Hrsw @ $7.60

[Hopalong]

Earlier seeded wheat around here looks great, lush and disease free so far.
Some lower and high water table land not so good but only ten per cent or so of area.
Think it is good business to start locking in profitable prices.

[malleefarmer]

was eading somewere this week a strategy could be trade the spread sell minny wheat and buy Chicago and gap will narrow.

well that would have failed spectacularly this week......guess its all in the timing.

on aussie situation its perilous in many areas but weather forecasters models and private weather forecasters all suggesting things are about to change for the better big time seemingly Australia wide

ps in our spot we are doing fine

[MBgrower]

$8 old crop wheat bids today. Hope some of u guys didnt believe the marketing newsletters your paying for....2 year supply, glut of wheat, presell at $6.50, lockin profit.... blah blah blah.

[Guest]

$8 old crop wheat bids today. Hope some of u guys didnt believe the marketing newsletters your paying for....2 year supply, glut of wheat, presell at $6.50, lockin profit.... blah blah blah.

Lots of sore arses out there , lol

[Oliver88]

Wheat went up again today.

Seems to be on a gradual incline.....weather forecasts are showing temperatures in the 90's for the 4th of July in North Dakota.

[farming101]

Offers out for $8.10 old crop

[danny W1M]

That be for #1 13.5ish ?

No movement in durum prices compared to HRS, look out when it happens, price could really explode.
Worst hit areas in Montana and west N.D. are the same durum growing areas. Bet there were lower acres planted as well. Weren't Canadian durum acres lower too?

[farmaholic]

No durum on this farm this year danny, they make marketing it feel like you're being sodomized that you don't even want to grow it anymore.... You listening too CGC and end users?!?!?!?!?

[wmoebis]

Offers out for $8.10 old crop

Where? I can't even find anyone wanting to take any before end of Aug.

[bucket]

Wmoebis

Didn't you get the memo. ...sign now for a contract in July....deliver in December.


That way they can use your storage and see if they actually need to pay for it or shitcan the contract.


Yerry set up a perfect system.

The railways only move 32 mmt while the farmers grow 60mmt....best way to control the market.


Meanwhile farmers build storage for 1 turn a year or every second year.

[farming101]

Where? I can't even find anyone wanting to take any before end of Aug

Stoon area

[Hopalong]

Thinking back to 2013 crop year when many questioned official crop forecast figures.
Railways used forecast to justify gearing down grain movement when they could make more money shipping other materials.
Farmers got caught holding production that they had not been willing to sell earlier.
Free market system has performed well since then, not ready to go back to more regulated marketing.

[danny W1M]

It's worked better in large part to the fact that a lot fewer natural resource commodities are being shipped on the rails due to their down turn and are not competing with grain for rail car space and locomotive power.

Railroad companies are interested in moving grain when there is less of everything else to move.

[danny W1M]

WTHell, $8.00 for #2 13.5 HRS and $10.10 for #1 canola ! ???

[ajl]

8.30 quoted here for old crop. Edmonton region.