The wheat numbers in last week’s USDA monthly crop report could garner the most attention in our view. USDA, we expect to place more attention on old crop corn, soybean and wheat supplies.
But as one bottom line analyst suggested, he sees USDA quote sitting on their hands again this month, US and world supply demand numbers waiting for July and even more so into August and also tariff talks continuing. Now we do see wheat numbers getting more attention and with the hard red harvest moving north, crop conditions improving in the western parts of Nebraska and Kansas and most adjustments unfortunately for producers will not be friendly to the market. This is the bottom line report.
And wishing you a profitable day, I’m Mark Ophold of the Southeast AgNet.