Sell Down to Your Sleep Point

[sumdumguy]

It’s cooling off this week. That will conserve moisture but there’s no substitute for an inch or two of rain. Looks like possibly the end of coming week.

[bucket]

Earliest substantial rain for my forecast is June 11th . That's too unreliable . When we were seeding there were 2 rain events that evaporated so we are at 3 tenths for the month of May.

When all this money is spent on R&D of crops, could they not start figuring the genetics in weeds that allow them to grow in desert like conditions? For instance could they get the genetic pool from kochia?

[Blaithin]

Could be coincidental but been seeing a lot of 2-3 year old wheat moving since March.

I would say it's politics driving those decisions more than anything.

[sumdumguy]

I noticed Blaithin that the sweet grain prices associated with drought and political upheaval have a way of emptying all the bins of old grain. Especially in the special crops growing areas.

[blackpowder]

I can't imagine the money lost on 2-3 year old wheat.

[Old Cowzilla]

I can't imagine the money lost on 2-3 year old wheat.

I can't imagine having 3 year old wheat in storage

[Templeboy]

NE Sask, crop is not made or lost yet...(feels like it is though)
No where is it written that if we suffer drought, that the market has to react in a meaningful way. (1988 case in point)

We grow a large portion of HRS, really only compete with the Dakotas, and Australia. Every where else in the world grows a lot of wheat that can be a substitute. They will blend our 16 protein with their mediocre wheat and make bread.

Canola can have a huge market move, but is always tempered by soy and other oils. I am way undersold as per what I would usually do, and worried about doing more. If rain comes, and have a long fall, canola comes off. Likely should be putting options in play, maybe courage calls to start??

If anything I would hold on to, its Oats. I think acres are flat. If you lose the North half of the province to dry conditions, 160 bushel oats turn into a thin 80 and nobody wants them.

[bucket]

Well the June 11th rain event is off and nothing in the 14 day forecast . One mm doesn't count.