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Oklahoma State economist Kim Anderson said Oklahoma faces a second year of short hard red winter wheat due to planting and growing-season problems. Forward contracts were offered at $8.50-8.60, and cash prices had fallen to just over $8.
A second short HRW crop in the southern Plains supports HRW prices, though the global supply position limits the upside.
oklahomafarmreport.comSpencer AndersonMay 23, 2023Not enough comparable past events yet for a historical read.
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.
