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ξΑ: Wheat prices
Gordon Couger wrote in message ... no, because US prices are higher at the moment because you haven't got much wheat to export. You also keep out Ukranian wheat because of phyto-sanitary regulations so do not face competition in your own market. UK export markets were the countries of the North African coast who now buy mainly Ukranian wheat, as indeed are Spain which was one of the UKs major customers last year. We have to compete on the world market with Ukranian wheat which means that our price is so low it looks like we will export up to 200,000 tonnes of feed wheat to the US this year. Talk about taking coal to New Castle. Sell into our wheat feed market? I suppose there is a better feed wheat market some where in the country than around here. But here the only wheat that goes for wheat is junk we can't sell for human consumption. But we don't have any poultry. It is too hot in the summer. Regular temperatures of 110 f or 43 C cause too much death loss. The hottest I ever saw was 122f or 50C I am sure that the poultry industry buys a good deal of wheat for feed and if the price is right hog farmers will too. The prices for the rest of the crop year for feed wheat should be better. Corn prices seem to be good as well. I haven't seen a quote for feed wheat. apparently UK feed wheat is replacing Maize in the diet of hens I have never thought about what the weakening dollar does to you as an exporter. Since the FED had to replace the water cooling system on the money printing machine with liquid nitrogen after thing went to pot over here the have greatly increased the money supply. Most every one I talk to is holding wheat for higher prices and the way corn prices are acting they must be doing the same there as well. I don't know. If you have a half decent crop next year, or have any grain to get rid of, then the price will probably crash through the bottom. -- Jim Webster "The pasture of stupidity is unwholesome to mankind" 'Abd-ar-Rahman b. Muhammad b. Khaldun al-Hadrami' Gordon |
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