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    Wheat

    No doubt someone always sells cheaper , but still these charts tell a story too …

    #2
    Is there a graph like that for just Canada production and stocks. Be neat to see prices included. THX

    Comment


      #3
      From today's stats can stop report:
      Total wheat stocks were down 10.3% from a year earlier to 20.7 million metric tons as of Dec. 31, the agency said.
      On-farm stocks were 11.7% lower and deliveries of wheat off-farm slipped 1.7%, while wheat exports climbed 2.7% to 10.6 million tons.

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        #4
        And yet the price keeps dropping…

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          #5
          Does that include wheat for feed because that would distort things a fair bit I would think.I doubt anyone knows the wheat amounts that go to feedlots or would they?

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            #6
            Sometime you have to wonder if grain markets are too distorted with the huge amount of speculators shorting the market lately.

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              #7
              Supply and demand fundamentals left the building years ago.

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                #8
                Russia exports 2.5 times what we grow...price setters now.

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                  #9
                  BRICS teaching North America a lesson .

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                    #10
                    Originally posted by Sodbuster View Post
                    Sometime you have to wonder if grain markets are too distorted with the huge amount of speculators shorting the market lately.
                    I don't follow the stats on shorts and all that. If there's a lot of speculators shorting the market, though, and now prices are this low.... and barring a world-wide bumper crop or some sort of black swan event... isn't it just a matter of time before the shorts gotta buy back their positions and the markets pop back up again?

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                      #11
                      Originally posted by Sodbuster View Post
                      Sometime you have to wonder if grain markets are too distorted with the huge amount of speculators shorting the market lately.
                      Specs drove prices up to the highs when Russia invaded Ukraine. It works both ways

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                        #12
                        Putin needs funds to support his war, Black Sea wheat prices being heavily discounted.

                        Many on Agriville posted Putin was provoked and defended his cause with old maps, Nazis claims, NATO, and other B.S.

                        Now it's your turn to feel the negative effect of Putin's unjustified war with Ukraine , in your pocketbook.
                        Last edited by foragefarmer; Feb 9, 2024, 08:11.

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                          #13
                          So we all suffer cause of someone’s opinion that has zero cause and effect on that war ?
                          what a petty response

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                            #14
                            The West sanctions reduced the RUBLE, there fore Russian grain is cheaper to buy, our OWN fault. We lose trying to hurt Russia. Their farmers making money, have all the fertilizer and fuel they need.

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                              #15
                              They could have stopped that war before it happened
                              the instant Biden got in , Putin started mobilizing and the western world sat back and did SFA to stop it .
                              BRICS went into full swing as well and the western world laughed .
                              now that’s what we are paying for and it will take a decade or longer to straighten out .
                              it’s also because of very weak North American leadership while encircling Russia that this finally let lose .
                              regardless, the world wheat production is down again , the stocks to use ratios dropping , prices dropping , because they let Putin waltz into the Ukraine untouched from the get go
                              so think who is at fault

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