Below you'll find a list of all posts that have been tagged as “wheat prices”
The U.S. Department of Agriculture released the Winter Wheat Production forecast for June 2026 and the USDA Chief Economist Justin Benevidez provides his observations on the forecast. “The decline in production, I’ve realized this is going to be some of the lowest production since 1965, our lowest production since that period. Last year, percent rated good to excellent was around 52 percent, …
We keep an eye on winter wheat as harvest continues to roll north. Along with weekly condition ratings, USDA puts out a weekly wheat condition index. It encompasses a variety of factors. The 10-year average for winter wheat in this part of early June, 327. The index this week in Oklahoma scored a record low, 219. But it gets worse as you move north. …
We’re familiar with the weekly crop ratings, various categories from very poor all the way up to excellent. The condition index is also part of the trade we don’t talk about often, but winter wheat index for mid-May is near the lowest in 40 years. Crop index, again considering all the ratings categories and then relates them to history, the 10-year average index for …
