Originally posted by bigzee
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I said it when the rains didn't come and now some are finally agreeing.
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Originally posted by farming101 View PostYes, although patience is definitely the word to use. Don't see anything great for the next 2+ weeks
Watch these price marks in ZWZ for direction: Closes over 5.49 positive. Closes under yesterday's low of 518.5 obviously negative. There's the range.
Russia export forecasts for 2018-19 may start to percolate higher
EU poor crop will partly be dealt with by lowering domestic consumption. Go on a diet-supply problem solved
Sask avg wheat #1 13.5 prices:
2 year trend 247
1 year trend 240
6 mo trend 240
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Originally posted by farmaholic View PostIt's got to be close to testing support. 101?
Watch for production out of NE SK. I think it will out do last year. Also the floodgates should be opening with new canola coming to town right about now. There is so much grown that it's hard to run out, especially this time of year
Canola prices, while near some support could be going no where till this soybean tariff thing shakes out more. Don't see $11 being offered in any month for SK. Alberta, yes
Right now bean prices in the northern portions of the States are poor. That could spread, putting the lid on all oilseed markets
Soybean crush spread has backed off substantially and while still good could be heading for the next leg lower. Canola crush margin off too by quite a bit and not so good
4 yr trend 498
3 yr trend 496
2 yr trend 497
1 yr trend 488
6 mo trend 472
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