Prices reached the bottom?

[malleefarmer]

Seems last 2 weeks prices keep bouncing of same low.
Whats next on world harvesting calendar Canadian harvest and black sea then oct nov dec Australian so I guess more stocks to be added.
Germany france uk and usa basically finished or am I wrong.

Worrying thing here in Australia is quite a large carry over from last year and crops WILL be large here and basically Australia wide doesn't happen all that often usually pockets miss out here and there.

Currently wheat standard 10 to 11% translates to $200 on farm for me and malt barley $185 and feed barley $170. Canola I think $480.

Seems potential for a protein premium but yeah premium over $200 on farm big deal is first thought.

Not the sharpest chisel in the set but cant see relief even going into next year unless something from left field happens.

[farming101]

Wheat - you are likely right, not much prospects for a price boost, especially for the situation there. Good harvest forecast, increased total supply, what is looking like stiff competition from Black sea exporters, and a rising AUD.
US futures could rise by 50 cents by year end. Most likely for high quality blending stocks. Not a huge market and one that Canada will be trying hard to supply. Not sure low quality wheat has hit bottom yet.
Your wheat prices are comparable to farm values in Canada currently but new crop bids right now are dismal. You have a good edge on us for canola and feed barley. Malt prices higher in Canada, for now.

[furrowtickler]

Prices get much lower we would be better off to go work at McDonald's.
Will the rest of the Ag industry work for 60% less ???

[bucket]

Seems that if a guy is growing X3 reds he may as well be growing feed wheat.

Growing a 3 red lentil and you should be baling.

[sumdumguy]

I think good lentils could double in price. A hail adjuster just came home last night from west side of province. He says lentils are screwed. Chickpeas awesome south of Assiniboia. Should have planted chickpeas this year. 😃

[bucket]

Rosetown thru eston down south of swift snd over to moose jaw are pretty important and large lentil areas.

Many reports of those areas being ****ed for over a month....graincos tightened lentil specs and lowered prices.

I thought 14.5 used to be dry for lentils? Could be and probably am wrong?

[wmoebis]

Rosetown thru eston down south of swift snd over to moose jaw are pretty important and large lentil areas.

Many reports of those areas being ****ed for over a month....graincos tightened lentil specs and lowered prices.

I thought 14.5 used to be dry for lentils? Could be and probably am wrong?

Believe in 2006 Reds went from 145 down to 13%

[Klause]

Also confused on your comment on grade spreads?

3 cents to a x3. 6 cents to a 3.


Wouldn't call that a huge spread.

[bucket]

Local 2 reds are 29 cents... x3 are quoted 10 cents.

At the risk of being flagged

""""Todays price for 2 Canada Red lentils is 29.8 cents per lb., X3 Canada 10 cents, 3 Canada NO BID. We have a 100 tonne contract sign up limit in place for Aug to Dec delivery. The big discount for lower grades is reflecting the grade that importing countries are demanding....."""""