Wheat

[farmaholic]

How much is discount at now?

Where we're dealing now I believe its 4 cents per tenth up and down.

[Oliver88]

Where we're dealing now I believe its 4 cents per tenth up and down.

Almost back to normal than at that location for the deduction.

[farming101]

5 up and 8 down here. Must be no shortage of low pro here

Ship count improving. More wheat came into elevators in week 31 then went out. That's got to change.
Are there good wheat sales on the books going forward? No one knows
8.20? Not unless it was super high protein. 13.5 should be around 7.20 if things get freed up, with local bids higher (7.50) based on spot needs/good movement, but it might take a while and by then all eyes will be on 2018 prospects

Something that could lend support to the whole grain complex is the corn story shaping up.
Argentina (17% of world exports by value in 2016) and Brazil (14%) may cut exports this year based on less than ideal conditions and seeding timing(second crop corn). US sales and exports hit marketing year highs in this weeks report. Latest WASDE has the US picking up Argentina's corn export cutbacks. Stay tuned

[farming101]

World markets have pressured Kansas wheat lower in spite of the fact that there will no doubt be a further reduction in stocks of HRWW in the States this year.

Looks like there is not much hope of any near term improvement in HRS prices either. MWK18 may go under $6 and wallow around in the 5.95 - 6.10 area for most of April as long as a few showers come and go through the northern states during that time frame. MWN18 may stay above 6.15 but I doubt it

[errolanderson]

Sell-off in wheat is just part of the broader sell-off across global commodity markets. From gold to crude oil to copper to the cattle board, prices are now showing instability. Central bankers continue to put their head in the sand with failing Keynesian economics.

Despite all the media hype of a sparkling U.S. economy, it just isn’t . . . GDP growth is now showing cracks after Trump tax cuts. There is another real chance of another U.S. gov’t shutdown very soon.

U.S. could well be in a recession before the year is out . . . . Canada has never really got out of recession that began in Jan, 2015. Gov’t deficit spending which ballooned our public deficit is now Canada’s economic engine . That sucks (IMO) . . . .

Realize, I’m rocking the boat, but commodities have serious head winds ahead. As a result, demand is king, not supply. It will be critical for all producers to have a marketing plan. The global market doesn’t care about our breakevens and what we think we need.

[bucket]

Thats right Errol , farmers will just have to grow more to make up for the shortfall.

Doubt anyone is taking a paycut other than farmers...

.....steel workers won't be after Trudeau pledged his support of the industry (read Quebec) or the plane business (read Bombardier and Quebec).

IMHO the only guys taking it on the chin will be guys that try to make an economy (read Wealth creators aka farmers) work.

disclaimer:::::By wealth creators I don't mean farmers are making money but they do drive the economy.

Unlike that ****head Galen Weston who makes money off farmers back by price fixing and collusion....and yet they are wealthy....****ing criminals.

the dumb****led farmer...tm.

[errolanderson]

Thats right Errol , farmers will just have to grow more to make up for the shortfall.

Doubt anyone is taking a paycut other than farmers...

.....steel workers won't be after Trudeau pledged his support of the industry (read Quebec) or the plane business (read Bombardier and Quebec).

IMHO the only guys taking it on the chin will be guys that try to make an economy (read Wealth creators aka farmers) work.

disclaimer:::::By wealth creators I don't mean farmers are making money but they do drive the economy.

Unlike that ****head Galen Weston who makes money off farmers back by price fixing and collusion....and yet they are wealthy....****ing criminals.

the dumb****led farmer...tm.

bucket . . . hear your frustration . . . but this situation goes well beyond the farming community. All business has to be aware of these global financial risks.

For instance, the fallout in retail has just begun (IMO). The incoming generation of spenders will have a totally different attitude on debt and consumerism. Not good for the banking industry either. The debt bomb has yet to 'go-off'. That alone may take a generation to repair . . . .

[bucket]

Or it might take the generation to understand that to earn 100k a year actually requires some effort...

I might be saying this wrong but.... its been too easy for too long for the younger generation....or does any CEO need to be paid 100s of millions?

fire away.

[grassfarmer]

As for price I was at the Sask. wheat commission meeting in Tisdale yesterday and the speaker that talked about markets said that No 1 13.5 would be selling for about 8.20 right now if the railroads were able to move grain.

That sounds familiar - reassuring sounds to encourage you to plant another crop - there is light at the end of the tunnel, prosperity is just around the corner...... if it only it weren't for..... (think of the excuse).

[malleefarmer]

And buyers dial 1800 russianwheat