No surprises for wheat farmers in USDA supply-and-demand report

From the Capital Press

The USDA’s latest supply-and-demand report held no surprises for wheat farmers, market analysts say.

“This is probably the most well-anticipated report I have ever seen,” said Dan Steiner, grain merchant for Morrow County Grain Growers. “As far as excitement or market movement, it’s completely boring.”

The USDA World Agricultural Supply and Demand Estimates projects U.S. ending stocks will be roughly 31 million metric tons, up 3.5 percent from 29.9 million metric tons projected last month, and up 16.7 percent from 26.6 million metric tons in 2015. Read the rest of the story here.