Wheat

[farmaholic]

I blame malleefarmer for my high price expectations...with the prices he was quoting back then I thought we would see better prices here.

Where are ya mate?

[ajl]

Although we are in a long term deflationary trend, I do think prices could make a run to $8 for good quality wheat here in about a month. Much of the US winter wheat crop did not get the spring top dress of nitrogen as it was too wet. That will result in low protein and combined with the shortage of corn will make some wheat go to the feedlot unless fusarium is too high. That will also get wheat of the market. This deals with any surplus of US winter. As others have mention OZ is importing wheat and will like continue to do so for the rest of the year until their new crop is ready. So wheat will be snug until the end of the year. Black sea production is forecast down somewhat as well. So I am not a seller here at these prices. We have showers coming this week in north central AB so I do think that there will be a crop in most of western Canada this year. Drought will not be a significant factor.

[farmaholic]

...... Drought will not be a significant factor.

That could be taken as an inflammatory statement by some people.

[Oliver88]

I believe there have been chances to sell at over 7 dollars in fall and early winter every year since the cwb was gone so why fool around with the rest of the year or 7 dollars plus not enough?

In 2017 & 2016 we had a good June & July run for HRS prices.

2018 didn’t.

2019?

[bigzee]

Prices to take off as I sold some today. They may drop as I may have flooded the market. 😝

[furrowtickler]

[ATTACH]4317[/ATTACH]

I think a widespread meaningful rain event will change prices.

But remember....Canada's production "supposedly" doesn't matter.

Are you profitable at the current price you could get?

Will change a For a few days ,.... but reality is , it is too late for some big areas

[bigzee]

The world is full of wheat, at the end of the day I had today’s values 3 months ago and watched the prices collapse to $6.25
Hopefully it rallied more before the wk end then I will sell more.
If it rains BIG IF, Monday morning will see a drop, and possibly a BIG ONE
That’s why they call me BIGZEE 🤣

[farmaholic]

Will change a For a few days ,.... but reality is , it is too late for some big areas

Pharaohtickler, I think wheat here is still salvageable☝️. Canola ~~~~~~~🤔. Mustard XXXXXXX👎. Flax 👍

I forgot peas ✔✔✔✔✔ for now!

[Bowerpower]

Winter wheat in states has quality issues. FSU getting dry.

[Rareearth]

Low and slow monsoon in India, dry now

[vvalk]

That could be taken as an inflammatory statement by some people.

Farmaholic. Never forget that central Alberta and north havnt a clue what drought means. 40 bus canola is a total disaster for those guys. 70km winds all day yesterday and 29 degs down in southern Alberta. 60km wind today and tomorrow.

[jazz]

My canola is going to be a disaster without a rain to bring it in the nest week. I guess back up plan is go drill some wheat down deep. Moisture is down there.