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wheat real time

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  • Landdownunder
    Senior Member
    • Mar 2021
    • 1796

    wheat real time

    checking out high protein grade prices yesterday at local elevator all online.

    one buyer consistently above every body by $32 to 36 per tonne depending on grade.

    rang broker on a Sunday as it was a company ive never heard of. Only started in 21

    "there good deal with them a lot almost only broker that does"

    why is there prices so high.

    "we gonna ring clients this week in the east and tell them to change harvest plans go from canola to wheat leave barley"

    why's that

    "there vessel leaves on 16th dec need to accumulate grain by 13th and slow harvest making life tough for them hence high prices"

    did a search backers are a Singaporean trader.

    life of Australian farmer selling wheat
  • ajl
    Senior Member
    • May 2008
    • 3245

    #2
    That is the textbook definition of 'risk premium'.

    Comment

    • Landdownunder
      Senior Member
      • Mar 2021
      • 1796

      #3
      looks like weather returning to normal

      16 day forecast zero 21 day probable forecast zero

      some warmth come friday Saturday 37 and 38 about time

      but Saturday just gone a unexpected 6mm just came out of nowhere going again Sunday

      all good talk on the 24th for xmas wishes

      Comment

      • fcr
        Senior Member
        • Feb 2021
        • 539

        #4
        We were only able to deliver half of our November spring wheat contract to Cargill.They could not tell me when the rest will move.Also our November canola to clavet just moved this week.Demand not as strong as one may think.

        Comment

        • ColevilleH2S
          Senior Member
          • May 2007
          • 1644

          #5
          Originally posted by fcr View Post
          ...Demand not as strong as one may think.
          That may just be a Cargil thing. Wheat has had above average movement since September.
          Click image for larger version

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          Chart from Chuck Penner @LeftFieldCR

          Comment

          • furrowtickler
            Senior Member
            • Dec 2004
            • 21884

            #6
            G3 and Grains Connect in this area moving a huge amount of wheat
            Everyone else sitting on their hands for wheat

            Comment

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