top of page

Europe Financial Woes, Smaller crops

Monday, October 3, 2022 at 3:23:37 p.m. UTC

Top 3 – Things to Watch this week:

1. Macro Financial Picture. Seems like there are some credit problems with some of the European banks. There are some similarities to what happened in 2008 with the banks in the US.

2. Wheat Production in USA was down this year from 1.77 billion bushels  to 1.65. This is not a surprise as winter wheat crop was poor. This gives strength to the wheat market.

3. Canola market has reclaimed the 850 territory. It seems that the trade is figuring out that the canola crop was not as large as expected. Elevators are already offering “premiums”

This week’s Action Item:

A target price of $13 for HRS wheat for 50% of production.  If you a big speculator, then I would not do anything until spring. Wait to see what happens in Europe with their fertilizer situation.

Image-empty-state.png

Sign up Market Flash Text Messages

Market Flash Text Messages is super quick market info in 150 characters or less. 

Only comes out once a week. 

Focus is on things that move the market not prices. 

note:* Market Flash web version is this page. It's designed to keep you thinking.

bottom of page