Monster Yield Potential

Monster Yield Potential. I’m Greg Martin. This is Market Line

Market Line July 30, 2009

Field surveys on the first day of the Wheat Quality Council’s annual U.S. spring wheat tour showed the crop has the potential to produce the highest yield in years. Louise Gartner with the Linn Group.

GARTNER: And as expected seeing some pretty impressive yield estimates coming out of many of the regions. North central North Dakota today announcing that they’re probably looking at 53 bushels an acre, that is more than double what they produced last year.

Based on surveys on 165 fields Tuesday, the average yield calculated for hard red spring wheat was 45.7 bushels per acre, up from the 37.6 bushels last year. That is the highest yield calculated on the first day of the tour since at least 2001.

On Monday Chicago Sept wheat was off 4 ¾ at 511 1/2

Sept corn closed up 2 at 320 3/4

Portland soft white wheat 5.10 – 5.20

Club wheat mostly 6.50

HRW 11.5 % protein mostly 5.87 up 5 to dn 3

DNS 14% protein mostly 6.83 dn 3

October live cattle closed 89.250 dn 1.325

October feeders 102.225 dn .975

Sept Class III milk 12.11 off 17

I’m Greg Martin and that’s Market Line on the Northwest Ag Information Network.