Wheat

[furrowtickler]

Extremely dry in Russia and Ukraine right now.

Forecast for the next two (2) weeks don't show relief. Russian export values again rising. This is a watch . . . .

Thanks for heads up Errol
Will there be much of a market for off grade HRSW if weather issues continue here ?
It will be an issue already in some areas

[errolanderson]

Thanks for heads up Errol
Will there be much of a market for off grade HRSW if weather issues continue here ?
It will be an issue already in some areas

High protein wheat prices are simply too low (IMO). Minneapolis spring wheat and Kansas City futures have clearly broken to-the-upside.

Feed wheat may be a different story as demand right now struggling. IGC London continues to hike global wheat production, but this may come-to-a-halt soon.

Argentina wheat production well down. Europe has production issues as well. Where's there's smoke . . . .

[furrowtickler]

High protein wheat prices are simply too low (IMO). Minneapolis spring wheat and Kansas City futures have clearly broken to-the-upside.

Feed wheat may be a different story as demand right now struggling. IGC London continues to hike global wheat production, but this may come-to-a-halt soon.

Argentina wheat production well down. Europe has production issues as well. Where's there's smoke . . . .

Just keeping fingers crossed we don’t have a disaster harvest from here on with wet / snow weather like last two years
Just need to get this in the bin
Can be so close Yet so far .
Thx for your insight 👍, much appreciated

[Guest]

apparently , the gig is up on the huge canola crop and huge carryover?
$11 for nov. already , and this during happy hour

[furrowtickler]

apparently , the gig is up on the huge canola crop and huge carryover?
$11 for nov. already , and this during happy hour

Sooner or later the b/s had to be exposed

[Partners]

Might be the yr to dump it all off the combine before turdo screws something else up.

[furrowtickler]

Might be the yr to dump it all off the combine before turdo screws something else up.

Just need to get er off first

[AlbertaFarmer5]

Farming101 or others, are there any analogous years with a counterseasonal rally such as this? How should we expect this to play out?

I thought I was doing so well, sold most of my old ( and really old ) crop canola this summer at the best price available in the last 2 years, between a combination of basis special and the decent rally in futures. Now we are almost back to where I sold, and future months already slightly better. Priced the last of it a few days after the Iowa wind storm when it didn't look like the market cared about it, or the ongoing drought, and waiting for a rally at this time of year is a high risk proposition.

If someone would have told me this was going to happen, I Could have built more bins and held it through another rally...

Maybe it won't freeze in the next few weeks and we will have some new crop to market eventually.

[Partners]

Or before the 2nd WAVE HITS and the world shuts down again..

[furrowtickler]

Or before the 2nd WAVE HITS and the world shuts down again..

True , or third wave depending on how one interprets the info that China supposed to have the world . Being so honest and straight forward as they are and all