whats driving wheat?

[malleefarmer]

Wet weather in EU? But massive crops all the same.
USA well above average?
Canada average or better?
Australia almost wet all over now west south and east all travelling ok so average or better.
Huge stocks worldwide.

Wheat has almost a 20 cent range most days is 540 cents achievable that will be a sell for me should equate to $285/290 port price depending on currency farm gate price of $255/260 plus for our bog standard 10.5% protein wheat.

[farming101]

corn is supporting wheat

[farmaholic]

In the meantime the stronger CAD shaved off some price along with a widening basis as well.

I missed the boat TWICE!!! Was offered what I wanted late last fall for summer delivery...passed it up thinking I'd get it sooner. Then it got "close" again and let it go, stupid. That boat is NOT coming back to port so I got on another..... less luxurious!

Aye aye Captain.

Moriarty salutes you!

[malleefarmer]

Wheat 16/17 Barley 16/17 Canola
16/17 Field Peas 16/17 Lentils 16/17 Wheat
17/18
APW1
MG DR1 MG SFE1
MG F1 MG BU1 MG CO1 MG COMP
MG
HIND
MG LA1 MG SO1 MG CANS PEAK PEAS NIPT1
MG
NUGT1
MG LR1 MG FLA1
MG
APW1
MG
OUTER HARBOR
ADELAIDE 271 350 321 210 240 260 215 220 230 230 568 500 500 - - - - 281
PORT GILES VIT 266 - - 210 - - 215 220 230 230 568 - - - - - - 276
PORT LINCOLN VIT 266 - - 210 - - - 220 - 230 568 450 450 - - - - 276
THEVENARD VIT 261 - - 190 - - - - - - - - - - - - - 271
TWO WELLS VIT - - - - - - - - - - - - - 845 785 825 825 -
WALLAROO VIT 265 - - 205 - - - - - - - 490 - - - - - 275

[furrowtickler]

Just got a text from P&H , their experts are expecting the price will go down - sell now, huge crop coming
Hmmm, so don't sell now ?

[samhill]

soymeal spendy, protein premium

[Nudge]

PH 'expert' is Greg Kostal. Lol. Somebody should tell the railways so they can't say 'we had no time to prepare'

[furrowtickler]

Don't like this - where we are going - forced to buy fert 10 months in advance, proce grain we don't have , fall round up offer today - like *** me , I am tired of floating everyone else's job just to maybr save a buck or two an AC

[farming101]

Forget about it. Storing some of these inputs like fert for that long on farm
doesn't fly here. Won't even notice the extra buck or two.....

Ever notice how many sale flyers go straight in the garbage at the post office?

[farmaholic]

MGEX wheat seems to increase but local bids are flattish....

Hmmmm?

[farming101]

CAD making a run for .80 is one thing