Wheat has been the whipping boy of the market for the past several years and the short leg of every spread. Unlike corn and soybeans, which are the same around the world no matter the origin, wheat is more complex.The world has produced four consecutive wheat crops, and “awash in wheat” has long been the slogan among analysts. However, there aren’t many analysts of this commodity around anymore, and it has become difficult to find wheat commentary. One significant reason is that while corn and soybeans are the same around the world no matter the origin, wheat is more complex. Following are some of its distinctions:
USDA/FGIS recognizes eight different classes of wheat: hard red spring, hard red winter, soft red winter, hard white, soft w...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
