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IAG Revised Production lower.
USDA at 47.2 bu/acre US avg on May WASDE report. IAG is revised lower to 46 bu/acre.
Our carry out estimate for 2017/18 is already close to 850 million bushels with a crop that looks to be shrinking.
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2017 IAG Wheat Tour Final Thoughts
Parts of Oklahoma and Texas that were planted later in the fall started in very dry conditions then received as little as one inch from November thru March. These fields were poorly established but recent rains probably added yield potential. There was late frost in April but little freeze damage was observed.
The damage caused by the recent snow in Kansas is still unclear, but there are areas where the snow did cause the plant to snap.
Overall, I would say the more important issues are widespread disease pressure (mostly rust), weed control and fertility concerns caused by the recent heavy rains. A further concern is that the late rains will increase yields at the expense of protein and test weight.
Low prices and poor stands caused some to hold back on inputs. Expect higher abandonment in Oklahoma for the same reasons.
See you next year!
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So central Oklahoma.
Poor start in the fall.
Recent rains will add yield to an average stand.
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Near Stratford Texas. Dry land . Dry fall, frost 3wks ago, rust. Holding up well, 35 bus likely.
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This field was under snow yday. Irrigated will likely make 80bus . Old variety.聽Near Stratford Texas.
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About 30 mis east of liberal KS . Just getting into where the worst storms were. Lots of down wheat. Need to see more .
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Just east of Stratford Texas. Utility poles were snapped off at the base for about 5 mile stretch. Day before this pic was taken, the roads were closed with more than 1200 trucks held at Stratford while the storm passed.
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