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Hope it keeps heading north

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    Hope it keeps heading north

    CBOT July wht up A$5.76/t & Dec up A$4.17. It’s all about Russia with a rising rouble helping EU & US wht. Russian grain prodn estimates reduced by 5 mill t. Record flour prices may see export quotas extended. Rain for Russia but dry in 10 day forecast for parts of west Europe.

    #2
    That is the right direction, however it's got a long way to go.
    Missed printing a seven month low on May 18th by a few pennies

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      #3
      Sold remaining 25t old season wheat getting loaded Tommorow $350 on farm a mere pittance to what you guys receive but I will take it

      Comment


        #4
        Total #Russian grain production could be down approx. 5MMT to a total of 120MMT, with recent comments from the Russian Ag Minister who stated adverse #weather conditions during the winter-spring period could decrease #yields by up to 30% in some regions.

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          #5
          Ya,right, good for a chuckle

          Ordinary #1 13.5 Hard Red Spring is fetching about 260-270 AUD depending how long you want to store it.

          Comment


            #6
            Open market open slather on the high side and low works for us guys

            Comment


              #7
              Social media often gives a skewed view of reality.

              But appears Texas wheat yields all over the shop mostly coming in less than expected

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