Wheat

[farming101]

If the futures market can hold on to these gains, suspect some of it will be lost, er I mean taken in the basis as harvest pressure mounts....

That is one thing you can be sure of....

[ajl]

All turns to shit when you dont make grade and you cant sell your grain and have to pay out your
worthless paper.

Having to pay it out includes the lesson that paper isn't always worthless.

[Oliver88]

Minneapolis wheat up 27 cents.

[farmaholic]

Minneapolis wheat up 27 cents.

32 cents at 11:15

[Oliver88]

32 cents at 11:15

World is temporarily not “awash” in wheat?

[Guest]

World is temporarily not “awash” in wheat?

Every year “holy **** , where did all the wheat go”
And we heard that the world had a 2 year supply of wheat from “experts” that are supposedly on our side ? And some that we are paying a subscription to ?

[helmsdale]

Every year “holy **** , where did all the wheat go”
And we heard that the world had a 2 year supply of wheat from “experts” that are supposedly on our side ? And some that we are paying a subscription to ?

If the last few years are any indication of the future, the "we're awash in wheat" will be back once combines start rolling. Right now there seems to be some uplifing(for producers with product to sell) news regarding droughts in europe, and australia, as well as moisture issues in some FSU areas where wheat is sprouting in the head. Seem some ugly pictures today of wheat heads with 2+" sprouts on them.

Seeing some pretty large yield estimates out of tours of South Dakota spring wheat areas though... Lowest i've seen was in the high 20's, plenty in the mid 40's and some in the high 60's. Anybody got a feel for what North Dakota looks like? Much like last year, there will be a scare pre-harvest, and when the bins and elevators start to take grain it'll tamp that down. But what does anyone really know. If australia's drought starts to seriously degrade the winter wheat crop, and the southern states doesn't recieve decent moisture this winter, the gloves could come off.

[Guest]

no matter what the experts are always trying to convince us , this wheat supply is very tight . just a game that gets played every year

[farmaholic]

no matter what the experts are always trying to convince us , this wheat supply is very tight . just a game that gets played every year

I brought that up a while ago...the world walks a tight rope when it comes to the world food supply....

Hand to mouth works well until there is nothing in the hand!

Its in the world governments best interest to keep the food supply flowing AND cheap.

[SASKFARMER3]

The cargill one day any month plus .25 Center deal is now .25 higher. Cargill knows

[SASKFARMER3]

Those who didn’t sign up are .25 cents ahead at close today

[macdon02]

Rumors of Russian wheat export ban