Wheat on May 12, 2021, in Burleson County. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Wheat farmers are facing higher wheat prices than in previous years and higher production costs. Today, Pancho Abello gives us a winter market update on wheat. Which are the local and worldwide drivers to consider? How is La Niña impacting wheat production? [Read more…] about High Plains Ag Week 2-7-2022 – Wheat Market Update
Today we review the January WASDE, which had a significant revision for one major crop grown on the Texas High Plains.
Today on HPAW, we discuss land use in the 26-county area surrounding Amarillo, in a preview of the Impact of Agribusiness in the High Plains Trade Area report.
Happy Day-after-the-4th of July (what some people would call the 5th of July)! Last week’s USDA ‘Acreage’ report saw an unexpectedly high number of acres that sent the DEC Corn contract down significantly with reverse moves in the cattle contracts. [Read more…] about High Plains Ag Week 7/5/19
This week saw a rise in grain and soybean contracts followed by a decline on ‘profit taking’ in managed money accounts. DEC Corn rose to a little over $4.70 on Monday and has traded below that level for the rest of the week. USDA Crop Progress on Monday finally had corn plantings at 92% which is still behind average planting pace, but is the first week to rise above 90% for the 2019 crop year. [Read more…] about High Plains Ag Week 6/20/19
Written with: David Anderson
Corn: The shortened week following Memorial day saw continued growth in grains and cotton with declines in the nearby live and feeder contracts. In the last three weeks DEC Corn ($4.326/bu) has climbed almost 20.0% on significant planting delays, particularly in the Midwest. As of May 26 the Crop Progress report has Texas at 93.0% complete in corn plantings, although I’ve heard of some delays in our northeastern counties. The Texas A&M AgriLife Extension budgets for District 1 estimate a break even price for irrigated corn of $4.01. Given the increasingly uncertain trade environment (more on the newly proposed tariffs on Mexican products later), and the stage of production for the year, this might be a good opportunity to protect production with some puts or another form of risk management. [Read more…] about High Plains Ag Week 5/31/19