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USDA Surprises with Lower Wheat, Higher Cotton, and Sunflower Acres  

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  • AgrivilleAdmin
    Administrator
    • Feb 2011
    • 987
    #1

    USDA Surprises with Lower Wheat, Higher Cotton, and Sunflower Acres  





    USDA provided a bullish surprise with lower wheat acres, but what does higher sunflower acres suggest?
    WTI crude oil futures soared 13% while U.S. Gulf urea prices also traded higher.
    The U.S. Midwest looks wet to start the month of April while the South/Southeast and Western Corn Belt (Plains) remains dry.
    The national U.S. wheat ratings in the 1st USDA crop progress of the season next week will look ugly.
    Funds are record long soy oil futures, and the oil complex and near a record long in the grain and oilseed complex.
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    • AgrivilleAdmin
      Administrator
      • Feb 2011
      • 987
      #2
      Happy Easter! Has the grain market finally divorced themselves from higher crude oil futures?

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