Wheat Outlook

  • August 7, 2018 – This week’s WASDE will provide important information for wheat production questions in the U.S. and eastern Europe. If the El Nino weather pattern develops as forecast, that would be positive for U.S. winter wheat crop prospects in 2019.
  • July 27, 2018 – The US spring wheat crop condition index held steady and above long term averages again this week. But the Wheat Quality Council’s wheat tour put the estimated yield below the five-year average. This along with crop concerns in Europe/eastern Asia drove KCHRW prices back to $6.
  • July 20, 2018 – Spring wheat conditions in the U.S. are still relatively strong while U.S. wheat exports struggle in the new marketing year. The prospects for an El Nino winter look more likely with each passing week with the forecast increasing in both intensity and duration.
  • July 2, 2018 – With winter harvest 50% complete, crop conditions have stabilized–no changes from last week. Spring wheat condition rating is just above normal. Index funds continued liquidating long positions last week ahead of the Acreage and Grain Stocks reports.

 

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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