The fiends in the open market in Albertie are keeping barley prices depressed cousin the feeders r feedin wheat to their beasts. Yup thats the reason feed barley is soooooooooo low right now. Apparently barley pricing followin corn is all BS!!!!!!!!!!!!!! Why would any Comedian farmer sell into the open market. unless they r fearful of the Comedian Tax man bogey?
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On the market side, a bit of a Mexican stand off on barley due to late
crops and a later than normal calf run at least partially related to the
late fall/cow calf producers making decisions about this years
animals (sell or background). Things will happen in due course.
Feedlots will fill given Alberta's cost of gain advantage over most of
North America and the impact of MCOOL on feeder exports to the US.
The barley is indeed an open market whether anyone on the single
desk side believes it or not. This year, Alberta will represent close to
2/3 of western Canadian barley production. This year by the nature
of the animals Alberta has to feed (albeit less than in the past) will
represent 90 % of the sales opportunties for this barley.
To be clear, what is being asked for is to have the CWB step up to the
plate and compete for the business with the domestic industry based
on real prices at port position. Having the CWB sitting in the weeds,
taking profit on feed barley/wheat sales and redistributing it to all
western Canadian farmers is not acceptable.
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A bit of the frustration relates to the current transportation/logistics
issues. Lots of canola moving. Grains at a standstill. Nobody talks
about why there is grain in the system that plugging everything up. Not
having shipping capacity and only limited feed barley/wheat
opportunities for privileged is frustration even if there was price. How
tough can it be to do panamax size vessels out of Prince Rupert and run
unit trains filled with feed wheat there to satisfy this demand? Load unit
train, rail to Prince Rupert, load a boat, return to the elevator, load
another unit train of feed wheat, etc, etc. etc.
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There is more than a bit of frustration out here Charlie. Everyone is pointing fingers but no answers as to where the real problem originated or when things will improve.
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In australia we all had chance to lock in feed barley cash back in august and sept for a high of $295
Sure i missed the top by ten bucks, did 60% of my expected production shame you guys dont have such marketing tools.
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Same old, same old, ho hum, BS, each and every year. Buttt barley follows corn, er does it now, tings appear to have changed. Maybe DDG's have taken up the market, er corn is bein imported from the us. Heard that Viterra has elevators full down South to sell to the cow guys at any given moment, sos they kin feed the beasts. Ain't gonna buy no high priced barley, nope we'll sell the nags first!!!!! What a crock of cr--p.
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