Feed wht vs #2

[freewheat]

As long as your wheat is lowish fuzz, the pig barns take some pretty DARN UGLY wheat.

Hard red is a dead horse on this farm.

[Oilking]

I never seeded an acre of red spring wheat this year. I know others have done the same. Tired of the no cars excuse and wide basis bullshit

[Oilking]

I never seeded an acre of red spring wheat this year. I know others have done the same. Tired of the no cars excuse and wide basis bullshit

[fjlip]

Hopefully enough wheat acres are reduced world wide to reduce supply and increase prices. Too much grain/oilseeds every where. Farms doing food at a loss, but 98% of people are laughing. Oh ya, they all support us! Ag more than ever, I see less profit for all farmers. Wages keep up with costs, our prices stuck in the 70's!

[farmaholic]

Our "solution" is to ramp up production to offset the price shortfall. Like all other businesses, right?

[charliep]

To answer the last 2 posts, USDA did their first 2015/16 crop production and consumption forecasts. Link below.

[URL="http://www.usda.gov/oce/commodity/wasde/latest.pdf"]WASDE[/URL]

Recognizing that wheat is being harvested somewhere in the world every month, the vast of majority of northern hemisphere winter wheat will be harvested over the next 3 months.

If you look at the first estimates (things will change), the world production is estimated to equal consumption. The challenge is the continuation of a relatively big world wheat carryover.

I think the wheat market is trying to bottom. Up at resistance levels on the charts - need to break to make the next move higher.

[Partners]

Richardson's raised there price .64 cents today..

[farmaholic]

Sold the last of those 40 tonnes today for $5.21/bu, it was already delivered and on a basis contract from when I hauled all the wheat in. **** it......

Will be interesting to see what happens over the next week, was up sharply today. I guess I don't care because I'm out and tend not to presell wheat I don't have or know the quality specs of....

[ajl]

Fjlip: private sector wages frequently lag inflation and do not keep up with costs as well. (Public sector different story). Lots of people have not seen a raise in the last number of years. My wife got a small one this year: the first in three years. Still lots of minimum wage out there even in Alberta where you heard about labor shortage the last three years. The NDP will solve that problem.

[fjlip]

Still there are NO wages stuck in the 70's.