Wheat prices

[farming101]

Pain in grain due mainly to rain on the plain?

Just when 1 13.5 hit 7.50
Oh well it's all about $$$ per acre anyway.

[bucket]

It's about net dollars per acre.....some guys can grow 30 bpa and net more than those with 40bpa

[errolanderson]

Rising USD plus the weak Ruble's ongoing advantage impacting Black Sea values overhanging. China / U.S. trade tensions and crude oil meltdown also impacting as general deflationary pressure points on commodity values overall. Italy's gong show is a side show as well . . . .

Russia's wheat production is expected to be lower in the new crop year. Snowing in key Siberia growing regions yesterday. The new crop wheat export price discount is starting to narrow, a good sign. Wheat price recovery in new crop year appears possible on lower global supplies.

[Oliver88]

Minneapolis Wheat is +11 cents this morning.
Had a decent jump yesterday but only ended up 1 cent higher.