Oklahoma Grain and Feed Association estimated Oklahoma HRW production at 54.3 million bushel using an average yield of 24.65 bpa. This compared to our estimate of 62.0 million bushel. The current estimate suggests harvested acres at 48%, the lowest in history and compares to the average of 56%.
Author Archives: Emily Conway
Brazil’s Bolsonaro authorized a new wheat import quota
Brazil’s Bolsonaro authorized a new quota to buy extra Mercosur wheat without tariffs. They did this last year and it puts US and other world wheat on even playing field for up to 750.0 kmt. This is more bearish Argentine values than bullish US values, but it gives HRW a chance in M/A/M shipmentpositions.This week…
US wheat loses business to Canada
The market was dead and especially for O/N/D where exporters have no interest unless they need something for logistics. Last week there were more soybeans loaded from the Texas gulf than wheat. Domestic HRW has not seen a train on the spot market in the past 7-days and pipelines are drawn down. Domestic spring wheat…
USDA March Prospective Planting and Stocks report
Cash wheat markets were dead today as traders focused on logistics for the long weekend & the shock of the USDA stocks & acreage report. They’re also busy with month end, end of quarter & some end of year reports & M2M. We spent the day working on the report & the impact on balance…
