Western Canadian Weather and Markets

[freewheat]

Bucket and vvalk. I am doing ok. Never got the crop off yet. Looks like it is wintering well though. Not a single faba has shelled yet. So far...

Just haven't been chatty lately I guess.

[farmaholic]

Canadian wheat (non durum) stocks expected to fall to about 3 mmt, lowest levels since about the 30's. Canada may not be anywhere near the largest producer but it holds a fairly high ranking in export ranking. Our cheap dollar likely had a huge roll in helping empty the shelves. But there must still be too much wheat out there for Minni wheat not to rally, our shelves may have low inventory but others must still be well stocked (US). Egypt has enough wheat(in stock and transit) to last them til mid May
and they are playing the ergot card.

Would be nice to see a current world S/U chart, 101?

But the market could never be wrong, right?

[farming101]

Lots of charts here. Read em and weep.

<a title="US Wheat Associates February 2016 Report" href="http://www.uswheat.org/supplyDemand/doc/03669F60FF37F8A485257F54007259A9/$File/S&D%20160209.pdf?OpenElement#">US Wheat Associates February 2016 Report</a>

[URL="http://www.uswheat.org/supplyDemand/doc/03669F60FF37F8A485257F54007259A9/$File/S&D%20160209.pdf?OpenElement#"]http://www.uswheat.org/supplyDemand/doc/03669F60FF37F8A485257F54007259A9/$File/S&D%20160209.pdf?OpenElement#[/URL]

[farmaholic]

Always with them negative waves..... but I asked.

[farming101]

FWIW Aussie estimates place wheat production in Australia nearly
2 million tonnes under USDA estimates. They both can't be
right.
But sadly right now the forecasts are brutal.

[farmaholic]

I wish I would have seen this in October...