$ 8.00 wheat

[Guest]

Everyone take those stupid $7 wheat targets out and ask yourself how in **** wheat can be $6.50 when feed wheat is $7 and barley is near $6 and oats are $4-$4.50 and canola is $16 and flax is $19 and canary is $15 ........ ? Need I go on
Like I said last spring there would be lots of speculators with their pants around ankles and sore red arses ?
Well $15 canola is hurting their arses
We all knew it wasn’t there the surplus ?
Like someone else said on here there is probably a 1-2 month supply of anything in the world
They’re playing us on wheat still cause it’s the easy one

[Sodbuster]

Wheat is one of the few crops that is harvested in every month of the year somewhere around the globe.

[Sodbuster]

Wheat $8.03 this morning, think we still have a bit more upside left.

[beaverdam]

Spring wheat leading today, up12 cents U.S.D.

[fjlip]

Wheat is one of the few crops that is harvested in every month of the year somewhere around the globe.

I've heard EVERYDAY somewhere wheat is being harvested...

[Oliver88]

Feed wheat above $7 tells me there is a shortage of feed?

What are the Alberta feedlots using barley, wheat or corn?

[malleefarmer]

Far out, you guys exporting wheat at a frantic pace i seethis morning.

Maybe your supplies will be exhausted come july august just in time for harvest.

Bodes well.

Other interesting thing china india hold 61% of reserves of wheat.

India also has shitloads ofvthere own wheat cant follow things at times

[zeefarmer]

Feed wheat above $7 tells me there is a shortage of feed?

What are the Alberta feedlots using barley, wheat or corn?

$5+US/bus corn, $6.50 feed barley or $7.50/bus feed wheat delivered to Lethbridge. All expensive. Don't know how they're staying in the black. Local rancher nearly fell over when I told him what feed barley was. He was looking for more to get through winter, but was going to weigh his options.

[SWFarmer]

Been hearing feed barley as high as $318 / tonne for July delivery to Lethbridge now.

[GDR]

$5+US/bus corn, $6.50 feed barley or $7.50/bus feed wheat delivered to Lethbridge. All expensive. Don't know how they're staying in the black. Local rancher nearly fell over when I told him what feed barley was. He was looking for more to get through winter, but was going to weigh his options.

Who says they are in the black. You can't stop feeding just because of negative margins. As much as I like these prices if we lose feeding capacity it is not coming back and is detrimental to long term grain prices. We all need to be successful because we are integrated.

[mcfarms]

8.30 1 cwrs 13.5 contract picked up overnight.

[bucket]

Who says they are in the black. You can't stop feeding just because of negative margins. As much as I like these prices if we lose feeding capacity it is not coming back and is detrimental to long term grain prices. We all need to be successful because we are integrated.

Serfas feedlot has to be a moneymaker....they grew their own feed on the 50000 acres...and will be buying calves at a reasonable price....past the winter weather....they should have a good start...

[Sodbuster]

8.30 1 cwrs 13.5 contract picked up overnight.

Alberta price?

[AlbertaFarmer5]

Who says they are in the black. You can't stop feeding just because of negative margins. As much as I like these prices if we lose feeding capacity it is not coming back and is detrimental to long term grain prices. We all need to be successful because we are integrated.

I've been told that feedlots lose money almost as often as they make money. As long as it averages out to profit in the long run it all works out. With the tax bill, staff that need to be kept busy, fixed overhead, home grown silage/feed that needs to be used, apparently better off keeping the pens full regardless of cost or loss.

[shtferbrains]

Used to be lots of deferred income tax money trapped going around and around in the feedlots.
Is that still happening?