US Wheat exports and crop conditions

[malleefarmer]

CBOT September wht down A$4.31/t & Dec down A$4.32. French harvest 90% complete & Russia 50%. French farmers reluctant sellers after small crop. Brazilian crop up 1.85 mill t to a 7 mill t record reducing import needs. Global supplies strong versus tighter EU supply.

[malleefarmer]

At least wheat bounced of its low today but still down

Dreading sub $5 wheat

Australia pretty much has had ra8n yesterday and probably today over fair swath of cropping areas.
Like all events some did well some dipped out but still got something.

Australia has a average to above crop,potentially coming.

People scoffing at estimates they are in a realistic range at this stage

[Oliver88]

We are now at the “World is Awash of Wheat” annual lows.

Looks like fill contracts already committed to and hold wheat for next summer.

[malleefarmer]

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