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The Agribusiness Update
The National Pork Board organized a foreign animal disease exercise, and Ethanol exports are down in March.
The Agribusiness Update
California growers out with new red or gold fleshed Kiwifruit, and RCIS and Zurich assemble team to address derecho damage claims with drones.
The Agribusiness Update
Clear up difference between yams and sweet potatoes, and J.R. Simplot acquires Pinnacle Agriculture.
Friday ended lower for wheat and higher for corn on a relatively quiet day of trading awaiting today's USDA report results.
Fruit Grower Report
Cider apples are not the same as what you buy in the grocery store for the most part. It's a unique challenge for orchardists.
The Wheat Quality Council Winter Wheat Tour continues to see poor moisture conditions the further south they go in the Plains.
Wheat closed with modest gains while corn closed fractionally higher. Wheat had modest gains to end the week but the trend remains bearish with little fresh news.
The wheat market needs to show better demand, even with U.S. winter wheat weather
slipping, as India continues to look to dump stocks ahead of another good crop.
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Wheat rallies on Friday but also reaches new lows earlier in the week.
March wheat closed slightly lower on the day Monday and down 7 cents from the overnight highs. Ideas that winterkill issues will not be known until harvest and that US export news remains sluggish helped to pressure. In addition, traders see the Canada data from last week as a possible reason for the USDA report out today to carry a negative tilt helped to pressure.
Egypt bought 60,000 tonnes of wheat from Romania for shipment in late December. This may have limited the strength for the market on Tuesday but global demand still looks to be on an uptick and this helped to support.
Late strength in soybeans helped to pull the wheat market up from the mid-session lows on Monday.
December wheat closed 8 cents higher on the day Tuesday and managed to jump over Monday's highs with active late buying. A jump in corn prices and more talk that wheat futures are oversold helped to support the higher trade.
December wheat closed 1/4 of a cent lower on the day Friday and 5 1/2 cents lower for the week. The market was lower for the 4th week in a row.
Corn, soybeans, and wheat all closed lower Tuesday with the market bracing
for possible increases in USDA's production estimates for corn and soybeans
Friday.
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