U.S. winter wheat planting lags five-year average, Rabobank says
U.S. winter wheat planting is at 8% versus a five-year average of 12% for the time of year, per Rabobank analysts, raising concerns about a possible second consecutive year of low production.
S. winter wheat planting is at 8%, below the five-year average of 12% for this time of year, raising concerns about a second straight year of weak winter wheat production, analysts at Rabobank said in a note. On the bearish side, Rabobank said global inventories are increasing as logistics constraints continue.