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JonSCKs
Posted 5/21/2016 07:42 (#5312717 - in reply to #5312697)
Subject: Feed wheat.. already below $3.50 in spots.


What's going to happen if this big wheat crop comes in out west?

( http://www.cargillag.com/local-bids.html?location=5868 )

Harvest is still a couple weeks off.. (so a lot can still change) but there are already wheat bids at $3.50 out west..(or less.. lowest was $3.32.  We're at like $3.84'ish)  Cheaper than Corn.. certainly on a cwt basis.. plus the protein.

Are we going to feed a couple hundred million bushels of wheat this year?  Sure looks like it at this point...

What will that do to Corn prices? 



Edited by JonSCKs 5/21/2016 07:52
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