Why is wheat not moving or is it the Sleeper of 2020

[Bowerpower]

Grain companies make as much as they can. If they have a large enough supply and farmers are selling why would they bid up?

[SASKFARMER]

Min wheat up .14 cents today.

Chicago also.

Prices moving with trade deal started with China.

Canada with it’s sit and do nothing has farmers pissed as they take it on the chin under the leadership of Trudeau.

[Oliver88]

Grain companies make as much as they can. If they have a large enough supply and farmers are selling why would they bid up?

Yep, with all the willing sellers prices will be brutal.

[Guest]

Grain companies make as much as they can. If they have a large enough supply and farmers are selling why would they bid up?

got an exciting offer from a text today , $5.25 feed wheat , FN doesn't matter ? FMG?
planning a birthday party for it instead

[farmaholic]

got an exciting offer from a text today , $5.25 feed wheat , FN doesn't matter ? FMG?
planning a birthday party for it instead

Is that sarcasm because your wheat is.better than feed?

[Guest]

Is that sarcasm because your wheat is.better than feed?

80% graded 2 from CGC , so I'm holding out for that
the other 20% is feed which will get better in the bin after a year or two, we cannot grow wheat for $5
yes definitely sarcasm
they wanna give feed for 3/4's of it
what really got me thinking was when the beautiful #1 , 385 FN, 14.5 px , 12.5 mt, we carried over (thats a story for another day) dropped to a 3 in a steel bin , i think we got "curved" like university scores

[farmaholic]

Shouldn't grain markets he gearing down for the holiday season?

[walterm]

So again, what would you do with this information? I can’t digest what we already get. If I’m checking basis and spreads and running the farm I’m maxed out.

Be careful what you wish for. More published information might just benefit customers or competitors more than the farmer.

That is funny those are the exact same words that the CWB used when protecting open transparency. Yet farmers were adamant they had a right to transparent of each and every transaction.

But at least we could see there annual independent audit every year in their annual report. Same as farmer owned grain companies at our annual meeting and audit report.

[jazz]

russia is a notorious fall dumper that's why Canada shouldn't sell s bushel before Q1. They are trying to source supply for the spring period. Russia probably sold out. Aussies and US low supplies.

Maybe my BTO neighbor is Russian cause he empties those bags right after he fills them.

[Bowerpower]

I do think there is a story here. Wheat to the moon if northern hemisphere planting troubles.

[SASKFARMER]

Wheat in Europe is dealing with a very warm winter so far. If a polar vortex comes down and hits it hard it will have some issues with frost tolerance.

China has the potential for lots of Yellow rust in its wheat.

Just a heads up.

I sound like Don. It has to go up and really only did once in my lifetime to the moon.

[bucket]

So again, what would you do with this information? I can’t digest what we already get. If I’m checking basis and spreads and running the farm I’m maxed out.

Be careful what you wish for. More published information might just benefit customers or competitors more than the farmer.

A few questions ....

1. What do american farmers do with information like knowing forward sales....
2. And Port prices
3. Basis helps only if can look at port prices compared to prairie prices and looking at freight rates...to know if you are getting ripped off...


In other questions why can't you sign the spreads on grades when you sign a forward contract....in this day and age they still use 1950 contracts on grade and protein....

Where is the CGC for updating the industry....