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I’ve been exposed to the PNW market for 18 months now. Feeling more than a little overwhelmed with the market adversities, but I find out from my producers that I am not alone. Never have they experienced this scenario where the US dollar is so strong, wheat yields exceptionally high so supply is strong, falling numbers such a big issue hitting the bottom line, an unknown farm-bill with a new Presidential administration coming into power.
All-in-all the short term markets are very uncertain, making it next to impossible to plan and make input decisions for the upcoming crop year. Simply put, most growers don’t know what they will be planting. We saw a drastic reduction in the amount of winter wheat seeded this past fall, and by all indications the spring wheat acres follow that same path. So…. Pulses? Canola? Perhaps more CRP? Your guess is as good as mine! Regardless I wish you all a good spring in whatever decision you make.
Here was an interesting blog I thought you may enjoy: . . . . . . . . . . . . . . . . . .