Yeah i see graincorp sites for 15/16 wheat contracts up about $10 today with contracts now around the $300 apw multi for local sites. I think most grain growers would be happy and take that price every day of the week but unsure how many would be willing to foward sell much of their expected tonnage this early in the season. Too many have been caught in the past.
Usda report for wheat stocks was still bearish last night and cbot still climbed. Guess they are factoring in current world conditions ie. Too wet or too dry. Would be very interesting to now get something from left field bullish for wheat because imo it could climb much higher.
