Originally posted by stonepicker
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Hrsw @ $7.60
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Originally posted by seabass View PostWhere u at Helmsdale? Went thru the same thing in 15. Very hard on the nerves.
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isnt the standard wheats and low quality wheats still in abundance just high protein premium milling wheat short which actually was the case all last harvest??
not sure whats going on with big wheat producer everyone forgets about india?
some parts of west Australia have put livestock in there crops
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one of south Australia top crop growing areas "never misses out" has had 22mm of rain for calendar year
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Spring wheat is the only major wheat class in the US to show declining stocks for the current crop year.
Put that together with some poor prospects for the 17-18 year production and you have the situation.
This has changed the outlook substantially. Last summer I thought $6 US would be top price for spring wheat for quite a while. Well throw that out. Little resistance on long term charts till $7.25 US in the nearby month. There certainly is not too much downside until crop size is known. 6.05 -6.30 US should be the lowest we see till late August.
One thing is for sure. Excess supplies of spring wheat in North America are disappearing. The forecast for US spring wheat stocks/use at the end of 17-18 could be in the 10-15% area(worst case). Tight.
Canada's 17-18 stocks/use is forecast at 22%. Watch for that to drop in future forecasts.
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Originally posted by sofa.king View PostThere isn't a whole lot of wheat or durum in the country it appears to be all lentils and canola and there is some ugly looking stuff out there.
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We are shipping wheat in containers, 13.8% and higher protein necessary for the premium.
Great prices absolutely saved us from the abyss of cheap wheat, but (teehee) I have to say still waiting for the 10$ wheat promised in 1974, patient as we are, the lower dollar all in, well would it not be nice. Every dog has its day, hope we get to enjoy this poodle.
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We are shipping wheat to the feedlot.
July 2016 over 7 inches of rain, average daily humidity rarely under 70%.Last edited by farming101; Jun 20, 2017, 21:31.
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