Markets- soybeans, canola,corn, wheat

[HappyFarmer]

So with the lower wheat planting numbers, and what looks like a pile of feed wheat coming off this fall and next spring in Canada and the US, why is Chicago wheat gaining ground on MPLS wheat? Is there a abundance of good quality somewhere?

Pure supply demand fundamentals are "bullish" compared to Minni and KC, although looking at export inspections this past week for soft wheat,it appear the market is doing its job in trying to destroy demand for soft wheat.

[farming101]

Pure supply demand fundamentals are "bullish" compared to Minni and KC, although looking at export inspections this past week for soft wheat,it appear the market is doing its job in trying to destroy demand for soft wheat.

An anomaly. SRW exports 216,300 Mt ahead of last year.
Gulf bids are higher than last year but ending stocks are forecast to be down a fair bit. So exports will likely trail off a lot as the marketing year progresses.
Quite a lot more than the total production of SRW is traded every day in Chicago. Chicago is not really a great price discovery tool for SRW

[Oliver88]

World is awash of wheat....

Will the futures, basis price or currency be the factor to push HRS wheat higher when it does finally improve?

[Oliver88]

So with the lower wheat planting numbers, and what looks like a pile of feed wheat coming off this fall and next spring in Canada and the US, why is Chicago wheat gaining ground on MPLS wheat? Is there a abundance of good quality somewhere?

Big question is if quality wheat with Falling Numbers >300 rally?

[farmaholic]

Canada feed

[flea beetle]

Canada feed

[ATTACH]5314[/ATTACH]

Are you kidding me? I think it is finally time to stop growing HRS and grow garbage with the rest of them.

[Hamloc]

First off was fairly fortunate as we got our Brandon wheat off in good shape considering the fall. Was all binned in the 15.2 to 15.5 moisture range. Took samples to various grain companies and they agreed with the moisture levels. It all graded #1 and #2. Falling number ranged from 315 to 369. The kicker was protein ranged from 10.8 to 11.1. Most prices quoted around here are $6 to $6.40 for top grading hard red wheat. The protein discount in most places is $1.20 for 11 protein wheat. With freight, protein discount and drying it 1 point it pencils out to just under $5. So I sold it all into the feed market for $5.48 at the bin. There is a 8 cent deduction for grain testing between 15 and 16. So far have shipped 2 loads, 1 tested 15 and the other 14.7. Grain was binned for 7 weeks in bins with Gatco tubes in them. Overall fairly disgusted with the grain companies and their pricing. Very sad when #1 wheat brings more as feed.

[malleefarmer]

Stating to think Australian harvest over estimated all commodities except barley

[malleefarmer]

Haven’t read market comments but seems all green,

[Guest]

First off was fairly fortunate as we got our Brandon wheat off in good shape considering the fall. Was all binned in the 15.2 to 15.5 moisture range. Took samples to various grain companies and they agreed with the moisture levels. It all graded #1 and #2. Falling number ranged from 315 to 369. The kicker was protein ranged from 10.8 to 11.1. Most prices quoted around here are $6 to $6.40 for top grading hard red wheat. The protein discount in most places is $1.20 for 11 protein wheat. With freight, protein discount and drying it 1 point it pencils out to just under $5. So I sold it all into the feed market for $5.48 at the bin. There is a 8 cent deduction for grain testing between 15 and 16. So far have shipped 2 loads, 1 tested 15 and the other 14.7. Grain was binned for 7 weeks in bins with Gatco tubes in them. Overall fairly disgusted with the grain companies and their pricing. Very sad when #1 wheat brings more as feed.

and i have 17 protein going the same place because of .04 ss
its a ****ing joke