KC July New Crop
KC July New Crop
Kansas City July New Crop Report
With soft wheat acres estimated to be 26% below year ago from 11.2 million to 8.29 million and hard red winter wheat acreage estimated to be down 3.2% from 31.22 to 30.2 million, any winter kill problems should have a dramatic effect upon prices. This winter, snow coverage has been less than ideal, and the temperatures have been colder than normal, so some winter kill likely has occurred. As usual we will not know for certain until the winter crop begins to emerge in the spring, and, as we all know wheat is a weed. The bottom being traced out has our attention as does the fact our blue line is inching closer to crossing the red.
Monday, January 26, 2009