Question out there for Milling people... Mkt seems obsessed with HRW getting additional demand. Yet, its priced uncompetitively. Even now at a very punchy/record premium to to Minnie and HRS/CWRS. Can importers buy HRS and CWRS and blend with some lower pro to make a HRW/Russian substitute? #Wheat
Have a feeling that this is going to be one of those years where the market sees owning KC/Chi at near flat as a gift, only to have to sell it out 40+c under. A lot of water to go under the bridge, but a "normal" HRW crop could lead to a very heavy HRW balance. #wheat
Anybody know how wheat prod costs have changed in Southern Russia/Volga since 2020. not looking for absolute numbers more looking for delta change from pre pandemic to now? #wheat
I'm curious as to how US tariffs on Mexico and Canada are bearish for European wheat futures. #wheat
I am intrigued as to the Kansas continued outperformance here vs CBOT. HRW c/o is going to pretty heavy next year. #wheat
Third week in a row SRW sales outperforming HRW, yet Kansas outperforms CBOT. #wheat
At what price does all the demand that everyone cut from their wheat balances get put back in? #wheat
There seems to be a big dichotomy between the H/K Matif spread and what is happening to Matif flat price and the old/new spread. -1 EUR carry on the H.K doesn't scream sell this mkt into oblivion. #wheat