The smallest HRW production number going all the way back more than 45 years was 620 million bushels in 2002, although It's not likely we can see a disaster of this magnitude.We wrote back on 7 February about the worsening conditions across the U.S. HRW wheat belt in the U.S. Wheat prices had crashed over $1.00/bushel ($35-40/MT). We alerted our readers to the potential decrease for HRW production based on two factors:
USDA's winter wheat planting estimate showed smaller planted acreage than expected. It had been very dry and very cold since the crop was planted the previous fall.
It was, of course, too early to know how the spring season would play out from a weather perspective. The crop still had plenty of time for rains to improv...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
