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wheat prices

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  • malleefarmer
    Senior Member
    • Nov 2005
    • 5424
    #1

    wheat prices

    What will be the key factors for a turnaround in wheat prices and when?

    Dry season on the plains in the usa?
    Easing of fears in the europe?
    Inflation?
    Wet harvest again in australia?
    Demand as the best cure for low prices is low prices.
    More activity by hedge funds?

    Its all just a tad gloomy for short term,sure ive sold about a third of my production back in feb this year for this years harvest and sold wheat during april june period but ive got another big production year on the cards here.

    Guess i will sit tight till 2012 and see what happens.

    Any input would be good as its actually a marketing forum
    Tags: None
    • cottonpicken
      Senior Member
      • Apr 2006
      • 6993
      #2
      My opinion is to sit tight,very little downside risk,huge
      upside potential.

      Awesome volumes,fund guys putting out buy signals.

        Comment

        • cottonpicken
          Senior Member
          • Apr 2006
          • 6993
          #3
          Excuse me while i kiss the sky


          http://www.youtube.com/watch?v=S7kC4qVkcqI&feature=related

          We are makin money today!

            Comment

            • Hopperbin
              Senior Member
              • Dec 2007
              • 6562
              #4
              Local feed prices rising here, local mill had to shut down for a couple hours because of no wheat. Then 3 of us showed up at the same time, sucks I was last truck but not going to complain.

                Comment

                • Hopperbin
                  Senior Member
                  • Dec 2007
                  • 6562
                  #5
                  Holy shit cotton, my volume was set a little high there, should have expected a link like that from you :-)

                    Comment

                    • charliep
                      Senior Member
                      • Oct 2000
                      • 9002
                      #6
                      Just curious what price you are selling at and approximate area. Just asking because todays PRO for a 1/2 CWRS 11.5 protein is the range of $5.50 to $6/bu depending on the area.

                      Feed wheat in Alberta (ACPC website) has a similar range. Feed wheat off the Manitoba Ag Website $6.09/bu.

                      Sask Ag and Food - $5.30/bu.

                        Comment

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