MGEX Wheat and ICE Canola Prices

[farmaholic]

Ouch as of late....

Getting ready for Harvest Happy Hour?

Maybe we(on our farm) will be the only ones with half the quantity of crop we had last year and the market won't have to pay too much for wheat and canola in the coming 17/18 marketing year.

Everyone else yielding "average"? Will suck to be me.

[Kinger]

Manitoba is looking good

North of Calgary not bad

Northern sk is ok

It's not gonna be a amazing year like the last few but it's not going to be a 0 year either.

Know what your revenue per acre target is and look for it.

Not really that different just get to put less hours on the trucks this year.

[farmaholic]

Kinger, sometimes the market won't make us profitable, just the way it is. If I didn't grow it that's my problem.

[fjlip]

When we drowned in 2010, no big market moves.

[Oliver88]

Grain bins will be very important this year it appears.

Very surprised to not see a significant price increase for malt barley yet.

[SASKFARMER3]

Oh but they believe it's a boomer of a crop.
Heat makes little seed and high protein.

[Oliver88]

What do the canola traders know?

[Kinger]

That harvest is coming

We are short canola right now and even if it is a small crop guys will be hauling to the elevator. Puts pressure on prices etc.

Or China did something. 50/50 either way

[SASKFARMER3]

Canola traders know **** all. Not one 60 plus crop out their. Even the Dude with the 100 Bushel wink wink yield.

Its half what last year was

[seabass]

Those ******* are just killing the market so they can buy in and push the market up and make shit loads of money. True price discovery is long gone. Hedgefund donkeys manipulate the markets to there advantage when at all possible. Heard one trader say it rained in South Dakota so that automatically means it must have saved the spring wheat crop. Give me a ****in break. Total bullshit artists.

[Oliver88]

Those ******* are just killing the market so they can buy in and push the market up and make shit loads of money. True price discovery is long gone. Hedgefund donkeys manipulate the markets to there advantage when at all possible. Heard one trader say it rained in South Dakota so that automatically means it must have saved the spring wheat crop. Give me a ****in break. Total bullshit artists.

LOL....rain on wheat in South Dakota that is already rolled up in a bale.

Classic.

[farming101]

I could easily be wrong on this hunch but don't think MWZ will spend much time under 7.25

[danny W1M]

MGE WHEAT DEC just formed the first shoulder in a head and shoulders formation.
Thoughts?

[Kinger]

Wheat will be trading $6.75 if the crop tours in the US report anything less than a barren wasteland.

[HappyFarmer]

I could easily be wrong on this hunch but don't think MWZ will spend much time under 7.25

Agreed.

We are getting way over done i think down here on wheat and canola........ We haven't even started the 17/18 crop year yet. Nothing to panic about. We all know how many problems there are out there. I'm sure someone is taking advantage of the down market we are in....and long term that's really not a bad thing. Cause today we don't have to do anything except watch.

Palm oil up 71 over night and canola down 5 LOL.