Gary Hofer: MARKET BULLETS

U.S. national winter wheat planting reached 19% as of Sept. 20, down 4% from last year and only 1% off the five-year average.

USDA on the 21st rated topsoil moisture in Kansas at 59% adequate to surplus, Oklahoma’s at 49% and Texas at 32%.

Washington’s winter wheat crop is 55% in the ground, versus a 56% five-year average. Idaho 27% in v. 24% normal, Oregon 19% v. 15%. There is no stress on the market from these stats!

Corn harvest is just beginning to roll, with 7% done versus the 15% five-year average. Soybeans 3% in the bin versus 7% normally by now. Ho Hum!

The wheat, corn and soybean mark...