U.S. Wheat still not price competitive

[melvill]

Tom, you cajoled me into reading the last long post. Grin. I have to confess that I have a hard time believing that the US Wheat Associates is an unbiased organization. Their job is to promote US wheat. I guess I'd feel more comfortable about them if I knew that they hadn't supported the U.S. tariff on Cdn wheat a few years back.

No the old Merc isn't home yet. Can't drive it home without an Alberta safety inspection and can't haul it home. Apparently my pickup won't trailer that much weight. Suppose your diesel jeep would trailer 5600 pounds including trailer?

[melvill]

I got distracted from the original intent of this thread. The Memphis company was saying that U.S. wheat was to highly priced for many tenders. The company wasn't forecasting prices for down the road.

Further, I noticed that another company was saying that U.S. spot basis levels were unusually weak which further suggests that US futures prices are an 'island unto themselves' interms of world wheat prices.