Combinables Price Tracker

I suggest more useful than listening to farmers is reading the USDA state reports. I suspect many on here will say what doe they know, I want to hear it from farmers, same as many slate the AHDB here in UK, but the USDA staff will be more dispassionate about the effects of a dry / wet whatever period and will reference to previous events. Hey ho.

Even more useful than farmers or USDA at the moment is watching relevant weather and weather forecasts.

The USDA by the way have a modus operandi for everything they do which protects them from accusations of market manipulation.
Hence they use acres / trendline yield only at the moment.
This presents opportunity on occasion. (Now i would argue)

Regardless, CBOT corn has marched without pause from 3.36 a bushel to its current 4.05 over the last week or so.
4.05 is heavy resistance point.
Expect a pause pullback unless tonights planting progress figures are a surprise to the downside.
They are more likely to surprise to the upside as farmers are losing patience and going if at all possible.

So the big news tonight is acres planted.
The real news is state of those planted acres and weather going forward.
Forecast continues to be awful.
 
how big an effect will a delayed/no planting of corn but planting of soya instead have on world wheat prices though? Russia and ukraine are the main producers and conditions are described as favourable and very favourable out there just now, europe too

Ask a Humberside wheat grower what feedstock the local ethanol plants are using at the moment and what effect this choice between wheat and maize has on their ex farm wheat price
 

turbo

Member
Arable Farmer
Location
lincs
Even more useful than farmers or USDA at the moment is watching relevant weather and weather forecasts.

The USDA by the way have a modus operandi for everything they do which protects them from accusations of market manipulation.
Hence they use acres / trendline yield only at the moment.
This presents opportunity on occasion. (Now i would argue)

Regardless, CBOT corn has marched without pause from 3.36 a bushel to its current 4.05 over the last week or so.
4.05 is heavy resistance point.
Expect a pause pullback unless tonights planting progress figures are a surprise to the downside.
They are more likely to surprise to the upside as farmers are losing patience and going if at all possible.

So the big news tonight is acres planted.
The real news is state of those planted acres and weather going forward.
Forecast continues to be awful.
Just read on Twitter that Kansas is expecting 11 inches of rain in the next few days!
 
isnt the hull plant closed?, the teesside one is running but using a high % of imported maize that came in before they reopened im led to believe.

I'm sure you are right - they don't immediately effect me so i don't keep up.
The point i was making was that if maize is cheap enough relative to feed wheat, then it does effect feed wheat price. Regardless of what Russian wheat is doing.
 

Brisel

Member
Arable Farmer
Location
Midlands
There was dodgy weather in USA last year too,but they still managed to snatch 70% of the corn drilling in just one week. They are set up for narrow drilling windows.
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 77 43.5%
  • Up to 25%

    Votes: 62 35.0%
  • 25-50%

    Votes: 28 15.8%
  • 50-75%

    Votes: 3 1.7%
  • 75-100%

    Votes: 3 1.7%
  • 100% I’ve had enough of farming!

    Votes: 4 2.3%

Red Tractor drops launch of green farming scheme amid anger from farmers

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  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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