Hrsw @ $7.60

[furrowtickler]

This may explain things a bit ...

That's what "drought" does for some that have never really experienced it .
Picture from Montana just a few days ago

That what it was like here in 2001 and 2002

[farmaholic]

There's a BTO who seeded Winter Wheat into an old established hayland last fall,,,, looked about twice as good as that before the life saving rains here. Our spring wheat likely would have lost all it's tillers too....

[helmsdale]

This may explain things a bit ...

That's what "drought" does for some that have never really experienced it .
Picture from Montana just a few days ago

That what it was like here in 2001 and 2002

This time of year 2 years ago I went through the motions of spraying, all the while thinking to myself I had the wrong product in the tank... Rather than thumper and horizon it should have been roundup and heat! Didnt bother to rain until late in the first week of July. 16bu/ac and it had everything short of the kitchen sink thrown at it. Banking got real creative. Some days you found yourself wondering how well a brinks truck was really armoured...

[seabass]

Where u at Helmsdale? Went thru the same thing in 15. Very hard on the nerves.

[Guest]

I don't get it, most on here always say the statistions are liars and now your surprised that wht. is going up? There's problems worldwide that's why wht. is going up. " brag time" I sowed 70% wht. 30% canola, i may have guessed right! Bought futures only contracts yesterday, now it's wait and see how high it will go for next sale. If you wanna look at the neg. that's your choice, i see another excellent opportunity!

I saw a good opportunity last year at 62x $6.70 ave last year and the year before , lol. Couldnt agree more !

[helmsdale]

Where u at Helmsdale? Went thru the same thing in 15. Very hard on the nerves.

SW of Oyen Ab. '15 was a joke. Mud on the packers and cart tires the whole time we seeded. Turned cool and WINDY immediately after seding. 3/10ths after seeding and it would have been completely different.

[stonepicker]

I can make a good living on peso's

[malleefarmer]

isnt the standard wheats and low quality wheats still in abundance just high protein premium milling wheat short which actually was the case all last harvest??

not sure whats going on with big wheat producer everyone forgets about india?

some parts of west Australia have put livestock in there crops

[malleefarmer]

one of south Australia top crop growing areas "never misses out" has had 22mm of rain for calendar year

[farming101]

Spring wheat is the only major wheat class in the US to show declining stocks for the current crop year.
Put that together with some poor prospects for the 17-18 year production and you have the situation.

This has changed the outlook substantially. Last summer I thought $6 US would be top price for spring wheat for quite a while. Well throw that out. Little resistance on long term charts till $7.25 US in the nearby month. There certainly is not too much downside until crop size is known. 6.05 -6.30 US should be the lowest we see till late August.

One thing is for sure. Excess supplies of spring wheat in North America are disappearing. The forecast for US spring wheat stocks/use at the end of 17-18 could be in the 10-15% area(worst case). Tight.

Canada's 17-18 stocks/use is forecast at 22%. Watch for that to drop in future forecasts.