As I am reading this mornings market news its just amazing how all I read is about how crops are doing in USA and ARGINTINA AND AUSTRALIA. Never ever one report about CANADIAN Wheat crop. Here is an example
Wheat looks ready for more gains overnight, as traders wonder just how real this rally is. On the one hand, the rising price of corn makes wheat more valuable, if only as a feed grain. But there are also concerns that all the rains could hurt the quality, and perhaps the quantity, of the 2008 harvest.
Indeed, many member how rains hurt the 2007 crop in Kansas; they’re fearing a replay this morning, with heavy rains seen on the radar screen. Storms are expected to move into the eastern Midwest this morning, perhaps threatening the soft red winter wheat crop.
That threat likely won’t be picked up by Tuesday’s updated production estimate out of USDA, which is expected to show bigger winter wheat yields. Overall ending stocks also should also work higher by 15 to 20 million bushels.
Elsewhere around the world, production is still on track to show a big increase. Rains in the past 24 hours fell in many areas of Australia missed last week, helping farmers trying to finish up planting and keeping hopes for a good crop on track. Argentina also picked up some light rains over the weekend.
So all this talk about these two countries makes me wounder did the CWB sell us a good snow job that we some how are king in wheat, when were not even ever mentioned in the media how the crop is doing. Were suppose to be King for Durum (the CWB tells US) yet we get third world prices for our product.
Every day its how the wheat crop is in Australia (not even planted and they were talking record production) and Argentina. I think western Canadian farmers have to seriously look into this organization and its impact on Canadian farmers bottom line.
IF were not even mentioned weekly then maybe were not even in the game. Or do we have certain countries that were just suppliers for set prices and then the rest of our production doesn't effect world supply. Where as Australia and Argentina crop has meaning on world stage.
EX warbiton Guaranteed supply for cheap price. I don't know just wondering.
Any comments.
Wheat looks ready for more gains overnight, as traders wonder just how real this rally is. On the one hand, the rising price of corn makes wheat more valuable, if only as a feed grain. But there are also concerns that all the rains could hurt the quality, and perhaps the quantity, of the 2008 harvest.
Indeed, many member how rains hurt the 2007 crop in Kansas; they’re fearing a replay this morning, with heavy rains seen on the radar screen. Storms are expected to move into the eastern Midwest this morning, perhaps threatening the soft red winter wheat crop.
That threat likely won’t be picked up by Tuesday’s updated production estimate out of USDA, which is expected to show bigger winter wheat yields. Overall ending stocks also should also work higher by 15 to 20 million bushels.
Elsewhere around the world, production is still on track to show a big increase. Rains in the past 24 hours fell in many areas of Australia missed last week, helping farmers trying to finish up planting and keeping hopes for a good crop on track. Argentina also picked up some light rains over the weekend.
So all this talk about these two countries makes me wounder did the CWB sell us a good snow job that we some how are king in wheat, when were not even ever mentioned in the media how the crop is doing. Were suppose to be King for Durum (the CWB tells US) yet we get third world prices for our product.
Every day its how the wheat crop is in Australia (not even planted and they were talking record production) and Argentina. I think western Canadian farmers have to seriously look into this organization and its impact on Canadian farmers bottom line.
IF were not even mentioned weekly then maybe were not even in the game. Or do we have certain countries that were just suppliers for set prices and then the rest of our production doesn't effect world supply. Where as Australia and Argentina crop has meaning on world stage.
EX warbiton Guaranteed supply for cheap price. I don't know just wondering.
Any comments.
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