Winter wheat is bad to worse
Monday, April 10, 2023 at 9:45:33 p.m. UTC
Top 3 – Things to Watch this week:
1. Ratings worries and dry conditions on the Plains lifted Kansas City futures. As of Monday the crop progress report good to excellent rating is only 13%.
2. Money managers continue to double down on their long positions for soybeans,
3. Seeding time. The market will revolve around seeding conditions and progress for the next month or so.
This week’s Action Item:
Kansas Wheat is under stress this means that new crop prices should start to increase. It would be wise to have targets in place.