$ 8.00 wheat

[Old Cowzilla]

G3 text $ 7.35 for May so maybe we are heading that way?

[SASKFARMER]

Wheat is the sleeper they want all sold early so like Canola and Peas all gone before the farmers realize its really climbing.

20 USA subsidy an acre helps Americans because it's on all wheat acres.

I seeded 5000 so $100,000.00 USA would sure be a nice check to open. In Canada Actors get paid, foreign countries get billions, dairy and chicken out east get paid. We lose canola get nothing.

So yes a System like the USA has all grain sales known, price of sale and where its going.

[bucket]

Heard of 7.75 for June into G3 Swift Current ...maybe to fill the new elevator and let it settle....

[Old Cowzilla]

So will you guys bother with $8 targets or wait it out and see ?

[bucket]

My low protein 2020 wheat is gone ....sold it at 5.75 to make room for flax....which has rallied 4 bucks a bushel since September. ...

My wheat at best would have only been worth 6.25 today...so I can't and won't complain....

I think there may be a play yet for 7 dollar feed wheat....cough ....because it will still be milling wheat at coast....

95 percent of wheat made top grades this year....they are blending chicken feed and still making minimum specs....

[errolanderson]

Russian wheat exports have now been lowered from 40.8 million to 36.3 million MT largely due to the incoming February $30/MT gov't export tax pressured by Putin to battle domestic food inflation.

This is bullish wheat (IMO) . . . .

[SASKFARMER]

Errol Canada always throws wheat with Durum.

A lot of durum was seeded in 2020.

Maybe the wheat crop wasn't as big as they say in Canada. Similar to the Canola lie.

Nah the experts are correct all the time.

Also, Errol why cant Canada have all sales showed and price and destination.

Why couldn't gov force companies to do that instead we have the cone of silence.

[furrowtickler]

Hopefully your right Errol
Wheat has languished for a long time while most everything else has been brought back from artificial low prices .

[agstar77]

8.00 and a 1 million combine or air drill still does not compute.

[SASKFARMER]

sprayer and tractor and air drill and combines. All so close to the million-dollar club each. We still get paid in 1928 prices. Wheat would be 27 with inflation factored in. Bread would be up, what .50 cents a loaf.

Its a joke. the whole of ag.

[Partners]

We are delivering the last of our synergy malt.
Even with the shitty malt price,with our last yr yields we need $9.36 for our wht to be the same return as malt.

[jazz]

8.00 and a 1 million combine or air drill still does not compute.

What are you guys buying? A $100k drill and a slightly used $200k combine will do the same job as any newer equipment.

Maybe thats the real problem in ag, not the wheat prices.