Analysis prior to Fridays USDA Report

[beaverdam]

https://www.barchart.com/story/futures/grains/239187/agmaster-report-09102020 https://www.barchart.com/story/futures/grains/239187/agmaster-report-09102020

[malleefarmer]

Thanks BD

[malleefarmer]

As expected?

Corn beans within expectations but may lower bushels again.

Wheat bearish in my opinion. Burdensome stocks POTENTIALLY.

Lot can happen in 6 weeks up or down wheat wise.

Dunno about canola

[beaverdam]

https://www.barchart.com/story/futures/grains/246814/wasde-report-for-91120 https://www.barchart.com/story/futures/grains/246814/wasde-report-for-91120

Scroll down past the first 6 paragraphs of self promotion to COURSE GRAINS, his analysis starts there.

Sold some beans this afternoon @ $11.25/bus positive basis of $1.26/bus(which includes f/exchange)
I think that is still too wide as there should be more consideration for exchange, but I fear it could get wider
Grainco probably getting around $1.80/bus to handle these beans!

[malleefarmer]

See it meantions barley export increases from oz well and good but not sure where.

We are in direct competition with Canada.

I sell almost entirely domestically.

Won’t be a return to old cwb and awb days. Was a race to the bottom in big years each single desk nation just undercutting each other to make sales detriment to farmers.

But those days long gone.

Guys here that sold over 70% of wheat and barley back in March before it was planted could well be $75 bucks above the market

Balls of steel

PS I didn’t got sales on not far from top but 20% of expected p reduction.