Trade estimates for Tuesday's USDA Report

[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.

[beaverdam]

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

page #18 has world ending stocks for 19-20 at 300.09MMt
page #19 has world ending stocks for 20-21 at 313.19MMt - Jan est ; 316.50-Dec est

page #18 has Canada ending stocks for 19-20 at 5.50MMt
page #19 has Canada ending stocks for 20-21 at 5.03MMt - Jan est ; 5.53-Dec est

page #18 has Major exporters ending stocks for 19-20 at 32.78MMt
page #19 has Major exporters ending stocks for 20-21 at 36.44MMt -Jan est ; 36.54-Dec est