SilliamWhale
Member
Up and up it goes. Nearly £155 for Nov. Anyone selling?
Im not yet but ought to start thinking about getting something secured.
Im not yet but ought to start thinking about getting something secured.
Combinables Price Tracker
- Thread starter Jerry
- Start date
- Location
- Lincolnshire
Ive told the merchant he can ring me at £159ex for November, or £154 harvest.
I'd get something booked at that level if you haven't done anything yet. The world is awash with wheat even if the US maize crop will be much smaller. China has millions less pigs to eat it all too.
Chae1
Member
- Location
- Aberdeenshire
I've bought and sold again! £151, sold at £155
Chae1
Member
- Location
- Aberdeenshire
Its got to be worth doing some Nov20 @£156. I'm going to do some next week.
Grain trade bingo anyone?
- Location
- Lincolnshire
China is supposed to hold about half the world wheat stocks. Again, depends if you trust their official government stats. I gave up looking at former eastern Bloc government statistics when I found out how bulls**t they were.
Indeed. Who really knows what stocks the Chinese hold? Not even most Chinese, I think. What condition are those stocks in? They are supposed to beholding well over half the world's maize stocks but these were bought years ago & I hate to think what the mycotoxin levels are like in that now. Is it even fit for bioethanol?? The Chinese are supposed to be holding half the world's wheat stocks too but that will never hit the trade market.
Look at what the key exporters of maize and wheat hold in stock and the picture is very different. In the past, these would have been the main price drivers in the market.
Look at what the key exporters of maize and wheat hold in stock and the picture is very different. In the past, these would have been the main price drivers in the market.
- Location
- Northumberland
Question is, if it falls back to 151, would you dare buy again?
John Slejpner
Member
- Location
- Brick clay near Bedford
Re the unknown Chinese pig situation, American market analysis (WASDE etc) indicates the chinese demand for soya and related products is holding up better than anticipated. Nobody seems to quite know why. It is known that there is a massive ramp up in chicken meat infrastructure underway, but surely it is not in production yet? Same for huge, vertically integrated, better bio-security orientated pork production .
John Slejpner
Member
- Location
- Brick clay near Bedford
Likely to depend somewhat on soyabean prospects? A bullish story in US is starting to get traction- they could yet put a huge hole in their carryover stocks.
Chae1
Member
- Location
- Aberdeenshire
Good question!
I think once it breaks through £150 it will freefall. Probably set another order to buy at £145. Definitely not going to buy again at £151.
- Location
- West Suffolk
What is supporting the price today?
yellow belly
Member
- Location
- south west lincolnshire
Weather
Too wet in some places
Too dry others
Too hot others
Some place both
Was it over sold with profit taking
Consumers and farmers standing back ?
Longer term rises always take breath dip then rise again
In eastern england we are in an unknown yield situation all previous June’s with more than 100mm of rain have given lower yielding crops with low quality this June 140mm so far
We are most likely to have a later start to harvest for feed wheat
If it turns out later a tight early August market will give good spot movement price premium
Too wet in some places
Too dry others
Too hot others
Some place both
Was it over sold with profit taking
Consumers and farmers standing back ?
Longer term rises always take breath dip then rise again
In eastern england we are in an unknown yield situation all previous June’s with more than 100mm of rain have given lower yielding crops with low quality this June 140mm so far
We are most likely to have a later start to harvest for feed wheat
If it turns out later a tight early August market will give good spot movement price premium
- Location
- Darlington
Still dropping then. My balance will stay in the shed if this continues as no-one has got any NC in the shed yet.Oh bullocks
Member
- Location
- Yorkshire
Still not a bad price to have a clear out of your grain store
- Location
- Darlington
I would transfer it to another store and get the main store cleaned I have some NC Sept contracts it could go on, obviously this will only work for me if NC goes up which is anyone's guess at the moment. It's our local chemical supplier's open day tomorrow and I will be picking a few peoples' brains there.
FarmerBruce
Member
- Location
- Yorkshire
They’ll know less than you