Market economist surprised by small spring wheat intentions

Market economist surprised by small spring wheat intentions

An extension grain market economist was surprised by the low spring wheat number in last week’s USDA Prospective Planting report.

“I’ve been looking for a big shift in the Dakotas away from soybeans and more into spring wheat, a traditional crop for them. And we’re not necessarily seeing that there.”

Ed Usset with the University of Minnesota tells Brownfield it’s difficult to pinpoint why U.S. farmers plan to reduce spring wheat acres three percent compared to a year ago.

Continue reading Market economist surprised by small spring wheat intentions at Brownfield Ag News.