02-04-2014 01:37 PM
noted on a FC Stone report.
Kansas winter wheat conditions dropped significantly in the monthly state NASS report yesterday, coming in at 35% good/excellent, down from 65% g/ ex in November—the state accounts for 21% of U.S. winter wheat plantings for 2014. Oklahoma came in at 36% g/ex, down from 73% in Nov, with Ne- braska at 46%% compared to 72% previously, and Texas at 19% compared to 37% in Nov.
Reaction to the cold temps.
02-04-2014 02:05 PM
I agree Nitefarm. I'm sure that's why we saw the reduced condition reports. It will be interesting to see if this snow will ward another life to the Central Plains wheat crop and move the price lower after a little price rally. Seems everyone treats wheat like a crop with 9 lives.