Ianben
I would be mad if someone quoted Black sea plus. Western Canadian feed grains are being priced off landed US corn.
An interesting year with almost no way of knowing what will happen.
Milling quality will be interesting. Canada will supply domestic/North America and premium customers in south east asia/europe. Central (including Mexico) and South America customers will get remainder based on established relationships. All other customers (except for aid) will have to do business elsewhere - no supplies/a domestic feed market will use it. None of the other major exporters outside EU (noting your comments) have excess supplies.
Feed grains are an extremely dynamic market. It would appear between Europe and others there will be lots of feed wheat. Watch the USDA corn estimate Monday - depending which side of 9 bln bu the corn estimate comes, we have potential for a limit move - the only question is which direction. Fasten your seat belts.
I would be mad if someone quoted Black sea plus. Western Canadian feed grains are being priced off landed US corn.
An interesting year with almost no way of knowing what will happen.
Milling quality will be interesting. Canada will supply domestic/North America and premium customers in south east asia/europe. Central (including Mexico) and South America customers will get remainder based on established relationships. All other customers (except for aid) will have to do business elsewhere - no supplies/a domestic feed market will use it. None of the other major exporters outside EU (noting your comments) have excess supplies.
Feed grains are an extremely dynamic market. It would appear between Europe and others there will be lots of feed wheat. Watch the USDA corn estimate Monday - depending which side of 9 bln bu the corn estimate comes, we have potential for a limit move - the only question is which direction. Fasten your seat belts.
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