In the washup usda report was bearish for stocks bullish for acres.
So can it be deemed almost neutral and again we will rely on weather events for spikes in the market?
Next question will guys pull spring wheat acres out of production?
Million dollar question and hopefully wont start climate change discussion is NOT the point, but you guys have real fears of late seeding?
Late seeding chances here in australia are increasing weekly, some guys resigned to the fact it will be late bit early to call, but zero rain is forecast other than a few mm here and there for whole month of april. Many like to seed from say april 20 th onwards. Some areas have not had rain since novemeber useful rain that is.
And becasue of this feed barley may well of even exceed 260 per tonne port in next few weeks, as discussed previously its a decile 8 or in other words 8 out of 10 years prices are below this, historically we only go back 15 years when comparing prices but it attractive.
Until a general rain occurs that price will hover around these levels
It actaully above wheat for nov/dec 18 delivery at the moment strange times
So can it be deemed almost neutral and again we will rely on weather events for spikes in the market?
Next question will guys pull spring wheat acres out of production?
Million dollar question and hopefully wont start climate change discussion is NOT the point, but you guys have real fears of late seeding?
Late seeding chances here in australia are increasing weekly, some guys resigned to the fact it will be late bit early to call, but zero rain is forecast other than a few mm here and there for whole month of april. Many like to seed from say april 20 th onwards. Some areas have not had rain since novemeber useful rain that is.
And becasue of this feed barley may well of even exceed 260 per tonne port in next few weeks, as discussed previously its a decile 8 or in other words 8 out of 10 years prices are below this, historically we only go back 15 years when comparing prices but it attractive.
Until a general rain occurs that price will hover around these levels
It actaully above wheat for nov/dec 18 delivery at the moment strange times
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