Jolt in new season grain markets

[Landdownunder]

nov dec 23 prices bolted today

Wheat up $80 per tonne, approaching $400 per tonne
Feed Barley up $120 per tonne
I kid you not.

Called free market.

[makar]

Not a peep here.

[Landdownunder]

obviously trader has done a deal sure they make there $30 so be it.

[makar]

. hrs 13.5 sexsmith ab

[makar]

Haven't been able to sell a bushel of 2022 wheat.

[Landdownunder]

23/24 PaD
APWMG +80 370
Basis (+146.9c) -73.08c
BAR1MG +120 310
CAN = 700
CAN GM = 650

[makar]

Something is up?

[furrowtickler]

War escalation , Ukraine and Argentine wheat production expected down 50%
Drought in mid west US .

[furrowtickler]

[furrowtickler]

Also the vast majority of western Canada soil moisture still extremely low ….


Yes it’s mid winter, but the fact remains there is near zero soil moisture for 2-3 ft in many areas .
Will need huge recharge to even get an average crop .