I would like to personally welcome all of the Columbia County members to our new company. May 1, 2016 was the effective date of the merger. The staff is busy transferring records and balancing our books. In the mean time if you have any questions, please don't hesitate to call Mitch or myself. Thank you, Chris.
The seed plant will be open on Saturday from 8:00 am to 2:00 pm
SWW 8:30am -11am and 2:30pm to 4:30pm (no markets Friday afternoon)
HRW & DNS 8:30am to 11am (no afternoon markets)
5/4/16 - Much quieter today as the wheat market is trading nearly unchanged after trading a few cents higher early this morning. The dollar index is higher and may be confirming yesterday's reversal. The Kansas wheat tour saw yields on day one average 47.2 bpa versus last year's 34.3 bpa.
The Weekly Top Five
These are the 5 biggest issues that NWGG feel are affecting today's markets and items to watch for as we progress through the year.
1. 4/4/16 The USDA put all wheat acreage 49.6 million after a larger than expected cut to spring wheat acres was revealed on the Prospective Plantings report. This would be the lowest wheat acreage since 1970. 2. 4/4/16 The International Grains Council cut their global wheat production projection by 30 million metric tons this year versus last year which will help reduce burensome supplies. 3. 4/4/16 India left their wheat import tax in place at the end of March which is a disappointing signal to those looking for India to be a large wheat importer this year as production expectations have been cut due to poor weather. 4. 4/4/16 The freeze damage to the winter wheat crop is still being assesed in the Southern Plains but the market isn't too concerned about it right now. The general consensus at the moment is that not enough wheat was in an advanced enough state to cause widespread damage. Dry weather is quickly becoming a larger concern in the western end of the Plains. 5. 2/22/16 Old crop world wheat supplies are more than ample this year after the world produced its third record crop in a row. Some major weather development will be needed this year in order to improve the outlook for prices.