Cereal grains -where to from here?

[Ache4Acres]

Interesting looking at 20y charts of durum.

[Ache4Acres]

Or spring wheat chart

[Ache4Acres]

Food price crisis of 2008. Maybe we are heading there again. If so it could be a wild next 90 days

[bucket]

Young galen weston sees an opportunity to price fix on bread for another decade.

[foragefarmer]

Young galen weston sees an opportunity to price fix on bread for another decade.

Not defending what Galen did but, do you see anything different than what's, going on right now with fertilizer especially Phos.


Or how fuel prices almost doubling in a year?

Lumber 4x in price in six months

Bucket this has been going on forever!

[Ache4Acres]

Grains are one of the few commodities that are not at or near all time highs. Maybe this inflationary cycle has a lot longer to go

[SASKFARMER]

It's the end of the month and contracts expire Friday. When the Cupboards are bear they have to pay.

Stats Canada and all the experts got caught with over-production and now the truth is finally out. It took three to five years but sooner or later you cant fudge the numbers.

We need better crop scouting in Canada and also sales reporting every day out of the country.

[Guest]

july inverse finally backing off

[Guest]

It's the end of the month and contracts expire Friday. When the Cupboards are bear they have to pay.

Stats Canada and all the experts got caught with over-production and now the truth is finally out. It took three to five years but sooner or later you cant fudge the numbers.

We need better crop scouting in Canada and also sales reporting every day out of the country.

and if it woulda been a townsend bumper , they woulda carried the charade on
and in two years farmers will have forgotten the whole bullshit story
larry is right , WTF is wrong with us ?

[blackpowder]

Starting to price new crop.
All in the percentages right?

[biglentil]

Not pricing any new crop in this inflationary environment. Might feel alot like giving your grain away for free come delivery. Ask the same group whether you can book your 2022 inputs.

[Guest]

Starting to price new crop.
All in the percentages right?

dont do it
wished we hadn't of priced anything
its to *** dry

[blackpowder]

I hear you.
In our area a starting percentage of 40 bpa should be safe. Normally factor a % of 50 this time of year.
Some years 50 sold by June.
Except for 02. Yield zero.
This is far from 02.
Even at that I'll have time to price it out. By spring other regions on stream and $9 wheat could still be high.
Of course, we could be in a super cycle....
Doing all the basis to 40 though.
Again, I'm a unique circumstance and do things in a non traditional fashion. Thanks for the caution reminder though.

[wheatsnowcanola]

02 yielded 7 bu of Hard Red Spring Wheat. Normally 55-75bu. East Central AB. Not gonna dare pre sell grain. Hell still have all last years, ever since the smell of dryness has wafted over the area. Gonna be like Argentina here soon. Sell only when you can turn it into something tangible. Not cash.

[Old Cowzilla]

Wonder how those ( act of God ) contracts would play out if there is a widespread drought. Don't remember any type of contract like that during the 80's. -5 this morn seeding corn today anyway.