PRO FARMER
A sharp cut to the wheat crop stole the show, but don’t miss these important details.
USDA pegged the winter wheat crop at 1.047 billion bu., with new-crop ending stocks at 762 million bu. New-crop soybean and cotton ending stocks were also well below pre-report expectations at 310 million bu. and 3.90 million bales, respectively
President Trump has called for an immediate blockade of the Strait of Hormuz following failed peace talks over the weekend, prolonging delays of fertilizer and fuel trade, though other factors are in play.