Wheat

[flea beetle]

How much more cheap wheat can Russia dump on the market if they have been doing so for several months?
sooner or later they will need to keep some sticks at home to keep their war fed no ?

All one merchandiser keeps telling me is get your wheat sold before June, as that is when Russia’s new crop gets harvested. And by her account, it is supposed to be a huge record crop this year.

The puzzling thing is she keeps phoning every week to see if I will sell, yet tells me it’s going down….not sure how to react to that. My experience says if they are phoning for it, the price is going to go up. But it has been declining up till this little bump we just had.

[agstar77]

Their job is to move volume , price is irrelevant .

[blackpowder]

Haven't checked lately, but basis on wheat has been quite good. They need the volume. They have a home for it. They offset purchases instantly. Futures irrelevant to all that. And yes, the person calling you is paid on performance.
Don't you wish you had sold when they were calling in October?

[furrowtickler]

Haven't checked lately, but basis on wheat has been quite good. They need the volume. They have a home for it. They offset purchases instantly. Futures irrelevant to all that. And yes, the person calling you is paid on performance.
Don't you wish you had sold when they were calling in October?

Yup , huge mistake now so far
had a deal for $9.50 for 90% of it.
Everywhere else outside this area was $9.75 to $10
Decision was made to try to get what others were getting , that extra $.25 , well that all disappeared within a week , now trying to catch a falling knife and dealing with snow . arrrrrrrrr

[furrowtickler]

Yes might do a basis contract and pray futures has a run before August . Silly I know , but is an option possibly

[flea beetle]

Got greedy on the wheat and canola. Sold the barley and oats in fall. Win some and lose some. Reading one guy that figures commodities will rally $1-$1.50 in the next month or two. That would put us close to harvest levels. Fingers crossed.

Yes black powder. If I had a crystal ball, everything would have been gone off the combine this year!

[blackpowder]

Oh brother. And my theory of seasonals begs the question, up from what, to where??
$10 looks impossible now.

[ColevilleH2S]

If anyone supports a US led proxy war with Russia they must be nuts.

The US made Russia invade Ukraine, and in other news the Brooklyn Bridge is for sale

[furrowtickler]

Actually the past 3-4 year’s November been the best price in some cases .
Odd , over the 35 years I have been stumbling through this

[furrowtickler]

The US made Russia invade Ukraine, and in other news the Brooklyn Bridge is for sale

Well the US and the west sat bye and watched for 18 months and did SFA while Russia amassed their army on the border. That’s a fact
Not taking a side here but wtf , yes Putin bad but the entire world sat back and let it happen, meanwhile the Bidens were in there “tits” deep in corruption, and all act surprised that Putin finally said enough? Putin took Crimea during Obama , Zero during Trump and Ukraine with Biden …. Hmmm
is amazing how people totally forgot WTF started this . It was not unprovoked even slightly.
yes Putin bad , but if Mexico pulled the same stunt as Ukraine, the same exact situation would be happening just south of us

yes I know Putin bad , Zelenski good .
not siding with either
they are all to blame for the horrific killing of innocent, no different the Israel and Gaza
itsa a *** show all over