Trade estimates for Tuesday's USDA Report

[furrowtickler]

Great day up. Any chance of a pullback tomorrow or are we up up and away!

That’s the million $ question

[Bowerpower]

That’s the million $ question

Well I sold half my crop way too early. Might as well gamble the other half.

[beaverdam]

Full Report;

https://www.usda.gov/oce/commodity/wasde/wasde0121.pdf https://www.usda.gov/oce/commodity/wasde/wasde0121.pdf

Table of Contents, page #7

[jazz]

Anyone with the balls to hang on could be ready to ride a wave. Pandemic, trillions in stimulus, food inflation and a drought to boot?

[Old Cowzilla]

When will the market have to buy their wheat acres ?

[beaverdam]

When will the market have to buy their wheat acres ?

If you look at the report, it suggest higher ending stocks,,,, so... not sure they'll have to bid it up much.

[jazz]

If you look at the report, it suggest higher ending stocks,,,, so... not sure they'll have to bid it up much.

How does a 19% reduction in production translate to higher stocks?

[malleefarmer]

Yep higher world wheat stocks from what i read as well.

Only furphy i could see in wheat numbers australia is pegged to low but the dont need to know that.

From reading Agriville i thought alot of you guys swing to more canola more barley at expense of wheat.

I take Agriville as gospel truth and a good cross section of whats going on with crop acres in western canada.

Maybe im delusional.

[furrowtickler]

Yep higher world wheat stocks from what i read as well.

Only furphy i could see in wheat numbers australia is pegged to low but the dont need to know that.

From reading Agriville i thought alot of you guys swing to more canola more barley at expense of wheat.

I take Agriville as gospel truth and a good cross section of whats going on with crop acres in western canada.

Maybe im delusional.

Nope , your bang on .. at this point in time

[furrowtickler]

How does a 19% reduction in production translate to higher stocks?

Wheat yields for the most part were generally fairly high in most areas . And this year majority was good quality compared to the previous 2 years .. it is what it is .
Wheat is and will be the last leg to move , and way behind most . As being proven in most Canadian markets anyway

[Old Cowzilla]

I think in Manitoba wheat will get pushed farther down the list every week replaced by all oilseeds and corn, oats and barley.

[malleefarmer]

Re read it jazz is correct.

Apologies.