date:Jan 09, 2013
y, but with demand behind USDA's initial expectations and a carryout that is not overly tight by historic standards, we continue to struggle to gain traction to the upside.
Wheat over the last 10 years has seen six higher years and four down years. The four down years averaged a 36-cent loss and the six up years averaged a 13-cent gain.
On Fridays report, we are going to see the USDAs first thought on winter wheat acreage. We are expecting to see an increase of 2.1 million acres from last year