Wheat

[Oliver88]

MGE Sept wheat up 0.10USD
MGE Dec wheat up 0.06USD

Can prices hold?

In mid-August the world was awash of wheat and now prices are creeping back.

[Partners]

In mid-August the world was awash of wheat and now prices are creeping back.

Long way to go to even get excited about wht..
Dry most bushels every yr.
Most larger farms here are only bly..oats and canola..
We might X wht totally next yr to..

[malleefarmer]

Not a shot at anyone but hard for me to grapple with it, but I don7nderstand your land prices are inflated, your fert costs are bquadriple m8ne perhaps even more , fungicide freight way higher, your on farm price less plus you have carry costs.

But some of the yields you guys talk are in the stratosphere but I’m not that dumb you need good yields but my old school maths 80 bushels even at lowish prices should be a winner.

Ps in oz don’t forget no insurance sink or swim or swim backwards.

Due faking all my swimm8ng lessons and actually touching the bottom I failed swim class at school but records show I can swim.

[Marusko]

Not a shot at anyone but hard for me to grapple with it, but I don7nderstand your land prices are inflated, your fert costs are bquadriple m8ne perhaps even more , fungicide freight way higher, your on farm price less plus you have carry costs.

But some of the yields you guys talk are in the stratosphere but I’m not that dumb you need good yields but my old school maths 80 bushels even at lowish prices should be a winner.

Ps in oz don’t forget no insurance sink or swim or swim backwards.

Due faking all my swimm8ng lessons and actually touching the bottom I failed swim class at school but records show I can swim.

growing hard red spring wheat, at 12.5% protein and no. 1 or 2 is around 6/bu right now

These numbers are average of last 3 years. Yield was 72bu/ac, I need 55bu to cover equipment, inputs, crop insurance, grain drying. another 18bu to cover land rent, or 38bu for what purchased land payments are

I'd be happy with 80, it would mean I'm actually getting somewhere

how do you have such lower cost of farming? Do we have that much cost of regulation baked into our prices? Or are the ag conglomerates making that much more money here just because they can?

[malleefarmer]

Direct costs thus far add harvesting which I work at $30 per ha. Depreciation taxes rates etc come off profit.
Yield hopefully 2 to 2.5 t ha currently $260 on farm for wheat per tonne nov delivery

[fjlip]

Direct costs thus far add harvesting which I work at $30 per ha. Depreciation taxes rates etc come off profit.
Yield hopefully 2 to 2.5 t ha currently $260 on farm for wheat per tonne nov delivery

[ATTACH]6570[/ATTACH]

How does Malt Barley compare to your wheat costs/returns?

[malleefarmer]

How does Malt Barley compare to your wheat costs/returns?

Rarely get malt but target barley market is feedlots piggeries feed mills.

Line ball wheat usually ahead

[errolanderson]

Extremely dry in Russia and Ukraine right now.

Forecast for the next two (2) weeks don't show relief. Russian export values again rising. This is a watch . . . .

[furrowtickler]

Extremely dry in Russia and Ukraine right now.

Forecast for the next two (2) weeks don't show relief. Russian export values again rising. This is a watch . . . .

Thanks for heads up Errol
Will there be much of a market for off grade HRSW if weather issues continue here ?
It will be an issue already in some areas

[errolanderson]

Thanks for heads up Errol
Will there be much of a market for off grade HRSW if weather issues continue here ?
It will be an issue already in some areas

High protein wheat prices are simply too low (IMO). Minneapolis spring wheat and Kansas City futures have clearly broken to-the-upside.

Feed wheat may be a different story as demand right now struggling. IGC London continues to hike global wheat production, but this may come-to-a-halt soon.

Argentina wheat production well down. Europe has production issues as well. Where's there's smoke . . . .

[furrowtickler]

High protein wheat prices are simply too low (IMO). Minneapolis spring wheat and Kansas City futures have clearly broken to-the-upside.

Feed wheat may be a different story as demand right now struggling. IGC London continues to hike global wheat production, but this may come-to-a-halt soon.

Argentina wheat production well down. Europe has production issues as well. Where's there's smoke . . . .

Just keeping fingers crossed we don’t have a disaster harvest from here on with wet / snow weather like last two years
Just need to get this in the bin
Can be so close Yet so far .
Thx for your insight 👍, much appreciated

[Guest]

apparently , the gig is up on the huge canola crop and huge carryover?
$11 for nov. already , and this during happy hour