What's the news on wheat

[boarderbloke]

Seen a dollar drop in basis this week. Are they just realizing how late this crop is? Maybe it's because North Dakota has just went through the driest July since the late 1800's? Maybe because N.D. avg high temp was 2 degrees below normal? Maybe more rain or bad weather in Europe?

Maybe they're realizing that the crop is much smaller and it CAN ALL BE BINED this year and we won't have to fire sell it this time?

[Oliver88]

Something is changing, basis has definitely narrowed in the last few days.

[Braveheart]

I think the market is finding demand at current price levels. There are a lot of questions around production in North America and quality overseas. Seems to bringing out willing buyers.

[boarderbloke]

Maybe it's because the railways told the grainco's to get some inventory in stock because they're sending the cars, like it or not. re; new law!