Dry in all of the Northern Hemisphere but the Market only cares about Russia.

[farming101]

Hmmm fine line between production hiccup and potential choke.

As we further delve into the numbers, we can see that the percentage of wheat stocks held by the major export nations are at very low levels.

The percentage held has dropped as overall stocks increase. The question now remains, are those global stock figures accurate?

There are rumours of flood damage to Chinese grain storages, and question makes around their actual stock levels. If either of these is true, it points to a situation which could shift very quickly.

Overall the world has had good production during the past decade. The law of averages says that we are due a production hiccup. There is still a long way until next harvest though, and anything could happen between now and then.

Some times the more ya read the more you read the harder it gets, booger it hav3 a coffee or a beer

More wheat has shipped to China from Canada in the 4 months (May-August 2020) then in the 13 months prior to that. (April 2019 - April 2020)

[bucket]

unless its about a massive crop or carryover

You dont hear the guys around here talking about their big crops they had in july and are are selling for 9.50 because it would have made them money......its more like that 9.50 and the reduced canola crop is a money loser....oh oh.....but wait a second Jimmy Jack Joe we already depreciated grandpa's fortune on that new paint....well do you think grandma has any left in the cookie jar?

all it takes is 5 bpa decline and things don't look so rosy.

[bucket]

More wheat has shipped to China from Canada in the 4 months (May-August 2020) then in the 13 months prior to that. (April 2019 - April 2020)

And we know now instead of back in May to August on wheat that was probably booked in February?????

The fact we don't have sales reporting on simple things like this is just mind numbing to me and highlights the incompetence of Ritz and ROOD ten years back...and to this day it highlights the incompetence of farm groups and conservative MPs.

[newguy]

Had a nice rain last night in south central sask.Far from filling up the dry sub soil but is a start.About 8 months too early to cry drought for the 2021 crop.

[farmaholic]

And we know now instead of back in May to August on wheat that was probably booked in February?????

The fact we don't have sales reporting on simple things like this is just mind numbing to me and highlights the incompetence of Ritz and ROOD ten years back...and to this day it highlights the incompetence of farm groups and conservative MPs.

Ask yourself, how can a GrainCo sell something they don't own? What buyer would sign an unpriced contract, commit to tonnes only? Then ask yourself how that affects your farmgate prices. Put a lid on things at times?

[fjlip]

How many MM newguy? Wicked NW wind under the STUCK jet won't let any moisture north. Seen this MANY times in my career, wet weather S of us. Worst time is like May 2019 and 2020.

[highwayman]

Nice slow rain here of about 15 mm last night. Most significant rain since july 4th!! nothing earth shattering but its a start.

[tweety]

71% of the Agriculture land in Western Canada is abnormally dry. Ok, genius lets do fun with math then so 29% is really wet.

Wouldnt that be news, Nope not in shit hole Canada.

What makes you assume 29% is really wet? Couldn't it also just be normal? Or portions thereof?

[Blaithin]

What makes you assume 29% is really wet? Couldn't it also just be normal? Or portions thereof?

Those are the only options.

Really dry <———————————> Really wet


There’s never anything mid spectrum happening. Just extremes.

[furrowtickler]

Those are the only options.

Really dry <———————————> Really wet


There’s never anything mid spectrum happening. Just extremes.

We are here .... mid spectrum that is
Actually a big area here is . Only the far NW is still or was too wet in this part of the prairies .
We are sitting with average soil moisture conditions. Don’t happen very often but it is what it is .

Will see what happens come mid May ... until then none of us know . But the extreme dryness in a big area of western Canada certainly in concerning at this time . Time will tell