Idaho Farm Bureau's Podcast

Wheat Prices up! China Trade break-through?

May 22, 2018
Idaho Farm Bureau's Podcast
Wheat Prices up! China Trade break-through?
Chapters
Idaho Farm Bureau's Podcast
Wheat Prices up! China Trade break-through?
May 22, 2018
Idaho Farm Bureau
Show Notes
Wheat futures saw gains of 13 to 14 cents in the HRW and SRW contracts, with HdRdSpring up 11 cents. For the most part the Southern Plains is expected to see little moisture over the next week. That coupled with dryness in other major exporting countries supported prices on Tuesday. The US dollar index was weaker on the day. Winter Wheat conditions in KS improved by 7 points over the past week, with OK steady and TX down 8. Spring wheat planting is now ahead or matching the average pace in Idaho MN, ND and SD, with the other states lagging. Japan is seeking 96,000 MT of US and Canadian wheat in their weekly deal due today. Of the total, 63,000 MT is sought from the US.