Not comparing apples with apples but port prices
less $35/40 $302 apw wheat 10.5 plus protien.
Hard 2 wheat plus $10 11.5 to 13 protien and
hard 1 13 plus protien plus $20 grade spreads
really narrow at present.
Feed barley $250 port and malt only about $270
Canola $585
Wheat rallied $60 in 4 and a bit weeks.
Majority of farmers have started selling new crop
physical this week at $290 plus and OTC wheat
swaps sort of $270 all the way up to $309 this
week which is a futures contract were banks pay
margin calls until expiry is nominated then grower
pays out or collects from bank
less $35/40 $302 apw wheat 10.5 plus protien.
Hard 2 wheat plus $10 11.5 to 13 protien and
hard 1 13 plus protien plus $20 grade spreads
really narrow at present.
Feed barley $250 port and malt only about $270
Canola $585
Wheat rallied $60 in 4 and a bit weeks.
Majority of farmers have started selling new crop
physical this week at $290 plus and OTC wheat
swaps sort of $270 all the way up to $309 this
week which is a futures contract were banks pay
margin calls until expiry is nominated then grower
pays out or collects from bank
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