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Grain price drop

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    #31
    So large crop in Canada huge crop in oz is counter balancing EU China dryness.
    Sort of grinding higher again but almost reluctantly.

    Basis has turned bad here last 10/12 days

    Comment

      #32
      What just flipped the markets,,, they were all nicely green 20 mins ago, now RED !

      Change in forecast? Something geo-political? Crop tour report?

      Comment

        #33
        Originally posted by beaverdam View Post
        What just flipped the markets,,, they were all nicely green 20 mins ago, now RED !

        Change in forecast? Something geo-political? Crop tour report?
        The big funds play with Trillions $ now… Fundamentals are cannon fodder for a certain amount of time…

        If we wrap up an early harvest… with hot US weather forecast… for August 24 we are weeks ahead of last year now… if no rain… crop will finish fast as will harvest.

        Pea yields disappointing…

        Cheers

        Comment

          #34
          Originally posted by TOM4CWB View Post
          The big funds play with Trillions $ now… Fundamentals are cannon fodder for a certain amount of time…

          If we wrap up an early harvest… with hot US weather forecast… for August 24 we are weeks ahead of last year now… if no rain… crop will finish fast as will harvest.

          Pea yields disappointing…

          Cheers
          Unbelievable how fast the Canola is turning…

          Comment

            #35
            Originally posted by TOM4CWB View Post
            Unbelievable how fast the Canola is turning…

            Our CPS wheat



            Seeded May 19



            Cheers

            Comment

              #36
              Hmmm,
              Now let me get this straight
              The supply chain *** up is driving prices of everything up except for grain ?, strange ??
              Even if it was a huge bumper crop in Canada , which it isn’t , the supply chain has no bearing on grain??
              Especially when every train you see is oil
              Don’t buy this horseshit , fill those bags
              They need this shit everywhere and you cannot grow it for these prices

              Comment

                #37
                It’s the harvest screw job , nothing new 👎

                Comment

                  #38
                  It’s what happens when big farms got big payments and the grains gotta go to keep the wolves from the door. Farmers do it to themselves by buying shit that costs too much and the boys know they can pick the low hanging fruit at fall time….especially.

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                    #39
                    Some areas will run out of bin room. At least that’s what I hear but don’t experience it myself. Wheat yields okay and are what was expected for the fertility. Some guys will have bin busters here I’m sure but lots of average looking wheat. Trying to rub out beardless cwrs with a 9760 Deere which is a challenge.

                    Comment

                      #40
                      Viterra has 2 trains for malt coming.
                      Only 20% full so far..
                      But NO price increase yet?

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