All about wheat
Monday, May 15, 2023 at 2:54:27 p.m. UTC
Top 3 – Things to Watch this week:
1. “Producers are expected to harvest about 67% of their planted acres, the US Department of Agriculture said Friday. If realized, that would be the lowest harvest ratio since 1917
2. Kansas Wheat is retesting it’s high of 8.70 on Dec 2023
3. Market is focused on weather and drought. Seeding in both US and Canada going well.
This week’s Action Item:
If you haven’t done any new crop wheat yet, now maybe a time to consider a sale. Perhaps the use of a futures only contract would be wise.