The wheat acreage mix is an unknown in the United States with prevented plant playing a role. Global Commodity Analytics and Consulting President Mike Zuzolo says traders are very unsure about acres. “I think the market is very nervous post holiday what USDA will show in the planting progress report. With Minnesota at 11 percent planted on spring wheat compared to 85 percent one year ago. North Dakota was at 27 percent planted versus 93 percent one year ago. There’s a lot of talk about prevent plant.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.