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Market Fundamentals

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    Market Fundamentals

    Doing budgets etc for banks quite a few holes to fill harvest in whole wash up ended u[ about 30% less than envisaged.

    Banks and advisors suggesting australia will have buyount prices regardless of international futures price due to domestic demand and basis. Can get fowards for wheat at $300 for 2019 now today for dec 19 delivery.

    So my patch almost zero subsoil moisture going into 19 and feb march historically dry months soo were starting on zero. Suggest 60% australia the same.

    So how western canada you guys in normal situation as per normal or some in severe moisture deficiet.

    Presume alot of europe is good due to snow?

    Russia a tad dry i believe?

    Argie to wet?

    USA a frost scare but normal?

    Markets at times dont trade weather like they used to. A drought in aust usually a market mover this year not so.

    Again in my local area a shift occuring back to livestock like instead of cropping 70% of ones acres being cut back to say 50% less risk.

    Wool market powering on a friend sold wool last week got $15 per kg for his best with a 6.2 kg wool cut per head

    #2
    Prairie situation
    Click image for larger version

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      #3
      is that a issue or plenty of time for red areas to catch up?

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        #4
        Not yet it's going to -30 tonight!

        2018 below. If this repeats in 2019 it will be interesting...
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          #5
          Not super sure about interpretting charts but would think it would have to touch the lows of a 11/12 maybe before recovery can be talked about. Argie a big player now black sea things have changed alot since last low. And like i said above drought in oz who cares plenty of other wheat

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