Growing Degree Days (GDD) are an indicator of expected crop development based on weather conditions. GDDs are calculated by taking the mean temperature over a day and subtracting a base temperature. For most cereal grains, the base temperature is considered 5 degrees C, as they require around 1200 GDD to reach maturity.
This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »