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Drop in USA Wheat Today! Oh thats us with Min!

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  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485

    Drop in USA Wheat Today! Oh thats us with Min!

    Grain markets are mostly lower with wheat catching the brunt of the selling. The US Dollar is sharply higher.
    You see a little bit of rain from a tenth to half a inch happened. Some local areas received 1.5 but most was just a dusting.
    Ah how fickle the prices really are.
  • grrrr
    Senior Member
    • Jan 2004
    • 430

    #2
    Prices go up. Prices go down.

    Comment

    • SASKFARMER3
      Senior Member
      • Feb 2006
      • 14485

      #3
      Yes GRRRRRR they do but if your dry or ever been dry a half inch doesn't really do parched soil any good but make a few top weeds grow. Its a observation that this morning the Wheat market is off do to a rain event.
      Remember the USA crop has about three lives left. Now a frost at the end of April all way down south and then all bets are off. But with warm summer temps and a little water their off to the races today.

      Comment

      • samhill
        Senior Member
        • Jun 2009
        • 896

        #4
        Yeah, a warm day in Ks or Ok isn't just 70*F.

        Comment

        • Oilking
          Member
          • Dec 2013
          • 64

          #5
          With today's drop in price, I am glad I am not growing an acre of red spring this year. What a bad crop to grow. Either there is terrible movement or a bad price. Not worth growing in my opinion

          Comment

          • malleefarmer
            Senior Member
            • Nov 2005
            • 5424

            #6
            go long you will pick up 10 cents tommorow

            Comment

            • wakopa
              Senior Member
              • Feb 2011
              • 408

              #7
              I see some gains on a lot of months at the end of the day or am I reading this wrong , but then the sky isn't falling around me like some 29

              Comment

              • crusher
                Senior Member
                • Jun 2001
                • 1188

                #8
                Down 10% in a week. That's what I see. Double ouch.

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