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Buxton ND | The #'s below are what they are, this is not USDA #'s just traders/firms pre-report guess.
The 45 trading days coming into Nov 1st I would could call this the WW seeding time frame the "planting carrot" or just working into the deer hunting rally. This is the first year in MANY I've not sold the deer hunting rally.....
Average price on Nov 1st Z- Dec futures.
Hard WW - $4.14
Soft WW - $ 4.05
Toss in the worst basis levels in years, which ended in 3 letters we have not seen in years, LDP
This plus beans rallying .91 using ZSF by Nov 1st
So producers probably wanna jump off the hood of the tractor, grab the carrot and PLANT IT firmly up the backsides of Mr Market/Mr Basis/Mr LDP
Personally I think those guess's are smoking weed, tho even if your smoken weed does not mean your not quietly wheat some wheat on the side..... But really those guess's of only 5% less total WW seeded,,,,, IS JUST WHAT WE WANT.............................
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Winter Wheat Plantings
