Russia's Wheat Production in-Decline

[Bowerpower]

Market will react soon enough. There is still wheat in the pipeline. Once old stocks get chewed through it will get interesting.

[Agvocate]

KC and Chicago have been trending higher for 4-5 months now. A long slow move, so the market is reacting to the weather stories in FSU and Australia. Spring wheat futures are lagging but they were a massive premium to the other 2 contracts all year long given the lack of protein in last years crop. The Mini/KC spread lost another 16 cents today in the July contract and is now only a 39 cent premium. Good weather and crop conditions in the spring wheat areas and the market assuming a more normal protein year has collapsed the spread. Farmer selling probably weighing on Minni futures as well, we are only 2 weeks from being at $6.60 in the Dec contract. As long as the wheat story keeps going spring wheat futures will slowly follow.

[farmaholic]

Just in time delivery works really well, until it is not delivered. It is a lot like attempting to farm a hole. It works until a five inch rain fills it up over an 18 hour period. First the world drowns in wheat, and boom it is suddenly worth $6.00/bushel for feed wheat. Accept it while (blink) it lasts, pharma. Chequing!

I'll see what's left when we are done hauling against the last contract. I don't think prices are strong enough to contract any new crop, "barely" in the field.

[FarmJunkie]

Sad that the futures gains don’t translate into the same gains at the delivery point. They throw us a few pennies on the dollar hoping the rat will bite the cheese. Most times it works cause the bills gotta be paid.

[Guest]

This shit gets tiring. Glut, no glut, 2 years supply....ooops, does the world really realize there isn't enough wheat for the world if no crop was grown the world over? Hand to mouth, until there's nothing in the hand?!?!?!?!?!?!?!?

every ****ing year , and all the experts seem surprised , what a ****ing sick joke

[farming101]

If this is a bull market it is going to take an awful lot of feed to keep it going...

[farmaholic]

If this is a bull market it is going to take an awful lot of feed to keep it going...

Pastures are looking a lot better here now...let the "bull" snort, paw the ground and beller.