Left field event

[malleefarmer]

Seems wheat will bumble along with odd weather related spike which is usually a sell message.

Seems anything sustained is going to have to be something unexpected in the world grain producing areas or perhaps political.

Our PM was rabbiting on the other day how ag is going to be the growth industry in next 10 years, double the amount of food has to be produced and no new land available, if I had a dollar for everytime ive heard this rhetoric id be a rich man, first time I think was when I was at school in late 70s and again in mid 80s and when grain went through the roof in 2000s briefly that was to be the new "norm".

Anyway cheers guys onwards and upwards as they say

[STR1]

We've heard the same talk over hear as long as I remember............grow more,the worlds running out of food, they aren't making any more land better grab all you can or you will never have any more..........it goes on and on! All I know is every time we hear this the farmers of the world step up and produce more and sell it for less!! I think somewhere in Vegas they're betting on whether we will fall for it again.
It seems this talk always starts when the economies of the world are in more trouble than normal and they all want to run to Ag for safety!
I don't know that world will run low on food but one thing is certain in economically uncertain times............people still have to eat.

[malleefarmer]

Smarter people on here than me STR1 but I agree ag over the years always seems to be first out of the economic doldrums but other will correct me im sure.

[TOM4CWB]

SR!

With rice in a mess with export subsidies... perhaps a sabbatical on wheat may be a prudent plan... and not plant a big chunk in 2016. Pulses are a really good revenue crop... Canola as well... perhaps we should grow the crops the market is asking for... and lighten up on wheat acres!

[farmaholic]

Mallee, you may have missed the question I asked you in a previous thread, I'll take this opportunity to ask you again....what is a pound of nitrogen fertilizer worth in the land of Oz these days? Curious how it compares to ours.

Thanks.

I wonder how many people could be fed from the waste in first world countries. I know our dog would starve to death if she had to live off the food we throw away, it was the way we were brought up not to waste but the further society gets away from the economic depression mentality(30s era were there was no money to buy anything and you never wasted or threw anything away) the more
wasteful we as a society seem to become.

Regarding the land thing, sometimes when you have a chance to buy the missing piece of the puzzle, that.opportunity should NEVER be passed up. Especially if its on your door step. Otherwise they're right, no more is being made but we should be far from thinking a starving world will make that land worth sooooo much more. And just what are these starving people going to pay us with to make producing food on this expensive "rare commodity" we call farmland so lucrative? Gratitudes won't pay my bills or make land payments.

Growing certain commodities at times feels like your providing a cheap public service. Not all commodities all the time though, take lentils for example....

Happy Boxing Day everyone, I'm sure some are off to their next round of festivities. ...travel safe and take care out there!!

[farming101]

A reduction in stocks among major wheat exporters is what it will likely take to turn things around. This will not happen until wheat farmers get into a serious bind and stop thinking that they can somehow produce more and improve their bottom line. Or there is a poor crop in one or more exporting countries.

Second possibility, a drop in the value of USD compared to other wheat exporter domestic currencies. This could increase world trade but would make US wheat more competitively priced.

Third, the US gets tired of storing wheat and has a fire sale.

The latest stats show that the US is expecting to carry over more wheat than they export for a whole year. Of all the major exporting wheat nations they are also the country that doesn't need to rely on all these carryover stocks for domestic use. Australia and Canada come in second and third with exportable supplies.

Most of the major wheat importing nations are importing as much as ever.

Pick your poison.

The weak Canadian dollar is allowing exports to keep flowing. Exports up more than 7 percent compared to last year at this time.

[farmaholic]

Moriarty (farming101):
....there you go, more negative waves....
Have a little faith baby...
Have a little faith.

Why don't you knock it off with them negative waves?....
Why don't you dig-how beautiful it is out here?
Why don't you say something righteous, and hopeful, for a change?

Sincerely, Sgt Oddball(farmaholic)

[malleefarmer]

16/9/0/13 is $580 plus freight say $12 per tonne.
Urea $461
MAP and Dap around $601

[farmaholic]

Thanks mallee, for urea thats about 10% cheaper than what I paid(delivered). Dollars pretty close to par.

[farming101]

LOL! Gee I thought I finished up on a positive note! Ok how is this for positive?:

1. Work hard to grow the best quality wheat you can, no matter what type it is. Don't drink the Kool-Aid and then think you have to grow more and more.

2. Hedge the CAD Against the USD so that if oil prices ever do go higher so will your wheat price. Oil and the CAD are joined at the hip. Or just buy oil calls.

3. Stay out of debt.