Grain prices
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Started by metmike - Nov. 3, 2021, 11:14 a.m.

@kannbwx

Nov 1: CBOT Dec #wheat surges 3.2% to $7.97-1/4 per bushel, a 9yr high for the date, after topping $8 earlier in the session (contract high). Futures also setting contract highs Monday include: K.C. wheat Minneapolis wheat Paris milling wheat Paris rapeseed ICE canola ICE cotton

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By metmike - Nov. 3, 2021, 11:14 a.m.
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@kannbwx

CBOT Nov #soybeans are at a six-year low for the date versus Dec #corn (2022 contracts). That ratio ended at 2.23 on Monday. Other years of interest are compared. Ratio was high last year and in 2016 (favoring soybeans). But much more corn-favoring in 2008, 2011 & 2012.

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By cfdr - Nov. 3, 2021, 11:47 a.m.
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That spread was an easy one to see with very low risk.  You need to look at input prices for corn vs. beans.  The market needs to compensate for that - it's the job of the marketplace to do that, of course.

By metmike - Nov. 3, 2021, 12:28 p.m.
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Right cfdr!

Here's Why Input Supply Concerns Could Be Bigger Than Price in the 2022 Acreage Debate

           https://www.agweb.com/news/crops/crop-production/heres-why-input-supply-concerns-could-be-bigger-price-2022-acreage                           

      



By metmike - Nov. 3, 2021, 12:28 p.m.
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