LOCALLY rain seems to be the common theme across the state with some parts just starting to dry out enough that ground rigs can manage to get back into paddocks and catch up on some pressing tasks, although the forecast of anywhere from 30 to 50 millimetres will halt any progress by midweek if they are correct.
If there is one winner from the current wet run the aviation business seems to be in hot demand with fixed wing and helicopters both circling in the skies in the central west.
It appears to be a different story in the US where the attention is squarely on the fall crops as they hit the finish line.
Temperatures through the US heat up and overnight lows are expected to fall above 70 degrees Fahrenheit and daily highs just shy of touching 100 degrees Fahrenheit.
Some sources suggest that corn generally doesn’t like night lows above 70 degrees Fahrenheit, while beans are not a fan of anything much above 85 degrees Fahrenheit.
Last week the Egyptian central buying agency (GASC) tendered and bought 180,000 tonnes of wheat all of Black Sea origin.
With additional production being pencilled in for the Black Sea region this year the recent free-on-board values of about $US165 a tonne are a long way below current domestic parities and sets up an interesting tussle between the grower and the exporter with the likelihood of a significant export program for 2017 in store.
Grain markets continue to be a one way street at present with the US Department of Agriculture (USDA) not throwing up a lot to keep the candle burning.
The bulls in the wheat market will continue
struggling to find headlines that will help their cause without some type of
significant production or weather complication in one of the world’s top wheat producers.
It may take until early 2017 when the northern hemisphere is emerging from dormancy and the state of next year’s crop is known.
But then again, the grain market always finds a reason to provide opportunities along the way.