Wheat

[bucket]

I would be happy if they would report their sales like the US does every day...

How can you have the railways reporting record movement and no one knows where the grain is going?

[malleefarmer]

Mallee, this might be a schtoopit question, but does Australia have a futures trading platform for wheat, canola or other grains?

We do for wheat but liquidity is the issue.

Can be hard to get in and out of positions apparently

Can you give me on farm price farma that you would roughly receive for standard wheat and canola Frieght etc you haulage to train orcelevator taken off

[farmaholic]

We do for wheat but liquidity is the issue.

Can be hard to get in and out of positions apparently

Can you give me on farm price farma that you would roughly receive for standard wheat and canola Frieght etc you haulage to train orcelevator taken off

Local wheat bids 13-13.5 Protien is about $6.00 to $6.20 now til January.

Rumblings of $7 wheat July 2021.

Canola $10.80 to $11.50.... now to July 2021. Steady carry in futures. Probably see spot increases("specials"....lol) when tonnage is needed then fall back down to discourage delivery.

Those are delivered prices, we self haul but that isn't free either. Custom rates must be $10/tonne for our distance to terminal.

[farmaholic]

I subscribe to a Broker newsletter and hogs and cattle are eating wheat worth approximately $7/bu delivered to feedlot/ hogbarn.

Now I know what the pigs and cows will eat. Wouldn't corn or barley supplant wheat in the ration.

What are you being offered for milling wheat?

[Oliver88]

Good increase today. World wheat supplies are questionable.

[Guest]

Good increase today. World wheat supplies are questionable.

no, no ,oliver, that is not right ? don't you listen to the experts ? watch the news? , read our "farm newspaper" ????
the world is "awash" with wheat " *
see what they have to say when this bitch drought comes full circle , next year
can't buy a rain in the "lesser swamp"

[Oliver88]

Is Russia and Ukraine in a drought?

World was “awash with wheat” two months ago.

[farming101]

Not looking for a lot more in the near future. Maybe 618.25 Chicago Dec20.

[Oliver88]

Not looking for a lot more in the near future. Maybe 618.25 Chicago Dec20.

Are we now in the territory of put options?

[farmaholic]

Are we now in the territory of put options?

Do you think the market will fall? Because you want to "spend money" on a put.....

The price I was hoping to achieve in July is getting to be a reality in the near by months.

Where is it heading?

[flea beetle]

Do you think the market will fall? Because you want to "spend money" on a put.....

The price I was hoping to achieve in July is getting to be a reality in the near by months.

Where is it heading?

UP! And I believe this is just the start. But I’m no expert, just a dumb farmer.

[malleefarmer]

Argie cut a million tonne frommestimates and ongoing dry in northern hemisphere almost as awhole it seems