For today’s quarterly commodity snapshot, we take a look at cherries and wine.
Northwest Farm Credit Services Bill Perry said their 12-month outlook calls for slightly profitable returns for mid-season cherries and profitable returns for early- and late-season cherries.
“Although Little Cherry Disease and cold mid-March temperatures will likely decrease the 2020 crop, the mid-season supply glut is still expected to reduce margins during that marketing window.”
Meanwhile when it comes to wine and the vineyards, NWFCS anticipates slight profits over the next 12 months.
“With overproduction in the two largest wine-producing areas, grape prices are falling and finding buyers for grapes is difficult,” Perry noted.”Sales measured by volume are declining as consumers cut back on alcohol consumption.”
Join us Friday as we turn to wheat and hay.
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