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JonSCKs
Posted 12/3/2018 10:56 (#7145644 - in reply to #7145450)
Subject: Mill bids..


Okay so USDA puts out a daily summary of Wheat Bids.. one report is the Central Kansas Processors report.. Sometimes it will offer a Protein Scale.. usually this time of the year.. sometimes not.  It hasn't until last week.. it doesn't show the bids.. but there's starting to get enough interest that they can show what the market is doing..

Another report is the Kansas City Wheat Bids.. and it almost always has a protein Scale.. as is normal.. we are seeing Higher Pro Wheat firm as the Mills are starting to run out of squirred away sources.. so.. the Ord's.. Ordinary Protein Wheat.. which I believe Delivery spec's are like 11's.. 11.5's.. ??  So they may blend their Ord's up to delivery and put those out on the street.. WHILE at the same time looking for Protein.. and the Pro Scale for 12's.. 13's improves..

???

So is that what's going on now..???

Maybe..??

per my pic's below.. (easier to just shoot a pic vs try to copy over..) on the KC.. 12's are worth another $0.20 vs 11's.. and 13's are $0.30 more..

The other option is to rail HRS Wheat down but that is still $0.70.. $0.80 higher than HRW Wheat.. etc.

NOBODY is gonna sell wheat this Cheap down here.. especially with the 2019 crop so precarious.. we could have half the crop in 2019 vs 2018 here.  It's not even out of the ground yet.. so.. who cares what they are offering...

not enough yet.



Edited by JonSCKs 12/3/2018 11:02




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