Wheat Conditions Struggling Nationwide

Nationally, wheat futures have rallied this week, primarily because of the wheat conditions across the Midwest. USDA Outlook Board Chairman, Mark Jekanowski, said for example in Texas only 28% of its wheat crop is rated good to excellent shape.

"But it's still a little bit too early at this point to make any real assessment about how that crop is going to emerge from dormancy."

He said the first official NASS estimate won't be out until mid-May.
However, the next round of USDA supply and demand forecast will be released Tuesday. Jekanowski said there could be changes to USDA's forecasts on the demand side, and for wheat, "the mail thing that we'll be looking at is export pace."

Which might be affected by things such as wheat export tax which began in mid-February and was ramped up even higher this past Monday. 

If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia.com