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Originally posted by TSIPP View PostWasn’t 2009 and 2010 record rain fall events for southern Saskatchewan, both those years were El Niño years.
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Taking off next week, or going in the dump?
P and h was calling beginning of the week offering $11.25 for #1-13.5. Text went out today that they put it up to $11.50.
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Originally posted by flea beetle View PostTaking off next week, or going in the dump?
P and h was calling beginning of the week offering $11.25 for #1-13.5. Text went out today that they put it up to $11.50.
Wheat kept going up while the rest of the markets were melting down due to bank failures and panics. Now the market slowly comes to the realization that the Ukraine conflict isn't going the way the media says it is. Stocks are still very tight. Russia, Ukraine, Australia, Argentina, South Africa are all forecast to have significantly smaller wheat crops.
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i farm in marginal low rainfall country but is quite reliable.
are some of the poor wheat in texas oklahoma etc similar meaning they dont have to deviate to far from average and turns bad quick?
yeah asked similar question a few weeks back.
crop ratings seemed to not raise many suprises yet or to early
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Originally posted by Landdownunder View Posti farm in marginal low rainfall country but is quite reliable.
are some of the poor wheat in texas oklahoma etc similar meaning they dont have to deviate to far from average and turns bad quick?
yeah asked similar question a few weeks back.
crop ratings seemed to not raise many suprises yet or to early
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After all of the drama that occurred this week, here's what happened to my local prices. CPS wheat up 18 cents since last friday, canola down 16 cents. I guess the world didn't end after all.
I'll go out on a limb and say we've seen the Lows for the year, or at the very least it won't spend very much time below those levels.
At some point, the fundamentals of grains will prevail over the fear of an economic meltdown.
Anything, the fundamentals are more bullish now than they were in March of last year when the market was pricing in the worst possible case scenario, which didn't play out fast enough to keep the bullish story going.Last edited by AlbertaFarmer5; Mar 25, 2023, 16:22.
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Dry areas still too dry , eastern wheat is in good shape , Northern Wheat area more snow and could be late .
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Elevators don’t seem to want wheat. Futures rose roughly 75-80 cents/bushel lately, and basis responded in the opposite direction. Same net price, just the elevator makes more when you dump it…
I had the urge to lock the basis a few weeks ago, but chickened out. Coulda/shoulda/woulda.
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