Latest wheat marketing

[errolanderson]

MOSCOW, Aug 17 (Reuters) - Russian wheat export prices fell
last week for the third week in a row, under pressure from the
new crop and signs it could be larger than previously assumed,
analysts said on Monday.
Russian wheat with 12.5% protein loading from Black Sea
ports was at $201 a tonne free on board (FOB) for supply in
August-September at the end of last week, down $4 from the week
before, agriculture consultancy IKAR said in a note.
Sovecon, another Moscow consultancy, pegged wheat at $200
per tonne, down $5. Barley fell by $1 to $182 a tonne.

IKAR and Sovecon have been raising their estimates for
Russia's 2020 wheat crop in the last couple of weeks, but both
remain cautious on its prospects in the Urals and Siberia, which
were hit by dry weather.
Corn has also been hit in Russia's south, which accounts for
50% of the country's sowing area, SovEcon said. The main grain
producing regions in the European part of Russia are expected to
be mostly dry this week.
Russia has already exported 4.5 million tonnes of grain,
including 3.6 million tonnes of wheat, since the start of the
2020/21 season on July 1, and exports are expected to speed up
further soon.
Russia's August grain exports are estimated at 4.9 million
tonnes, up from 3.0 million tonnes in July, Sovecon said.

This is the reason for the August pullback in wheat prices. Russia's crop is yielding better-than-expected after a rocky start to the growing season. Black Sea export values have eased back after surging modestly in July. Russian yields now estimated 2% higher than a year ago.

[Sheepwheat]

I know the answer. Grow more! Drain every slough, clear every bush, rip out all the treelines, max out inputs, grow more.

It’s worked all along, right? I mean since the nineties at least! Lol

We must keep at it and simply grow more, because it just works so well...

[beaverdam]

Minneapolis Wheat has one of the biggest moves up,,, that held,,, in a long time.

https://www.barchart.com/futures/quotes/MWZ20/interactive-chart https://www.barchart.com/futures/quotes/MWZ20/interactive-chart

short commentary https://www.barchart.com/story/futures/quotes/MWZ20/overview/149127/wheat-closes-with-tuesday-gains https://www.barchart.com/story/futures/quotes/MWZ20/overview/149127/wheat-closes-with-tuesday-gains

[Sodbuster]

Sold my wheat today, you can thank me when the price goes up next week.