Grain price drop

[WiltonRanch]

The Corn in the US is largely past much weather effect... the soybeans like hot weather... this has sped them up, now with some rain they will fill. The folks in dry areas are hurting no doubt... but few dispute USDA yields very much... has anyone heard what western Canada Canola and wheat production numbers will be?

India 108mmt of wheat production now projected. Price of rice half of US price in Asia. Second highest Soy ending stocks globally the USDA was reported to have said.
Brazil big second crop corn 80mmt+
Nice Ausie crop coming...
EU is short... but being primarily winter crops... mostly yield was made in May/June.
With big Russian wheat and grain crops... the pressure is off for now... looks like...

We are desiccating wheat and peas now... Canola ready to swath next week the heat now will bring harvest on fast... Be Safe!

Blessings and Salutations.

Not long ago India stopped wheat exports but really how much wheat makes it out of there before it spoils or lost in traffic accidents? That was a joke.

[TOM4CWB]

Jet stream next Thursday



Friday weather

Latest US Drought Monitor

[Partners]

1 yr ago today.
Hauling some Malt for $9.58..street price.
Today is $7.51..
What a contrast..

[shtferbrains]

Took a nice tour a couple of weeks ago down through the western corn belt and along the Mississippi river (12 states). It is surprising how hit and miss the crops are. A few miles make a big difference. Lots of areas needing rain. It was very easy to spot stress in soybeans and corn. IMO the good areas will bring up the average, but I sure don't see any records out there. It a little too late.

Sounds like a great trip for a backroads tourist like me.

Must be a lot of cities along the way. Do you go in for the tour or bypass them?

We have done similar along the Snake/Columbia to Portland. Through the Palouse. Enjoyed that.

[Partners]

E mail from local plant.
Price now before it goes lower, back to normal prices are coming.
Holy giant finger to that F@@ker.
Sent him a blast in return..

[jamesb]

Sounds like a great trip for a backroads tourist like me.

Must be a lot of cities along the way. Do you go in for the tour or bypass them?

We have done similar along the Snake/Columbia to Portland. Through the Palouse. Enjoyed that.

Ya the Palouse drive through the hills is great. Side hill combines in action, Walla walla onions etc
On our trips we try to avoid the interstate unless we really need to make time, dont see anything that way. We try to pick routes around the big cities unless there is a reason to go there. Hotels, food and fuel all cheaper in the US than in Canada makes for a cheaper holiday and was nice to get down there after a couple years.

[Landdownunder]

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

[beaverdam]

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

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

[TOM4CWB]

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

[TOM4CWB]

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…

[TOM4CWB]

Unbelievable how fast the Canola is turning…

Our CPS wheat



Seeded May 19



Cheers

[Guest]

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