Omg..... that's a bloody awful price is that oc or nc
Spot May19 ex farm.
Omg..... that's a bloody awful price is that oc or nc
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.
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
Just read on Twitter that Kansas is expecting 11 inches of rain in the next few days!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.
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.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
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.
Just read on Twitter that Kansas is expecting 11 inches of rain in the next few days!
Don't tell them or they'll all be growing 12t/ha wheat crops.what they need is triton drills.....?!!
Wheat up to 150 for November, sell or stick it out a while longer?
I cant get that yet. Was offered £143 for Nov yesterday. Put it this way if you had good crops and sold all your wheat for £150 how satisifed would you be? I think on balance I would be