DJ September U.S. Wheat Production Estimates — Survey
New York–The following are analysts’ estimates for 2017 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Friday.
2017 Wheat Production
Average Range August 2016
General Comments: Cotton was a little higher, but prices remain in a trading range overall. Export sales reported by USDA were OK, but not great. USDA will issue its quarterly stocks estimates this morning. The current weather in growing areas should continue to promote rapid development and harvest progress. The harvest ahead seems […]
This morning we jumpstart the day with Personal Income at 7:30 A.M., Chicago PMI at 9:00 A.M., Grain Stocks and Small Grains Summary at 11:00. On the Corn front we still are showing weakness in the entire Grain Complex as harvest is moving at a rapid pace with more than ideal weather to clear the […]Continue Reading →
Oil prices surged this quarter as Brent crude put in the best performance in 13 years. This comes as oil demand is surging, geopolitical risk is rising and Moody’s warns that shale oil producers will need $50 a barrel plus oil to make any money. Shale oil producers have shown signs that they are pulling […]Continue Reading →
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