yellow belly
Member
- Location
- south west lincolnshire
Only if farmers sell /give it awayEvery USDA wasde until next May - "keep calm, nothing to see here".
China will own all the world's wheat stock by next year.
Only if farmers sell /give it awayEvery USDA wasde until next May - "keep calm, nothing to see here".
China will own all the world's wheat stock by next year.
£95 under the October / November peak.Got offered £260 for wheat yesterday for harvest movement North Yorkshire. Seems a bit low to me.
Won't the turkeys eat it all though faced with all that wheat?Turkey controls the Bosphorus as per the Montreux convention. Fascinating history and a key part of Turkey’s global influence.
They won't at Christmas.Won't the turkeys eat it all though faced with all that wheat?
They have though£95 under the October / November peak.
But the fundamentals have barely changed…
It’s going by ship and Russia is selling itMight be a bit of a problem as Ukraine's rail tracks width is 4ft 11inches wide & Turkey's 4ft 8 inches so there will be an awful lot of unloading & loading again of grain I would imagine.
With Turkey taking a cut no doubt!It’s going by ship and Russia is selling it
I think they are buying it don’t know what they are doing with it. There’s ships been tracked to the Black Sea turned tracker off loaded up then away to offloadWith Turkey taking a cut no doubt!
If somebody wanted to know it wouldn't be hard to track a bulk carrier at 12/15 knotsI think they are buying it don’t know what they are doing with it. There’s ships been tracked to the Black Sea turned tracker off loaded up then away to offload
I watched it on the bbc they have it on satellite as well as tracker I suppose it’s petty crime compared to what else is happening over there but relevant to usIf somebody wanted to know it wouldn't be hard to track a bulk carrier at 12/15 knots
Just so you don't have to, I've popped over and taken some pictures in Saskatchewan this afternoon.
Don't buy the "World awash with wheat line"
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View attachment 1046123View attachment 1046124.
Most grain producing areas of central prairies are running as much as month late with seeding, and plenty of waterlogging still evident, quite a bit won't be planted at all,and early frosts at harvest would be very damaging to such late crops.
Not too much optimism evident yet.
Tbf although its wrong russia is stealing grain at least somebody somewhere is getting supplied and will be one less customer later on.I watched it on the bbc they have it on satellite as well as tracker I suppose it’s petty crime compared to what else is happening over there but relevant to us
Well that’s one theory yes.Tbf although its wrong russia is stealing grain at least somebody somewhere is getting supplied and will be one less customer later on.
Harvest pressure but of course the UK wheat harvest isn't in the shedThey have though
At its peak;
India banned exports but then subsequently carried on exporting.
Ukrainian wheat was not accessible at all, but then is in various round about ways but no where near enough to bring prices right down.
We weren’t gonna make it to harvest with out running out, and we have.
Like them over loath them the money men managing big funds drove the wheat market way past where it would have naturally gone. They have lost interest for now due to a lack of fresh bullish news and so have sold out of their positions. Will they be back to drive it up again, possibly, could they over sell it on the downside, more than likely. Was the market over cooked at its peak, probably. They do however give fluidity to a market, they enabled people to sell at prices far above where mills were prepared to pay, so for those that did well done.
The interesting time will be May onwards next year, as tight stcks should be even tighter, will Ukraine exports be sorted by then, maybe, but not like they would have been normally.
Nothing goes up for ever or down forever.
by falling it may tighten the job more as it gives end users an opportunity to buy at levels they can make money at.
C B
fw ha haAccording to the farmers weekly grain prices are falling quite fast, going to be a very interesting autumn!
Wow the farmers weekly are really on the ball.According to the farmers weekly grain prices are falling quite fast, going to be a very interesting autumn!
Let’s hope it’s still funny come the autumn, good news for all livestock producers though.fw ha ha