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Wheat is running today!
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JonSCKs
Posted 2/4/2014 11:54 (#3661797 - in reply to #3661701)
Subject: Re: Wheat is running today!


Not like anybody has been talking about this.. but..

http://www.nass.usda.gov/Statistics_by_State/Kansas/Publications/Crop_Progress_and_Condition/2014/monthly0203.pdf

First ratings for the HRW Wht in Ks is down:

3 VP, 17 P, 45 F 33 G and 2 Ex vs Last fall's..

http://www.nass.usda.gov/Statistics_by_State/Kansas/Publications/Crop_Progress_and_Condition/2013/wkly1124.pdf

1 VP, 3 P, 33 F, 56 G and 7 Ex

pretty substantial deterioration in conditions: + 2 VP, +14 P, +12 F, - 23 G and -5 Ex

My last planted has yet to emerge.. but we are getting snow today.. about 4 to 5" and a little wetter than expected.. maybe 0.60 or .70" before all is said and done.. (good start.. just need about 12" more to make the crop..)

It looks like some of the funds are lightening up on their short positions to cover Wall Street needs...$$$

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