Fall harvest slowed way down the past couple of days with foggy, cold, and wet weather. Not minding that too much here at Farmers Coop, as we are waiting for a corn train to load next week and still moving wheat out of the way of corn in the elevators.
Millet harvest is all but over. It was the biggest number of bushels taken by Farmers Coop in the past 20 years. Prices reflect the supply. Buyers are not having trouble getting what they need today. Many elevators pulled their bids. We haven’t had to do that yet, but it could happen.
HRW can’t seem to find a bottom as the price continues to grind lower. Below are the World Wheat FOB Prices. That green line on the bottom is the Russian Black Sea wheat. Cheapest in the world and it is what the US is competing with.
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