Frisky market rally ignores larger reality of oversupply

Source: Ed White, Producer.com, April 5, 2018 

U.S. wheat sales are lagging annual averages, but American farmers plan to put 12.6 million acres of spring wheat in the ground this season. That could take all-wheat seedings to 47.3 million for harvest in 2018, 1.3 million more than last year.

It was out with the old and in with the new when crop markets rallied on the United States Department of Agriculture’s planting intentions report.

But even though we all get frisky in the springtime and want to forget about the dreary old crop hanging over us, that friskiness can distract from reality.

Read full article here….

Image Source: Producer.com/Reuters photo

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