OSU's Kim Anderson Reacts to the August WASDE ReportThu, 12 Aug 2021 19:00:48 CDT
The USDA released their monthly World Agricultural Supply and Demand Estimates (WASDE) report today. Dr. Kim Anderson, Oklahoma State University Extension Grain Marketing specialist, said, “we dropped a lot of wheat.”
In the U.S., wheat production was lowered to 1.6 million bushels, down 49 million from the previous forecast, according to the report. The projected 2021/22 season-average farm price rose $0.10 per bushel, to $6.70, as stated in the report.
“I think wheat came out pretty well in this report, as far as price is concerned,” Anderson said. “While the wheat report was bullish, I think corn and soybeans was neutral.”
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