I got the Call yesterday! Sell your wheat before it drops!

[farmaholic]

Hmmmmm, must be too opinionated and outspoken or adversarial about the offers. We all have choices and opinions, exercise which ever ones work better for you! Nothing wrong with taking a cookie if you think its good enough! Everyone's circumstances are different, for some it could be an opportunity that shouldn't be passed up.

I thought if I contract some #2-13.5 for $8.25-$8.50 for next winter delivery and harvest lower quality and have to take a discount....my net price could still be better than the spot price at the time or what's available a little further out if the floor falls out of this market later!

How's that for me singing from a different song sheet ladies and gentlemen?

It's like the Senate here lately...."the house of sober second thought"

[blackpowder]

Well geez, until I can grow bitcoins......

[farmaholic]

Is that all it took to get you in the door ??

8 is damn near nothin !

easy to beat ! grain companies laugh all day long at yous while there counting there cash !

wheats for fools !

........but I haven't done anything yet.....just thinking in print.

Now if they'd write premiums and discounts into those contracts and honour delivery dates they'd really have something!

[sumdumguy]

When I see how easy it was for a BMO bank executive from "Lebanon" to divert over 9 million dollars to overseas accounts, I can just imagine how secure bitcoins are. Now you see it - now you don't!

Fraudsters can do that much damage working right in a bank - unbelievable, where every move on a computer is tracked. What kind of security?

[furrowtickler]

Regardless of all the above .... wow what a close to the July long weekend 👍👍
No if would just effin rain for @&@& sakes !!

[Partners]

Depends if grain company's will pass on the price increase to the farmer.
Viterra price dropped 34 cents after our targets hit.

[SASKFARMER3]

What did The grain company know at the beginning of thE week that they wanted me to sell. It's called hoping the farmer doesn't read information.

[blackpowder]

Over 9$ here this morning. #2 13.5 Oct Dec delivery.

[sumdumguy]

Huge drought area in US wheat growing area is relentless, why would Minneapolis back off?

[malleefarmer]

not sure if I mentioned it in last few weeks a friend marketing analyst and farmer went back for I think 25 years and rarely does market give up gains made in june july in full, can trend lower but usually flattens out until oct nov before southern hemisphere harvest starts

[furrowtickler]

End of the day , it's an absolute slap in the face from line company b/s that they send out stuff like that knowing full well .... and they do .. that shtf the days following. Wow a they do actually think farmers are that stupid and some do follow their religion. Cause that's what it is ... worse than a cult

[farming101]

You would think with the story of a pending shortage of high protein wheat that the premium for 14.5 over 11.5 would be increasing. Well think again. The local here took another 12 cents on Friday.
$1.15 premium back in September. 53 cents on Friday. Hey no one will notice. The price is going up isn't it?

[farmaholic]

Next excuse not to pay for px will be the drought conditions around the world produced enough to meet demand. If dryness continues here on our farm we will likely have some freakishly high px levels of which they don't like paying for protien over 15%......

[farmaholic]

Yup, you gotta wonder what they knew. Look at the U.S. Minni market today, on a short trading day and the eve of a civic holiday.

[danny W1M]

Traders and speculators assume/know that farmers down grade and write-off their crops sooner on public posting forms than likely reflects the truth about the actual condition of their crops. A week or two when farmers it ND, SD and MT were saying rain was too late, it was likely taken with a grain of salt. The New forecast out this morning, will now give credence to the farmers earlier posts, with the dry and heat forecast for the next 10-14 days.
Ya there might be high protein, but the concern now is moving to bushel weight and falling numbers! It may not be suitable for milling grade.

re canola, the vast majority of canola acres across the prairies will start/or be blooming this week, our area is forecast for 35'C next weekend. Good soil moisture can help some, but won't protect all flowers at such high temps., imagine a wind with it.