Hard red wheat

[farming101]

$10 x 22=220
$6.50 x 44=286

[Guest]

It is always a good starting point to market some production at what would be a profitable price with average year production. Like farmaholic said, if your production is not there due to factors out of your control then no price attainable can make you profitable. We have been on that side of the game where you just try to limit the red ink through good prices but it can be frustrating when you know you are in the hole right away. This year will be interesting on so many fronts.

[errolanderson]

boarder . . . for the Dow to follow crude oil is unusual. The U.S. stated a few weeks ago that falling crude prices would benefit their recovery. They quickly found out, that isn't the case. Suddenly, U.S. equities followed oil for direction.

U.S. GDP is apt to fall into negative territory (IMO), despite all the political hype of job growth (low wage jobs) in the U.S. economy. Negative interest rates are also not talked about stateside even though it is a risk over the next 2 to 3 years.

But you bring up a good question; are recent gains across U.S. equities the result of real economic growth or just the flow-of-money generated by artificial stimulus?

[boarderbloke]

errol, don't forget this is an election year. obama, does not and will not allow a drop in the DOW to be part of his legacy! He's tight with those that will do everything to keep the DOW up.

[errolanderson]

boarder . . . Obama isn't bigger than the markets (IMO) . . . U.S. debt is far too out-of-control for any U.S. president to have much of a say anymore.

[wakopa]

Guess I better not say what I'm getting, that would be called boasting again.

[farming101]

Hey Wakopa, are you pricing any 2017 crop yet?

[freewheat]

Klause, you had pasteur last year, correct? Was it as ridiculously late as the book says it is? I am not in a quality region, and so I grow for the barns, who are usually pretty competitive with hrs bids anyway.

Do you have any for sale at all? Fire me a text if you want, I may get it in 12 or 13 years... lol I mainly worry about the several days later issue, which in my wet zone, can mean 2 weeks.

[ajl]

I would not be too excited about locking in 6.50 before it is in the bin. Likely get that anyways after harvest and then you know what you have. That being said there is grain still in bags in central AB. Only time to get at them is about 6 am as the ground is soft the rest of the day.

[farmaholic]

farming101, if you make pie charts could you show Canada's share of both world production and one of Canada's share of world trade in wheat.

They tell us the world may be awash in wheat but wouldn't it matter who has it and who needs it? Some countries are big producers but consume a lot of their production domestically.