Yes we should have sold some wheat last xmas .
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- Thread starter Jerry
- Start date
Yes we should have sold some wheat last xmas .
- Location
- Shropshire
Aussie cricket thing
They did say there had been gains of about £8 this week. Sell some or not?
- Location
- Lincolnshire
No point in storing wheat. Worth carrying the barley.
Baling Hay
Member
Those barley prices are a screaming sell!
What do you think about the wheat prices
Baling Hay
Member
Still strong prices basis, however, with this US weather story we could see further upside from here. All I know is that the barley vs. wheat price makes the barley look a good price......especially given what has happened to barley this year!
- Location
- Darlington
That would depend on how much cover I had. I have 1.5t/ acre sold at what now seems good money, so I'm going to sit a bit.
I think selling forward in May/Jun at a low point in the price cycle, on the basis that it looks an OK price, crops look full of promise, and convincing yourself "if that is my worst sale, I'll be a happy man", almost always leads to bitter tears the day you load it out in November. Exactly what happened last year.
IME.
IME.
Last edited:
- Location
- Cirencester
Was offered £145 WW off the combine a week or two ago, didnt interest me, especially as a good friend has sold a bit away at 145 a few months ago. Am sitting tight, see what the weather does.
- Location
- Darlington
As I said to my grain merchant earlier today. Historically this time of year prices are low. I hope this year is the same.
Chae1
Member
- Location
- Aberdeenshire
Hope there feckin maize never gets planted.
Stop them sending it here keeping barley prices down
John Slejpner
Member
- Location
- Brick clay near Bedford
https://talk.newagtalk.com/forums/thread-view.asp?tid=854134&mid=7499639#M7499639
Scroll down the above thread to where GFS and EURO weather models are side by side (both 10 day - the numbers are cumulative inches of rain)
Personally i would not sell here / now.
And then i probably wouldn't sell because there will be issues with poor germination etc (which REALLY matters in corn as you well know)
Out of time to replant.
Then the USDA will run projected yield way above that growers think possible in the circumstances, and wont curb those 'trend-line' estimates much till september when they can count and measure cobs/acre
And then there will be "early freeze" scares.
Wheat has just closed in Chicago well up on the day (corn and soya less so)
Congress is suddenly talking about a $20 billion emergency farm relief scheme
I have been watching USA planting progress for the best part of 20 years, just by following AgTalk.
Many years there appear to be serious issues. Every difficult year, 100% or to a very large extent, USA farmers pull success from the jaws of defeat.
In 2013 Iowa farmers plated 70% of their corn in this exact week - that is how much planter capacity they have.
But this year is different -there is a potential disaster situation unfolding day by day.
By monday some major forecast rain will or will not have fallen on Iowa Illinois Indiana.
Monday Chicago i would expect to be interesting.
I'm going to contradict CrazyBull above - USA will plant loads of soya if they can because they can be planted later, are cheaper to grow than corn, a lot of ground destined for corn was supposed to have NH3 knifed in ages ago and that hasn't happened either. soya is a good entry for corn next year, on hope of a trade deal. But mostly because it will get too late to plant corn.
Bearish for OSR going forward??
- Location
- Darlington
Merchants seem very keen to get some bought, call me a cynic but....
SilliamWhale
Member
Yep. We can only profit from someone elses misfortune
Bossfarmer
Member
- Location
- between Perth and Inverness
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
- Location
- Darlington
Look peoples,,,It`s very simple.I have not sold any forward so the price will definately go down. Unless you all want me to sell some forward to guarentee a price rise
please do.Look peoples,,,It`s very simple.I have not sold any forward so the price will definately go down. Unless you all want me to sell some forward to guarentee a price rise
- Location
- Lincolnshire
I've sold very little. When you farm land like this, and dust was rising while ploughing in January, and there has been chuff all rain since, you do get the feeling that the potential for bad things is high.