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Tuesday, April 14, 2015

US Wheat crop condition OK, but precarious

By Angus Brown  |  Source: USDA, CME

US wheat markets have recently seen some price volatility because of weather concerns surrounding dry conditions in important wheat growing areas. When the forecast looks dry, prices start to rise. Conversely, when some rain appears, prices ease, as the crop is currently looking pretty good. This article looks at the US crop condition and potential impacts on prices.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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