Latest wheat marketing

[farming101]

Yep currency was 55 to 58 range for a rew weeks wasn’t yours down as well same time?

It was but not as much as the Aussie. Middle of July just passed we had nearly the highest street price offers of the crop year. Has dropped a bunch since then

[bigzee]

Dry grain doesn't spoil in the bin. I remember going to an auction down south of Swift years ago. Bins labelled for each year and most were 8 years or more old.

We are getting screwed as farmers and its all because they have us, idiots, by the balls.

Equipment is insane.

The seed is insane.

Fert is down but wait it' is going up.

Chemical is insane.

Rent is insane if you rent.

So show me the money is gone.

Renting land at $80-100 ac with $5.75 makes all the other inputs look pretty cheap.
Rent more to say your farming more seems to be what most are doing these day’s.
I personally gave up 30 quarters of rent 3 years ago .... best thing I did.
The few dollars you make isn’t going to replace machinery that has put more hrs and wore out on someone else’s land.
I’m now farming what I own and enjoying my life.

[Rareearth]

Wait until the landlords in western Canada get organized like the USA landlord associations have.

[wmoebis]

Wait until the landlords in western Canada get organized like the USA landlord associations have.

LOL Landlords are mostly all retired farmers they will never get organized or they will have a hundred different associations.

[Rareearth]

But... once the next generation has it, or in general absentee landlords

[Guest]

Wait until the landlords in western Canada get organized like the USA landlord associations have.

who fu-kin cares if they do
no one will rent land for SFA for very long , they learn hard lessons fast

[farmaholic]

Unifying might be to standardize contracts, try to ensure payments, follow proper rotations, etc.

But to demand more money, go eff yourselves.

Farm it yourselves or sell it.

[malleefarmer]

MOSCOW, Aug 17 (Reuters) - Russian wheat export prices fell
last week for the third week in a row, under pressure from the
new crop and signs it could be larger than previously assumed,
analysts said on Monday.
Russian wheat with 12.5% protein loading from Black Sea
ports was at $201 a tonne free on board (FOB) for supply in
August-September at the end of last week, down $4 from the week
before, agriculture consultancy IKAR said in a note.
Sovecon, another Moscow consultancy, pegged wheat at $200
per tonne, down $5. Barley fell by $1 to $182 a tonne.

IKAR and Sovecon have been raising their estimates for
Russia's 2020 wheat crop in the last couple of weeks, but both
remain cautious on its prospects in the Urals and Siberia, which
were hit by dry weather.
Corn has also been hit in Russia's south, which accounts for
50% of the country's sowing area, SovEcon said. The main grain
producing regions in the European part of Russia are expected to
be mostly dry this week.
Russia has already exported 4.5 million tonnes of grain,
including 3.6 million tonnes of wheat, since the start of the
2020/21 season on July 1, and exports are expected to speed up
further soon.
Russia's August grain exports are estimated at 4.9 million
tonnes, up from 3.0 million tonnes in July, Sovecon said.

[beaverdam]

Had a 8 hour drive through durum country today, a lot of it white and lookin' kinda wispy.

I'd say, plenty of thin kernels and light bushel weight. 34, 35, 36, 37 temps on the pick-up readout.
Same tomorrow, only with wind, ripening waaaay too fast.
Can't believe the lentil acres I drove past today, most of which was cut already.

[errolanderson]

MOSCOW, Aug 17 (Reuters) - Russian wheat export prices fell
last week for the third week in a row, under pressure from the
new crop and signs it could be larger than previously assumed,
analysts said on Monday.
Russian wheat with 12.5% protein loading from Black Sea
ports was at $201 a tonne free on board (FOB) for supply in
August-September at the end of last week, down $4 from the week
before, agriculture consultancy IKAR said in a note.
Sovecon, another Moscow consultancy, pegged wheat at $200
per tonne, down $5. Barley fell by $1 to $182 a tonne.

IKAR and Sovecon have been raising their estimates for
Russia's 2020 wheat crop in the last couple of weeks, but both
remain cautious on its prospects in the Urals and Siberia, which
were hit by dry weather.
Corn has also been hit in Russia's south, which accounts for
50% of the country's sowing area, SovEcon said. The main grain
producing regions in the European part of Russia are expected to
be mostly dry this week.
Russia has already exported 4.5 million tonnes of grain,
including 3.6 million tonnes of wheat, since the start of the
2020/21 season on July 1, and exports are expected to speed up
further soon.
Russia's August grain exports are estimated at 4.9 million
tonnes, up from 3.0 million tonnes in July, Sovecon said.

This is the reason for the August pullback in wheat prices. Russia's crop is yielding better-than-expected after a rocky start to the growing season. Black Sea export values have eased back after surging modestly in July. Russian yields now estimated 2% higher than a year ago.

[Sheepwheat]

I know the answer. Grow more! Drain every slough, clear every bush, rip out all the treelines, max out inputs, grow more.

It’s worked all along, right? I mean since the nineties at least! Lol

We must keep at it and simply grow more, because it just works so well...

[beaverdam]

Minneapolis Wheat has one of the biggest moves up,,, that held,,, in a long time.

https://www.barchart.com/futures/quotes/MWZ20/interactive-chart https://www.barchart.com/futures/quotes/MWZ20/interactive-chart

short commentary https://www.barchart.com/story/futures/quotes/MWZ20/overview/149127/wheat-closes-with-tuesday-gains https://www.barchart.com/story/futures/quotes/MWZ20/overview/149127/wheat-closes-with-tuesday-gains

[Sodbuster]

Sold my wheat today, you can thank me when the price goes up next week.