Grain markets continue up

[shortbox]

Best decision made, you will be very happy you did in 2-3 weeks.

Those that are still holding for the first sale may be happy to sell at $12, heck way less income tax that way...….

You sound like a jealous farmer that sold out too soon

[Sodbuster]

Best decision made, you will be very happy you did in 2-3 weeks.

Those that are still holding for the first sale may be happy to sell at $12, heck way less income tax that way...….

You might be happier in two weeks but I doubt very much that the highs are in for the year, this is just a pull back for now, by June the crushers will be running on fumes.

[Rareearth]

It will be really interesting and telling when the grain exporters and crushers start to pull contracted grain in early.

[burnt]

It will be really interesting and telling when the grain exporters and crushers start to pull contracted grain in early.

Happening already. Our contract is for March delivery and they called for the beans to be delivered in about 10 days.

I'm not complaining - the terms remain the same.

[Guest]

they were doing it here in october, nov, dec

[macdon02]

We hit a hiccup. To be resumed

[malleefarmer]

Rainfall outlooks have become favorable for struggling Russian farmers, with a higher percent of normal forecast for the next 14 days. If this moisture eventuates then we may see some opti- mism return for Russian wheat production. This could have a det- rimental effect on US wheat futures which in turn affects our lo- cal pricing. A lot still needs to go right for Russian growers, as it may still not be enough to significantly boost their production estimates for the 21/22 season. Large areas of the US are turn- ing dry as well, with key winter wheat areas such as Kansas not likely to see much meaningful moisture in the next 14 days.
Prolonged dryness for much of 2020 has put question marks on Brazil’s production potential for the 21/22 season. The outlook for Brazil is not improving and there are some concerns about their potential soybean and corn crops. They are a major exporter of both of these commodities and compete directly with the US. They will need around 2 inches a week at this stage in the year for their outlook to improve and this is looking increasingly un- likely. The map to the right is a drought monitor map that shows the extent of the soil moisture deficits in South America.
Argentina has had drought problems for longer than Brazil and is facing not only production issues but supply chain issues. Much of Argentina's wheat and corn is produced within the vicinity of their main export ports which are located on the Parana river (mostly near the city of Rosario.) The river levels are currently at decade lows and this is causing massive issues for ships enter- ing these ports. They can no longer be filled to capacity simply due to running the risk of getting bogged. Not only that but a se- ries of strikes has crippled their port facilities. The weather map to the left indicates that there may be some rain on the horizon, but this is far from enough. Argentina needs rain and they need it now.

[Richard5]

You sound like a jealous farmer that sold out too soon

No I am around half sold at an avg of $12. Will sell another 10-15 % any day now.

The only reason I made the comment is for those that think they will hit the top with it all. Its pretty much impossible to know that and at $14+, that's great profits. Why not get to a reasonable % that would protect you both on downside and avg up on the other.

[makar]

End of nov pioneer sent me a text i could fill oct barley contracts for 4.50. Problem was spot was 5.25, even me or farma arent that stupid.

[fjlip]

$14.41 , where are we going???