Knowing the harvest progress is very important. We need to know what’s going on before making any decisions. Occasional showers over the next week to 10 days will cause minor slowdowns in harvesting the US corn and soybean crops, an agricultural meteorologist said. “The bottom line is they’ll fall short of perfect harvest weather but will be able to chip away and be close to complete by the end of the month,” said John Dee, meteorologist for Global Weather Monitoring.
2. http://www.agweb.com/article/feed_demand_for_wheat_to_soar/
Wheat is consumed both by human and livestock. The U.S. wheat supply will dwindle as poultry and livestock producers continue to turn to wheat as an economical feed source. In the same report, USDA projected a reduction in the global wheat supply. Total world wheat production is now estimated at 653.05 million metric tons, down slightly from last month’s estimate of 658.73 million metric tons and more than 7 percent smaller than 2011-12 world production of 695.69 million metric tons.
3. http://www.agweb.com/article/cme_group_to_acquire_kansas_city_board_of_trade/
CME Group, the world’s leading and most diverse derivatives marketplace, and the Kansas City Board of Trade, the leading futures market for hard red winter (HRW) wheat, announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT).