CBOT July wht up A$5.76/t & Dec up A$4.17. It’s all about Russia with a rising rouble helping EU & US wht. Russian grain prodn estimates reduced by 5 mill t. Record flour prices may see export quotas extended. Rain for Russia but dry in 10 day forecast for parts of west Europe.
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That is the right direction, however it's got a long way to go.
Missed printing a seven month low on May 18th by a few pennies -
Sold remaining 25t old season wheat getting loaded Tommorow $350 on farm a mere pittance to what you guys receive but I will take itComment
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Total #Russian grain production could be down approx. 5MMT to a total of 120MMT, with recent comments from the Russian Ag Minister who stated adverse #weather conditions during the winter-spring period could decrease #yields by up to 30% in some regions.Comment
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Ya,right,
good for a chuckle
Ordinary #1 13.5 Hard Red Spring is fetching about 260-270 AUD depending how long you want to store it.Comment
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Open market open slather on the high side and low works for us guysComment
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Social media often gives a skewed view of reality.
But appears Texas wheat yields all over the shop mostly coming in less than expectedComment
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