Wheat prices jump

[glasshouse]

Today
Up £7

 

[Wombat]

Be down £8 tomorrow, usda will find another 30 million tonnes in a office drawer

 

[Flatlander]

Grain traders massaging the figures so they can dump the cheap grain they bought at a higher price before buying it back when the usda report paints a bleak outlook. Up here today also so some will be grabbing it while others still hold out for their magic number that won’t appear.

 

[SilliamWhale]

Pound has dropped too

 

[fieldfarmer]

Pound has dropped too

Paris and Chicago up too so not just off the back of currency.

 

[onthehoof]

usda report paints a bleak outlook

bleak as in good conditions or bad??

 

[MF CI]

Doesn't it always go up at this time of year?

 

[Cvx1170]

It will get to £1000/ton, as I said before

 

[essex man]

It's responding to russian wheat area dryness?
Their exports are the key market swinger.
Traders watch russian weather, rainfall, satellite crop imagery closely.

 

[Devil's advocate]

It will get to £1000/ton, as I said before

Yes you are correct, in 20 years time perhaps.

 

[farmerm]

It will get to £1000/ton, as I said before

in our lifetime?

 

[slackjawedyokel]

Bloody hope not. You know they would just nationalise farmland.

 

[MrNoo]

It will get to £1000/ton, as I said before

Yes and Fert will be £1500/t, a new tractor will be north of £250k, we'll be the last in line for any profit after the supply mob take their fixed percentage out of us!!

 

[Bossfarmer]

though there was a huge US maize crop weighing on prices?

 

[Henarar]

Today
Up £7

£300/ton ?

 

[tullah]

Grainman never very sharp and state down £3.50 today as at 3.35 pm.

 

[Flatlander]

Up again here this morning cereals and oilseeds.

 

[Flatlander]

bleak as in good conditions or bad??

Bad for prices. The states had a good size crop in 23 and are seeding now which is a little on the earlier side.

 

[Nitrams]

Grain traders massaging the figures so they can dump the cheap grain they bought at a higher price before buying it back when the usda report paints a bleak outlook. Up here today also so some will be grabbing it while others still hold out for their magic number that won’t appear.

Pretty sure its not the traders that release the data, they just sing from the hymn sheet provided