Your Pro Farmer newsletter (Aug. 14, 2021) is now available!

Pro Farmer
Pro Farmer
(Pro Farmer)

Wheat futures surged to new contract highs following USDA’s bullish report data on Thursday. The outlook is bullish and the technical breakout opens additional upside potential, but it also creates a selling opportunity. We advise wheat hedgers and cash-only marketers to sell another 10% of 2021-crop to get to 70% priced. Spring wheat producers should adjust sales according to your production prospects. We also advise all wheat producers to sell another 10% of expected 2022-crop production for harvest delivery next year to get to 20% forward-priced. Download this week's newsletter here.

 

Latest News

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After the Bell | May 20, 2022

Wheat futures extend steep selloff on heavy liquidation to end lower on week; soybeans surge to four-week high.

Another bearish placements figure

USDA's estimated April placements down 0.9% from last year, whereas traders expected a 4.6% decline, on average.

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Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

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