Delayed flight to Kansas, but boots-on-the-ground wheat tour is underway
Covering a 720-mile loop:
Wichita → Granada, CO → near Burlington → Salina, KS
Focus area: Western Kansas & Eastern Colorado
Hard red winter wheat is struggling badly
🌾 Crop Conditions – Concerning Signs
Wheat developing way too fast due to drought
Reports of:
Wheat only 8 inches tall already heading
Crop that should be “booting” already pushing ahead
Salina, KS:
On pace for earliest harvest ever
Implication: serious yield concerns
📸 What We’re Doing
Conducting a pictorial crop tour (non-scientific)
Posting:
Photos & videos starting Sunday into Monday
Access via:
30-day free trial at HeartlandInvest.com
Or call: 701-222-0221
📉 Market Recap – Volatility Everywhere
🛢️ Crude Oil Driving Early Weakness
Crude dropped $13–$14/barrel overnight
Trigger: comments about potential US/Iran deal
Iran pushed back → market rebounding slightly
Now crude:
Down ~$8.58 at $82.60
About $4 off the lows
🌽 Grain Markets
Corn
July: down ¼ cent → 457½
December: down ¼ → 476½
Soybeans
Recovered after early losses
July: up 2¼ → 1182¾
November: up 1½ → 1157½
Wheat (Weather Whiplash)
Early losses on rain forecasts
Rain now being pulled OUT → support returning
KC July: down only 3¾ → 651¼
Minneapolis July: up ¾ → 667¾
Chicago July: still down 8¼ → 598¼
🐄 Cattle Markets – Extremely Volatile
Opened higher → then sharply lower → now mixed
Feeder cattle:
Hit limit down at one point
Now down ~$3.32 → 365.20
Live cattle:
June: down ~$0.70 → 240.70
Possible driver:
Uncertainty around comments from Secretary Rollins (border concerns)
🥇 Metals & Energy
Gold: up $73 → 4881
Silver: up $3 → 81.69
Gasoline: down 16 cents
Diesel: down 41 cents
📊 Bottom Line
Markets reacting to:
Geopolitics (Iran/US)
Weather uncertainty
Real-world crop stress
Wheat story is far from over as conditions worsen on the ground
Any questions, you can always find us at HeartlandInvest.com
Thanks for listening and have a profitable day!
