Kansas Association of Wheat Growers
Hello Kansas Wheat.
This year’s wheat harvest is slowly chewing through the acres; numerous storm delays have been common. We see that in this map of last week’s precip…
Besides HRW and SRW harvest delays, the map shows the crop-saving rains in spring wheat country…AND surely the nation’s corn received a welcome drink as well.
Prices reacted, of course, and although the market knows these rains helped avert a disaster, for now, we’re about a month away from the key corn pollination window. Quite a bit of uncertainty remains on corn yields. Winter wheat is waiting to be cut; spring wheat is much better than it was; corn and beans more than likely are going to be pretty good. Sounds more and more like a “normal” summer.
And while that translates as “normal weather means normal prices, which means not too great” …more bushels are almost always better than fewer bushels
Source: Kansas Association of Wheat Growers