So weve got a mountain of wheat in the world and is kinda hard to find a reason for a price increase in short term.
The aussie dollar currently at $1.06 against us dollar is helping our cause.
Canadian dollar similar problems.
A shift to more corn acres at the expense of wheat?
In Australia maybe a shift to more canola acres and barley at the expense of wheat.
A drought in northern hemisphere, winter kill.
seems like something from left field is needed to spike prices and if prices do spike is there enough credit in the world to pay for it?
was thinking we may see a inflationary effect but seems opposite is occuring.
best price going going foward for our standard apw wheat here in aust is $230 port basis which equates to about $200 on farm. Thats 9 to 11.5% protien sort of general pupose wheat which is our benchmark 2 higher protien grades aboves and 3 grades below. premiums and discounts apply for both at time of contracting.
Same time in 2011 were looking at $305 on farm.
Many marketing gurus suggest here could be a year to do nothing as they seem to think further downside is minimal but upside the same unless the odd weather spike occurs as mentioned above.
The aussie dollar currently at $1.06 against us dollar is helping our cause.
Canadian dollar similar problems.
A shift to more corn acres at the expense of wheat?
In Australia maybe a shift to more canola acres and barley at the expense of wheat.
A drought in northern hemisphere, winter kill.
seems like something from left field is needed to spike prices and if prices do spike is there enough credit in the world to pay for it?
was thinking we may see a inflationary effect but seems opposite is occuring.
best price going going foward for our standard apw wheat here in aust is $230 port basis which equates to about $200 on farm. Thats 9 to 11.5% protien sort of general pupose wheat which is our benchmark 2 higher protien grades aboves and 3 grades below. premiums and discounts apply for both at time of contracting.
Same time in 2011 were looking at $305 on farm.
Many marketing gurus suggest here could be a year to do nothing as they seem to think further downside is minimal but upside the same unless the odd weather spike occurs as mentioned above.
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