10-14-2013 05:42 PM - edited 10-14-2013 05:43 PM
Apparently, as noted previously, Russia has had heavy rainfall, reducing winter wheat planting. Traded in Stockholm, the Black Earth farm (75,000 ac) is now struggling with harvesting corn and beets and given up on planting any more wheat, though the wheat planted up until the rains is doing well. Wheat ground not planted this fall is scheduled for sunflowers and corn next spring according to a Black Earth spokesman.
10-15-2013 10:02 AM
Russia sounds desperate with all these "rumors". Scary, says they hve wheat to move.
Maybe down 1$ more,then give in.
75k acres is of world plantings. ...... or about
10-15-2013 10:13 AM
Palouser. Not sure how familiar you are regarding Russian wheat. It isn't grown in one tight area, but spreads out to a fair degree. More east than west. Thus when VT's apple blossoms get frost singed, in early May, Virgina's is ok.
Annually some wheat region of the world has drougt or too much precip or or problem. That is why the mkt compels producers to
plant a lot. And why we grow large cops yr in yr out.