The latest crop market report from AFBF economist John Newton, Winter Wheat Plantings Lowest in More Than a Century-A Clue to 2017-2018 Intentions, looks closely at USDA’s recent report on winter wheat and canola seedings. USDA's report provides the first glimpse into the 2017-2018 marketing year by identifying the acreage planted to red winter, soft red winter and white winter.
Now with wheat prices at multi-year lows, and cash prices substantially lower in parts of the U.S., U.S. farmers have responded by dedicating the fewest acres to winter wheat since 1909.
Also in this month’s report, Newton discusses the problems Chinese tariffs are causing for corn byproducts.
Download the full January 2017 Crop Market Update below.