Wheat

[farmaholic]

This is ugly even without last weeks news...



Is the bottom in?

[farmaholic]

July's mirror image...

[bucket]

Nope.... there are still bushels going to the system thanks to the railways default last winter and graincos don't know wtf to do with a bunch of wheat that may not have a home for a while....

[bigzee]

I may sell some for standing green feed. Hay is going to be a shortage, especially in this area. Cattle guys need something, could make a lot more than harvesting it.

[beaverdam]

Even our 75 cent dollar, can't offset that. If Trudeau keeps ****ing around with NAFTA, we'll have a 50 cent dollar. Might offset the wheat price per bushel, but try to image buying a combine or crop inputs with a 50 cent dollar !

[helmsdale]

Even our 75 cent dollar, can't offset that. If Trudeau keeps ****ing around with NAFTA, we'll have a 50 cent dollar. Might offset the wheat price per bushel, but try to image buying a combine or crop inputs with a 50 cent dollar !

Honest to god Im convinced he's dragging the puck hoping for a change in administration in 2 years. And if the dem's put up another dud it's going to turn into 6.

[helmsdale]

Last couple years, the next couple weeks were the high point of the wheat market. Always seemed that if I could price something in July there were favorable prices to be had that the market struggled to reattain the entire year. Going to be a long year if this is the "high".

[farming101]

July (which is winding down) 560.25 then 554.25 which should give a bit of support

September, December could be bad. Perhaps the best that can be hoped for is for support to hold in the 560's when Sept then Dec become the front month. There are some much worse senarios

[malleefarmer]

Ukraine and parts of europe drying trend australia still lots of dry pockets and seems only average possible counter balance plenty of good spots in world and not sure usa crop better than expected?

[farmaholic]

Wheat marketing has definitely changed since the advent of the open market. We can no longer expect to dump wheat on them if they aren't actively looking for it. Oh they'll "take" it if they have room and no where to send it, but you may have to take less money.

Wait for the signals.

[samhill]

India with 2 in a row large wheat crops.

[Rareearth]

Patients Sam

They will become accustomed to, and used to lots of available food.

India has a very variable monsoon and hot temps. Once they have a failure??