Wheat

[13stripe]

Still early but extremely dry here. Seeded wwht with about 6 inches of semi moist soil. Keep losing moisture as no snow and warmer then normal. Gophers are still out. At some point recovery to an average level of production will be hard to achieve.

[ajl]

In our area, which had a fairly good crop last summer, there are a number of fields that have been taken out of hay and pasture again this fall. I thought all the land was in production already but there was still more to be found. Production costs will have to be lowered to buy market share again just like in times past. Seeing a lot of land in Southeastern AB drought zone up for auction right now. Some of it selling today on RB.

[furrowtickler]

Decent run this afternoon in wheat market

[wmoebis]

Any word on what US grain company is making the sales to China? Any of them in Canada buying either up front or as a third party?

[flea beetle]

Any word on what US grain company is making the sales to China? Any of them in Canada buying either up front or as a third party?

Haven’t heard anything on that front, just that China made their largest single purchase since 2014, and that they are likely to keep buying. Apparently their wheat crop got hammered with rains and is severely downgraded.

[AlbertaFarmer5]

I also read that the wheat is originating from the Gulf Coast. Meaning that it needs to transit the Panama canal, somehow.
This bottleneck at the canal due to drought is eventually going to be helping the competitiveness of Canadian grain vs Gulf coast, or South America.

[flea beetle]

I also read that the wheat is originating from the Gulf Coast. Meaning that it needs to transit the Panama canal, somehow.
This bottleneck at the canal due to drought is eventually going to be helping the competitiveness of Canadian grain vs Gulf coast, or South America.

Apparently they will be throttling traffic through the canal even more in December than they already have been doing due to the drought.

[Jay-mo]

Don't trust bear market rallies.

So what your saying is when there's a one day rally, sell something?

[furrowtickler]

So what you’re saying is when there's a one day rally, sell something?

Been 1-3 day rallies at best then it falls back since harvest
but at least it’s holding somewhat. Canola been on a sinking submarine for a long time

[Jay-mo]

Anyone know why soybeans are holding up vs canola? Close to $2/bushel more then canola here.