Combinables Price Tracker
- Thread starter Jerry
- Start date
fieldfarmer
Member
Dollars or cents?
gone
Member
- Location
- Carlow Ireland
cent
fieldfarmer
Member
Yeah I just looked, between 17 and 23 cents a bushel rise,
gone
Member
- Location
- Carlow Ireland
I doubt it is Dollars! More likely cents/bushel. Bushels are a measure of volume, not weight. You'd have to convert a bushel into kg for standard US Soft Red Milling wheat then factor in the exchange rate.
To be honest, the easier way of seeing it is to watch the LIFFE price - it tracks Chicago very well, though not perfectly.
Source: https://cereals.ahdb.org.uk/markets
To be honest, the easier way of seeing it is to watch the LIFFE price - it tracks Chicago very well, though not perfectly.
Source: https://cereals.ahdb.org.uk/markets
- Location
- West Suffolk
Must be some news somewhere then?
Chae1
Member
- Location
- Aberdeenshire
Is it anything to do with this brexit thing?
lloyd
Member
- Location
- Herefordshire
Just under 38 bushels to the ton of American hard wheat
Sandy
Member
- Location
- Aberdeenshire
Just traders playing with the exchange rate.
- Location
- West Suffolk
Just googled it, the pound has “CRASHED!!” by 2 cents
against the dollar. It’s also “CRASHED!! by 1 cent against the Euro.Ridiculous headlines.
Chae1
Member
- Location
- Aberdeenshire
- Location
- Huntingdon
Been down down down for most of the last 2 weeks so likely a bit over sold, couple with fresh rumours of a renewed China/US trade deal, add in a bit of US farm gate selling drying up and you have a bounce, now if its a bounce off the bottom or a selling opportunity before heading back down who knows.
Where on the graph are we now?
gone
Member
- Location
- Carlow Ireland
USDA report reduced the expected planting of wheat and the condition of planted wheat.
John Slejpner
Member
- Location
- Brick clay near Bedford
I think...guess...looking at LIFFE Nov 19 (wheat)...big down day followed by bigger up day.. that the bottom might be in.
The american ever hopefuls on Agtalk think so, and Brexit is not on their radar but rumours of a trade deal with China (again!!)are very much on the radar.
Anyways, I am a wheat grower so i am long
The american ever hopefuls on Agtalk think so, and Brexit is not on their radar but rumours of a trade deal with China (again!!)are very much on the radar.
Anyways, I am a wheat grower so i am long
Baling Hay
Member
Yes, the Yankees thought that Theresa's deal would be voted through and the US could then export wheat to the UK, plus the world would be put at ease that Brexit is over so everyone would come off their anxiety diet and start eating more food thus increasing demand for wheat.
However, now that the deal has been voted down I would expect a sharp reaction to global wheat values in the morning.