Test Trade estimates for Tuesday's USDA Report Test

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Trade estimates for Tuesday's USDA Report

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Jan 11, 2021 | 00:27 1 https://www.barchart.com/story/futur...ks-usda-report

scroll to view all 3 charts. Reply With Quote
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  • Jan 11, 2021 | 07:44 2 Interesting charts and price forecast for soybeans;

    https://www.barchart.com/story/futur...eekly-forecast

    Seems there's room for upside. DYOD Reply With Quote
    Jan 11, 2021 | 14:55 3 Thanks for posting.
    Next time, put the word Trump or Covid in the title, to get more than one response. Reply With Quote

  • Jan 11, 2021 | 16:44 4
    Quote Originally Posted by AlbertaFarmer5 View Post
    Thanks for posting.
    Next time, put the word Trump or Covid in the title, to get more than one response.
    True,,, many posters here on the "Marketing" forum aren't here for marketing, outside of marketing their leftist political philosophy and Trump hatred, they learned from consuming Media. Reply With Quote
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  • Jan 11, 2021 | 16:53 5 sold some for march t 15 a bushel just to reduce the risk. I am still thinking it will rise usd getting cheaper too Reply With Quote
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  • Jan 11, 2021 | 18:55 6 Saw $15.75 for may delivery in central Alberta today. Reply With Quote
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  • Jan 11, 2021 | 19:19 7
    Quote Originally Posted by Hay Farmer View Post
    Saw $15.75 for may delivery in central Alberta today.
    Where at? Reply With Quote
    Jan 11, 2021 | 19:43 8
    Quote Originally Posted by AlbertaFarmer5 View Post
    Where at?
    G3 Stettler Reply With Quote
    Jan 11, 2021 | 20:45 9 Still lagging here behind most areas Reply With Quote
    Jan 12, 2021 | 11:15 10 Looks "friendly everything" !
    Last edited by beaverdam; Jan 12, 2021 at 11:18.
    Reply With Quote
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  • Jan 12, 2021 | 11:27 11 For the sake of WHEAT,,, I love seeing corn up $0.25USD/bu Reply With Quote
    Jan 12, 2021 | 13:25 12 Great day up. Any chance of a pullback tomorrow or are we up up and away! Reply With Quote
    Jan 12, 2021 | 14:27 13
    Quote Originally Posted by Bowerpower View Post
    Great day up. Any chance of a pullback tomorrow or are we up up and away!
    That’s the million $ question Reply With Quote
    Jan 12, 2021 | 14:32 14
    Quote Originally Posted by furrowtickler View Post
    That’s the million $ question
    Well I sold half my crop way too early. Might as well gamble the other half. Reply With Quote
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  • Jan 12, 2021 | 16:57 15 Full Report;

    https://www.usda.gov/oce/commodity/wasde/wasde0121.pdf

    Table of Contents, page #7 Reply With Quote
    Jan 12, 2021 | 19:11 16 Anyone with the balls to hang on could be ready to ride a wave. Pandemic, trillions in stimulus, food inflation and a drought to boot?

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    Jan 12, 2021 | 19:15 17 When will the market have to buy their wheat acres ? Reply With Quote
    Jan 12, 2021 | 19:23 18
    Quote Originally Posted by Old Cowzilla View Post
    When will the market have to buy their wheat acres ?
    If you look at the report, it suggest higher ending stocks,,,, so... not sure they'll have to bid it up much. Reply With Quote
    Jan 12, 2021 | 19:35 19
    Quote Originally Posted by beaverdam View Post
    If you look at the report, it suggest higher ending stocks,,,, so... not sure they'll have to bid it up much.
    How does a 19% reduction in production translate to higher stocks? Reply With Quote
    Jan 12, 2021 | 19:55 20 Yep higher world wheat stocks from what i read as well.

    Only furphy i could see in wheat numbers australia is pegged to low but the dont need to know that.

    From reading Agriville i thought alot of you guys swing to more canola more barley at expense of wheat.

    I take Agriville as gospel truth and a good cross section of whats going on with crop acres in western canada.

    Maybe im delusional. Reply With Quote
    Jan 12, 2021 | 20:04 21
    Quote Originally Posted by malleefarmer View Post
    Yep higher world wheat stocks from what i read as well.

    Only furphy i could see in wheat numbers australia is pegged to low but the dont need to know that.

    From reading Agriville i thought alot of you guys swing to more canola more barley at expense of wheat.

    I take Agriville as gospel truth and a good cross section of whats going on with crop acres in western canada.

    Maybe im delusional.
    Nope , your bang on .. at this point in time Reply With Quote
    Jan 12, 2021 | 20:07 22
    Quote Originally Posted by jazz View Post
    How does a 19% reduction in production translate to higher stocks?
    Wheat yields for the most part were generally fairly high in most areas . And this year majority was good quality compared to the previous 2 years .. it is what it is .
    Wheat is and will be the last leg to move , and way behind most . As being proven in most Canadian markets anyway Reply With Quote
    Jan 12, 2021 | 20:14 23 I think in Manitoba wheat will get pushed farther down the list every week replaced by all oilseeds and corn, oats and barley. Reply With Quote
    Jan 12, 2021 | 20:15 24 Re read it jazz is correct.

    Apologies. Reply With Quote
    Jan 12, 2021 | 22:12 25
    Quote Originally Posted by jazz View Post
    How does a 19% reduction in production translate to higher stocks?
    page #18 has world ending stocks for 19-20 at 300.09MMt
    page #19 has world ending stocks for 20-21 at 313.19MMt - Jan est ; 316.50-Dec est

    page #18 has Canada ending stocks for 19-20 at 5.50MMt
    page #19 has Canada ending stocks for 20-21 at 5.03MMt - Jan est ; 5.53-Dec est

    page #18 has Major exporters ending stocks for 19-20 at 32.78MMt
    page #19 has Major exporters ending stocks for 20-21 at 36.44MMt -Jan est ; 36.54-Dec est Reply With Quote
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