Jolt in new season grain markets

[Landdownunder]

nov dec 23 prices bolted today

Wheat up $80 per tonne, approaching $400 per tonne
Feed Barley up $120 per tonne
I kid you not.

Called free market.

[makar]

Not a peep here.

[Landdownunder]

obviously trader has done a deal sure they make there $30 so be it.

[makar]

. hrs 13.5 sexsmith ab

[makar]

Haven't been able to sell a bushel of 2022 wheat.

[Landdownunder]

23/24 PaD
APWMG +80 370
Basis (+146.9c) -73.08c
BAR1MG +120 310
CAN = 700
CAN GM = 650

[makar]

Something is up?

[furrowtickler]

War escalation , Ukraine and Argentine wheat production expected down 50%
Drought in mid west US .

[furrowtickler]

[furrowtickler]

Also the vast majority of western Canada soil moisture still extremely low ….


Yes it’s mid winter, but the fact remains there is near zero soil moisture for 2-3 ft in many areas .
Will need huge recharge to even get an average crop .

[flea beetle]

Also the vast majority of western Canada soil moisture still extremely low ….


Yes it’s mid winter, but the fact remains there is near zero soil moisture for 2-3 ft in many areas .
Will need huge recharge to even get an average crop .

Figures that we are in the dark red zone.

[Guest]

But but but , I read bumper crop guaranteed in 23 ?

[Old Cowzilla]

Dry Jan and normal Feb would mean we will be relying on March storms and April rains from now on. But yes bumper crop already on the books ( sunny ways ) You can drive across a lot of our fields now.

[fcr]

Had a call today , new crop peas 10.25. They basically said we should be excited about this price.Pea acres will be down due to disease in our area big time.Said call me in the fall.

[RD414]

China said your off probation, welcome back?