I am watching the weather in North Dakota this week. North Dakota plants about 50% of the US Hard Red Spring wheat crop. However, yesterday’s USDA Crop Progress report showed only 70% of their HRS spring wheat has been planted. This signals that total HRS spring wheat planted acres may be 1 million acres (8%) below the USDA January Prospective Plantings report.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.