Grain traders are concerned about the condition of winter wheat. “I drove back from Houston, Texas last week and the winter wheat was green. This cold will hurt the wheat in Oklahoma and Texas,” said Randy Martinson, market analyst, Martinson Ag Risk Management. “A lot of that was already looking like it was going to be out of dormancy. We could see as much as 25 to 30 percent damage to the crop. I don’t know if it will be that severe, but we will lose some of the crop.” Firmer winter wheat prices should help spring wheat compete for acres. “In the big picture, spring wheat will lose acres if it doesn’t start participating as well. Soybeans and canola are trying to grab as many acres as possible.”
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