04-06-2014 08:54 PM - edited 04-06-2014 08:56 PM
A pretty substantial area of southern wheat in KA, OK, TX -- received/still receiving - some (not huge amounts- 0.1-.50 inches) precipitation which could be life saving at this point --------------------but the market is up tonight.
what's this communicate to you, Palouser?
04-06-2014 09:17 PM
04-06-2014 10:05 PM
04-06-2014 11:24 PM
I don't get much meaning out of a day's or session's move. A weeks move maybe. There's no doubt that if the current moisture forecast for the Southern Plains is light the market is probably going to react to the higher side. Probably the next three weeks will show the trend. Either there is enough rain or it stays on the knifes edge. No doubt wheat is being evaluated as poor enough to tear up but, we still don't have much of a numbert to go on other than the condition ratings, and they are rather vague as to how much wheat is actually done for. Just a waiting game.
04-06-2014 11:34 PM
04-07-2014 12:11 AM
Blue must mean water, water must mean the crop is as good at it can possibly be. If we saw it on our Chicago computer screen it must be true right?
We still have a chance thru the night and tomorrow, I'm betting come Tuesday I don't have enough moisture in the gauge to even dump. I sure hope I'm wrong.
04-07-2014 06:55 AM