The weather forecasts continue to influence the wheat markets. Northstar Commodity Chief Market Analyst Mark Schultz says Minneapolis wheat is struggling. “There is some rain back in the forecast for Canada. Though, I think we’re early,” says Schultz. “There’s no real threat on the spring wheat crop at this time.” Quality concerns on the winter wheat and weather are also a factor for the spring wheat. “It’s a wait and see on the protein levels on the Kansas City Hard Red Wheat, if it is poorer than normal, which is expected. One would think eventually the demand for spring wheat would get stronger.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.