Wheat

[blackpowder]

So, everyone figures wheat yields pretty good this year. I debate that region wide but nonetheless.
If it's that good basis won't go much down from where it's at then? We've got -$50 here.
Move it shortly or store for several months?

[BreadWinner]

It isn't in the bin yet!!! Hail, heat, frost, rain at harvest, ergot, midge damage, black point, mildew, sprouts,to low protein,to high protein,the list goes on and on. Lots of things can happen yet.

[bucket]

A couple weeks with no rain, which is normal, will take more yield out than all the yield saving sprays most young bucks used and won't be realized until they get in the combine.

But hey, they spent the money, its guaranteed to be a bin buster. Or at least an input bill bin buster.

[blackpowder]

Oh, absolutely! But a previous thread had some thinking wheat was all good.
Most fields here u can see the rows. Canola standing straight up. Back to long term average I think. A very few like Tom have bumpers.

[wmoebis]

Prolonged heat at maturity can also lead to heat stress as a subjective factor degrading crops.

[farmaholic]

I need to rethink this "full meal deal" "super size me"attitude to crop inputs. Its hard on the bank account and risky. Then to have the Prarie Pirates grade it with the Hubbell telescope. Wheat looks good though, but esthetics of a crop in the field doesn't pay the bills, like you said, too much can go wrong yet before it is in the bin.

[farmaholic]

Aaaaa yes, the "subjective" grading factors.....if you can't measure it, f off with your "opinion". Not directed at you wmoebis.....

[mbdog]

you think movement/basis was tough on farmers last year....your wheat better be pristine this year. IMO too many want to maintain a feed glut. Will be like Santa...checking his list who was naughty or nice with the fungicides. Trapped.

[ajl]

Wheat marketing has two options: 1) light it on fire 2)build bins and store until there is a real production problem in the world sometime in 2017. Still have to point out to people that they are losing money on wheat.

[blackpowder]

That was insightful.