Wheat

[malleefarmer]

Egypt’s GASC tender last night saw them buy four boats of wheat – two Romanian and two Ukrainian, but no Russian. C&F values were in the low $280s per tonne (including GASC costings ) – up about $8/t from their recent buys, and the Russian offers that were in there were in the mid $280s per tonne FOB. Little interest in taking the risk on timing and tax impacts it seems

[Oliver88]

Russia is donating wheat shipments to Syria to decrease the starvation.
Russia might have bigger plans in that area?

[farmaholic]

Local high Px wheat bids strengthening for later delivery. Feb forward.

[malleefarmer]

Secured $277 per tonne on farm for low protien wheat yesterday just a 90t parcel.

Better than a poke in the eye with a blunt stick

[malleefarmer]

Wont bore you with cut and paste
Headline a few hours ago China targets Australian farmers again......wheat now guess we were expecting it

[AlbertaFarmer5]

Since the canola thread has been revived, I decided to look through the wheat thread from the same day.
This was posted on Dec 14 in response to Farmaholic:

Supposedly we are to sell in the top third of prices for the marketing period, so good going!
As of last Friday you are in the 94th percentile!

the chart below plots daily price offerings since August 6, 2020 from lowest to highest

https://www.pdqinfo.ca/ https://www.pdqinfo.ca/

[ATTACH]7216[/ATTACH]

And I thought I would be a comedian and responded with this:

Thanks for thhe chart farming101. I'll bookmark that.
The cynic might point out that this marketing year is only 1/3 through. The 94th percentile today could still end up in the bottom third.
Sorry to rain on Farmaholic's parade.

What would the updated chart look like today?

[Sodbuster]

Wheat still the dog being kicked into the gutter.

[AlbertaFarmer5]

Thanks for thhe chart farming101. I'll bookmark that.
The cynic might point out that this marketing year is only 1/3 through. The 94th percentile today could still end up in the bottom third.
Sorry to rain on Farmaholic's parade.

With the marketing year now over, how does Farmaholic's sale stack up?

Interesting reading the pessimism on wheat so recently.

[farming101]

I don't think Farma said what he got for his wheat sale. He likely outdid the average price by a fair bit.

The week I highlighted wound up being around the 41st percentile by the end of June