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Buxton ND | Here's wheat troubles, its pretty much the same trouble we've been having for over a year, exports are poor. What makes this worse now is the rumble has lost 48% of its value since June 30-2014 From those that think the strength of the US Dollar vs. weak other currencies is no big deal, try raising wheat.
Couple of tweets, posted this 2 days ago if you missed it.
"Price offer for GASC tender hitting new lows for marketing year. #Wheat"
"GASC / best FOB offers today 1-10 Oct: Venus 55K Ukr @ 177.95 Nikolayev; Glencore 55K Ru @ 181.98 Taman; El-Wehda 60K Ru @ 182.72 Novo"
That 177.95 is $4.69 per bushel I believe this is a port price to be loaded on a ship but not sure ? ? ?
We're nearing the time of Kansas Jon's planting carrot rally, at current pricing can't see anyone getting to excited about wheat except,,, to graze it... Lots of the soft wheat guys had Vom/discount trouble leaving a sore taste in their mouths.
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sudden drop in wheat basis ?
