat condition ratings were lower this week, the US crop index down 2 points and Texas down 9 points. Percentage of crop in very poor and poor condition was up in both Kansas and Colorado. Spring wheat 97 percent planted and first crop ratings about average.

 

Mark Welch
Texas A&M AgriLife Extension Economist

600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu

The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service.  Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter.  Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.  The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating

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