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Wheat , 101 , others

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    #1

    Wheat , 101 , others

    Did we miss the boat or just more games being played ?
    Tags: None
    #2
    The effects of covid some will be legitimate some will be overstated by those that can control the product and then the price. It will be difficult without clear reporting as to what’s what.

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      #3
      Good exports....China has pulled a repeat on the 1970s great grain robbery from Canada. ...my guess we gave our grain away..

      At least the American farmers know their grain is being sold...and can act
      Last edited by bucket; Nov 1, 2020, 09:20.

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        #4
        30-40 cents vanished off in the last week. Some grain companies make it worthwhile to price wheat for summer.

        Would be interesting to read comments from experts.

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          #5
          Been discussed on here over last two weeks by many that market is getting toppy.

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            #6
            Was this just a flurry of buying before the US election and Covid resurgence due to the uncertainty of both outcomes?
            That and the fact that China’s cupboards were nearly bare and had a very low grain production season, and North American carry over stocks for the most part were overstated the past year ?

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              #7
              You guys got fowards on offer for 21 cash?

              Dec 21 equates to $302 on farm here for standard wheat. Physical.

              Must be something going on, all our tv channels have a guy with orange hair another in sunglasses.

              Saturation point.

              Comment

                #8
                Originally posted by malleefarmer View Post
                You guys got fowards on offer for 21 cash?

                Dec 21 equates to $302 on farm here for standard wheat. Physical.

                Must be something going on, all our tv channels have a guy with orange hair another in sunglasses.

                Saturation point.
                Good point mallee
                Like we need anymore of it on here

                Comment

                  #9
                  There is the possibility of a top that might stand for some weeks. After that who knows.
                  Chicago prices retreated after running up and just through resistance lines going back years.
                  Kansas had room to move higher but failed.
                  Minneapolis completed the pattern forming on the charts and prices turned down.

                  Retracing in the wheat futures now but cash prices have a good chance of staying in the area of Friday's close. Risk off a bit....

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                    #10
                    Seen a reported sale of feed wheat in far SE Sask for $6.25. Probably some greatful happy pigs in Manitoba will get it.

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                      #11
                      has been $5.50 barley, $6.50 feed wheat here, pig barn and others

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                        #12
                        Kansas nearby took another run at it and made a new high today. Not done yet I guess
                        Expect to close the day under 577.5 December

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