Market finished up today at this morning’s close in Chicago for March wheat futures. That is 2 whole points. Exports were on the low end of expectations, but as you can see the deferred month cash prices have slowly risen and are certainly decent . . . . . as we have been expecting, these later months should see good buyer demand on a year in the PNW with lower acres and production than last year when inventories ended really tight.
Dry and warm continues in the Hard Red growing area, where dormancy is now on. Here we go again . . . .Russian weather forecasters are talking about the coldest winter in twenty years. What do those weather guys know ……? But what we should know is that when the clock strikes to 2013, we will be in our seventh year of wheat pricing and demand being front and center. I guess it is real now.
I know it is big print below…..a quick cut and paste, but these dates were called to my attention by a local grower. That is the dates listed below are the new deadlines to report you crops and acreage to your local FSA office. These reporting dates have changed appreciably. Even if you are not enrolled in a program administered by the FSA and you just want to report your acres for a yield history, these are the deadline dates.
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