Combinables Price Tracker

Brisel

Member
Arable Farmer
Location
Midlands
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.

upload_2019-3-12_17-51-48.png


Source: https://cereals.ahdb.org.uk/markets
 

lloyd

Member
Location
Herefordshire
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.

View attachment 775820

Source: https://cereals.ahdb.org.uk/markets

Just under 38 bushels to the ton of American hard wheat
 

crazy_bull

Member
Livestock Farmer
Location
Huntingdon
Must be some news somewhere then?

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?


Story of a market.PNG
 
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
 
Is it anything to do with this brexit thing?

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.
 

SFI - What % were you taking out of production?

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  • 50-75%

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  • 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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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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