Low grain stocks on July 31.

[flea beetle]

Local terminal here has been pounding the wheat out. Crusher here crying for canola.

I have a target for 1-13.0 hard red wheat well above the market, and they don't seem to want it yet. Time will tell I guess.

[malleefarmer]

CBOT September wht down A$7.93/t & Dec down A$7.96. Corn not helping with fall to lowest prices since late June. US seen as struggling to make export sales in a global market where wheat supplies are plentiful. Spring wht & HRW wht both made new contract lows.


Hope whea5 market isn’t a downward elevator yet to hit ground floor
Been wondering if wheat would seriously correct

[Partners]

Local viterra at $4.84 for number 2.12.5...for sept..
Must be to much wheat yet..??

[furrowtickler]

Add in this ....
https://www.silverdoctors.com/headlines/world-news/china-buying-up-american-corn-due-to-flooding-creating-food-shortage-crisis/

Which again has been known for way over a month after their first round of flooding

[beaverdam]

https://www.breitbart.com/national-security/2020/08/04/china-bans-cell-phones-granaries-video-shows-moldy-corn/ https://www.breitbart.com/national-security/2020/08/04/china-bans-cell-phones-granaries-video-shows-moldy-corn/

"Responding to the increased prices, China has boosted its corn purchases from the U.S. Last week, Beijing inked a deal for 1.937 million tons of U.S. corn, China’s single largest purchase of U.S. corn ever. Confirming the purchase on July 30, the U.S. Department of Agriculture said it “topped the previous biggest deal to China of 1.762 million tons, reported just two weeks ago,” and was the “the third-largest deal for corn to any destination on record.”"