Wheat is

[sw363535]

Wheat is as bad as expected.  Possibly the worst crop I have lived through. --- Area wide hail would have been better.

sw has been in the bulls eye of misfortune weather wise, but this is nuts........ Irrigated wheat struggling to make 30 bu/a  and drylandin the teens...Harvesting behind a sprayer is always a bad sign.

Remind me, is the marketing forum about the crop?  Or is it just the usda and political news media driven casino, which means I am putting this info in the wrong forum.

Or that could be wrong form,  Or just the wrong farm.  Or just wrong.

[elcheapo]

Amen

[northnd]

Couple that with wheat shortfall in Europe(Germany, France, etc) and it is a head scratcher. Several reports of 40% of average in those areas. Talk about a gift to consumers.

[nutlug]

And KC wheat is down 17 cents right now

[sw363535]

Worst wheat harvest I have seen and the elevators know..........we have the best basis I have ever seen.  But the futures markets are broken and manipulated by entities who don't care whether there is a crop or not.   ---The funds,  the traders, the media, and usda... 

This  is also what explains  the change in grain storage construction(possibly)......... 5 years back it was farmers building bins and now it is end users building storage... 

Does that mean neither side trusts the futures pricing process?  

Does that meanThe middle man (Coop) has limited days ahead.

[ftwaps]

Should it be up?

[k-289]

Waiting   for  Sec.  sonny  to   weigh  in   on  this    /????                                                                                                                          / 

[sw363535]

Should it be up?

Wheat..................... if there is no market ...... no.... it should not be up.

But it should not be dropping either.   

Soon there won't even be demand for seed.

[k-289]

Thinking  G  M O  wheat  seed conversation  has  seen  the  final  curtain  -  due  to  economic -pricing  contentions  ?  ? 

[sw363535]

Wheat It’s not worth the investment
The only thing that drove corn gmo was beltway’s ethanol guarantee and it’s trade for campaign donations. Paid for by $300/unit seed.

What do we expect, we watched our friends in the seed business get crucified by the legal teams as usda ignored the brutal crushing monopoly takeover of the seed industry. Unnecessarily they allowed competition to be wiped out for the political kickback from unnecessary profit levels reached without competition.
So why would independent producers fair any better.