Reading reports this morning having breakfast.
Despite earlier reports seems Russia Black Sea crop just keeps getting bigger.
And stated russiannwheat at moment most expensive in the world, that would be a first.
Mentioned fair to good crops world wide wide northern and Southern Hemisphere was talking generally.
Some cracking rain forecast in NSW a big producing state here mid to late week. We will get the dregs which will be welcomed.
Think wheat prices are gonna ease down kinda like walking down a stair case rather than a elevator going down just pick spikes perhaps.
As COVID restrictions ease here and meat packing plants get back to full output grain will be needed by feedlot sector milk sector pigs poultry so domestically we may be ok down 20% from drought induced highs of last year
Despite earlier reports seems Russia Black Sea crop just keeps getting bigger.
And stated russiannwheat at moment most expensive in the world, that would be a first.
Mentioned fair to good crops world wide wide northern and Southern Hemisphere was talking generally.
Some cracking rain forecast in NSW a big producing state here mid to late week. We will get the dregs which will be welcomed.
Think wheat prices are gonna ease down kinda like walking down a stair case rather than a elevator going down just pick spikes perhaps.
As COVID restrictions ease here and meat packing plants get back to full output grain will be needed by feedlot sector milk sector pigs poultry so domestically we may be ok down 20% from drought induced highs of last year
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