Positive sign for wheat ..

[furrowtickler]

[farming101]

Yes, signs of life, will need to watch grainco basis levels very closely. Too early to call it a buy. 2018 months a little stronger

[bucket]

Does it make sense to think the contracted grain is almost current and filling trains is getting tougher....lots of space west coast and prairies it seems by the lack of lineups. ....a rising Baltic dry index... wouldn't it be wise to have the grain in position....


Yields of spring wheat are probably known...2 bushels per acre to seed on the spring of 2018 .....all factors in ....not sure the access to high protein is a given. ...tight hands hold the stocks. ...

IMHO. ..dumb****led farmer tm.

[danny W1M]

Farmers just aren't going to sell their good looking HRS wheat for $6.00/bus, atleast not till April or May! lol

on a side note, seems canola is swimming upstream today. Beans down 11-13 cents, soyoil down almost everyday in Sept, yet canola holding even today(so far).

[quadtrac]

Farmers just aren't going to sell their good looking HRS wheat for $6.00/bus, atleast not till April or May! lol

on a side note, seems canola is swimming upstream today. Beans down 11-13 cents, soyoil down almost everyday in Sept, yet canola holding even today(so far).

That’s $7.50 before the bins open here before July. And build more bins if it don’t happen by then.

[furrowtickler]

Agree Quadtrack 👍

[agstar77]

companies have bought the cheap grain, now they will have to pay up.

[furrowtickler]

Hence the big protein spreads . They basically lowered the price they will have to pay for good number one wheat . There is lots out there at low protein so now they will only have to pay more for the higher protein and then blend up with cheap #1 low protein. Just a numbers game plus the harvest grab is pretty much done except for the north and western crop. But none of that will be a #1 anymore . So what's left for good protein #1 hrsw is in the bin now

[sumdumguy]

Bins are locked here, tighter than a firt.

[Oliver88]

I have a feeling the best prices for wheat will be June to August again.

Lock the bins.

[Kinger]

If you look at a historical 20 year futures chart you can see that "normally" is the case.

Or if you want to try something else.

Do a fixed basis and roll the futures too May or July

Do a call for May or July 2018 futures.

Do an averaging contract for a few months off May/July futures.

Lots of other options than locking the bins. Some even let you haul now and stay in the market.

[Quadtrack]

Does it look like the year to hold everything? Not sure on peas with India still jacking around but wheat and canola appear poised to pay a decent storage premium. wheat with protein is scarce around here.

[Lowrider27]

I don't really have too much faith in prices rising too much in the near future guys ! Why!!?? Cause the grain companies don't have to. They have a pretty steady stream of guys coming in this time of year pre-buying of fertilizer and chemicals and canola seed for 2018 and they know our breaking point. Also guys have land payments , machine payments , rent, all of it, whatever. So they have the upper hand ! Yields not so good this year, oh well then , you need to put down a little more fertilizer and we can sell you that!Whats that? You say you had a wildoat problem on some of your acres this year? Oh well we can sell you this new super duper advanced wildoat killer , and if you pay before December we will knock off 2%! Ya you get the picture! I said it before on Agriville and I'll say it again. The world is their oyster. It's their boat, it's their ocean. How long can you swim?

[furrowtickler]

A long time if you know how , or if your willing to try lol

[blackpowder]

By the end of Oct I won't much more than seed wheat left in storage.