PIXABAY

Jan 31, 2023

Report: Wheat health not improved by recent rains

Wheat-heavy Plains are still in need of cooperative weather going forward to avoid yield losses similar to last year.

The U.S. Plains has received well above average precipitation in January and drought levels have improved since last fall, but winter wheat health has not yet made a significant recovery, reportsReuters.

Nationally, U.S. winter wheat conditions at the end of November were nearly the worst ever for the date, and updatedstate reports on Mondayconfirm that the wheat-heavy Plains are still in need of cooperative weather going forward to avoid yield losses similar to last year.

TheUSDAearlier this month pegged combined winter wheat plantings in the top four states -- Kansas, Texas, Oklahoma and Colorado -- at 21 million acres, up 11% on the year and accounting for 57% of the U.S. total. All U.S. winter wheat area is estimated at an eight-year high.

Arctic blast impact

TheReutersreport notes that this week, grain traders are monitoring anarctic blastcold enough to potentially injure some wheat in the Plains, though many of the areas in question have at least an inch of snow on the ground, which protects plants against extreme cold.

Current forecasts suggest precipitation in the first half of February could lean above average for the Southern Plains, potentially chipping away at the stubborn drought, though wheat yields will be overwhelmingly dependent on March and April moisture.

Feed & Grain Staff

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Marketwatch: Feb, 02

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open: 6.7664
high: 6.8743
low: 6.7573
close: 6.8413

US Soybean Price Idx:ZSPAUS.CM

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low: 8.3238
close: 8.4491

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 6.6562
high: 7.6542
low: 6.6512
close: 6.9832