Western Canadian Weather and Markets

[malleefarmer]

Wetter than average conditions suggested here in Australia first time for abot 8 years and 2nd in 15 yrears.
You experts will correct me absolute mt Everest of wheat in the world.
We can even get wheat into Indonesia our nearest neighbour French and black sea wheat cheap. Path of least resistance for wheat is south and a big production year wolrd wide dear me.

In the old single desk days awb would just undercut the market to make sales and take profit from cash market domestically to make the pool sales look better alas cant do that any more

Hay is becoming a huge part of many operations here into japan and china a very good return per acre has really really taken off last 4 years. Had massive crops in the middle of our crop season and many chop them down for hay other hang on and the finishing rains just haven't arrived hence hay is a option for many growers.

Only advantage Australia has is freight advantage over the utopia Canadians farm in and possibly cheaper land but weve been over that before.

[sumdumguy]

A CWB salesman told me would have a huge party even when they sold wheat below the cost of production. He thought it was a lark.

[freewheat]

We froze up with creeks running, ponds in fields where there shouldn't be, and now a fair bit of snow. Less than usual, but still too much. Haven't been out of my area much this winter, so hard to compare.

Lots of winter left. Unfortunately.

[bucket]

Freewheat

How are you?

Sure miss your input on threads.

Would have liked your opinion on the global transportation hub file.

[vvalk]

Free wheat. If there was a thread I missed it. Did you get your crop off?

[freewheat]

Bucket and vvalk. I am doing ok. Never got the crop off yet. Looks like it is wintering well though. Not a single faba has shelled yet. So far...

Just haven't been chatty lately I guess.

[farmaholic]

Canadian wheat (non durum) stocks expected to fall to about 3 mmt, lowest levels since about the 30's. Canada may not be anywhere near the largest producer but it holds a fairly high ranking in export ranking. Our cheap dollar likely had a huge roll in helping empty the shelves. But there must still be too much wheat out there for Minni wheat not to rally, our shelves may have low inventory but others must still be well stocked (US). Egypt has enough wheat(in stock and transit) to last them til mid May
and they are playing the ergot card.

Would be nice to see a current world S/U chart, 101?

But the market could never be wrong, right?

[farming101]

Lots of charts here. Read em and weep.

<a title="US Wheat Associates February 2016 Report" href="http://www.uswheat.org/supplyDemand/doc/03669F60FF37F8A485257F54007259A9/$File/S&D%20160209.pdf?OpenElement#">US Wheat Associates February 2016 Report</a>

[URL="http://www.uswheat.org/supplyDemand/doc/03669F60FF37F8A485257F54007259A9/$File/S&D%20160209.pdf?OpenElement#"]http://www.uswheat.org/supplyDemand/doc/03669F60FF37F8A485257F54007259A9/$File/S&D%20160209.pdf?OpenElement#[/URL]

[farmaholic]

Always with them negative waves..... but I asked.

[farming101]

FWIW Aussie estimates place wheat production in Australia nearly
2 million tonnes under USDA estimates. They both can't be
right.
But sadly right now the forecasts are brutal.