Grain markets , Larry , Errol ?

[furrowtickler]

WTH is with the wheat market dropping yesterday?
What are market concerns on the corn crop that’s 40 days late ?

[Guest]

WTH is with the wheat market dropping yesterday?
What are market concerns on the corn crop that’s 40 days late ?

oh its all good now, prairies received a timely rain(just a month late)
well some did , majority is dryer than a popcorn fart
seeding corn in middle to end of june in the US and ontario , yea thats all good
bumper crops coming all around
oh and there is a glut of canola , even though you can't see most of it from the road third week in june
hell, could even be a record crop again

[ajl]

Lots of rain in central AB, crop going backwards because it is now under water. Flood 2019

[furrowtickler]

This crop all over NA is going to be one of the biggest crap shoots in history .. IMO
Time will tell .... by August ......

[SASKFARMER]

This the market knows is a total crock of shit.

Explain the tall guy in the cornfield last year and this year it's not over his shoes in height a total idiot could see the crop won't be there and we have lots JT might win.





OR bumper canola crops in Western Canada when its almost July 1 and you cant see rows yet. Real special people again running things.

Oh, Buy fungicide because it's going to be running out since it rained now. Pump the piss to this crop, Mr. Farmer.

[farming101]

Wheat outlook mixed. Kansas needs to prove itself, 5.10+ needed. Chicago has a better setup

Corn, lots of momentum for higher prices yet. Sideways for the next 3 weeks could be best for it

Bean complex the weakest. No surprise

Surprise CAD strength recently

[Agvocate]

This was never a wheat rally to start with. Corn running brings the underlying floor of feed values higher which somewhat will support wheat. World wheat supply remains healthy. Agree with the comments that corn needed a breather. A 40% price increase needs to take a break and the market needs fresh news to keep it going. The minute corn can't run, wheat will be the leader back down. Sold wheat and oats cash on the move higher for new crop. More stubborn on the canola front as I believe we still get a move in beans that drags canola up. Local crops are in incredible shape and most in crop spraying is wrapping up.

[errolanderson]

furrow . . . corn will be the backbone of grain markets heading into the summer weather season.

The U.S. corn stocks-to-use ratio will be snug below 10% likely for 2019-20. This suggests that corn cash prices could continue to firm up over the next few weeks, pulling other grain markets along for-the-ride.

Again, corn is the 'locomotive market' . . . once it gets on-a-roll, get out of the way. Global wheat stocks are ample, but corn's power will even support wheat (IMO). Soybean stocks are ample, but again corn will be the lead. Canola downside also now limited (IMO) despite improved crop conditions . . . .

An opinion for what it is worth . . . .