Loading…
Minnesota's Foundation Seed Services reported overall seed sales up 15% from 2022, with wheat sales down about 20% and oat sales slightly below 2022. Early intentions show fewer wheat, barley and oat acres in Minnesota this year as strong corn and soybean prices draw acreage.
Expected declines in small grain acreage, driven by stronger corn and soybean prices, point to tighter barley and oat supplies later in the year.
mncia.orgalanJun 30, 2023After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
