Austrlian harvest is still a nightmare.
But on positive side up to 20 new segregations for wheat,barley canola lentils and beans have opened.
Would suggest 8 to 10 of them for wheat and barley and another round of different pools opened by different comapnies to accomodate these changes.
Most thought the big bad traders would be unsrupulous and taking growers to the cleaners, seems its not the case.
The price setters most days have been cargills and ldreyfus and awb
A long held beleif is that there would be helter skleter when the first bad harvest comes along under full deregulation. "Single desk offers a buyer of last resort and will take all grain, under deregualtion there is no such guarantee" well that turned out to be crock load of shit. Even the most adament single desk suppoters are saying "wow" weve never had so many choices for offgrade grain.It used to all get lumped into lowest grade parcel, now buyer have varying degrees of poor quality trying to get the most possible for the off grades rather than a "poor average" and monopoly marketers off loading it for whatever they could get in a fire sale.
Alas for some growers there grain is so poor it meets no recieval standards.
Myself still huge yeilds 60 bushels of wheat but feed 1 wheat 70% gp1 wheat 30% but have come close to going up a grade only missing by a little have to get below 5% shot grain and ive had plenty at 5 just have to jag a few loads under it and its worth a extra $120 per tonne to me.
But on positive side up to 20 new segregations for wheat,barley canola lentils and beans have opened.
Would suggest 8 to 10 of them for wheat and barley and another round of different pools opened by different comapnies to accomodate these changes.
Most thought the big bad traders would be unsrupulous and taking growers to the cleaners, seems its not the case.
The price setters most days have been cargills and ldreyfus and awb
A long held beleif is that there would be helter skleter when the first bad harvest comes along under full deregulation. "Single desk offers a buyer of last resort and will take all grain, under deregualtion there is no such guarantee" well that turned out to be crock load of shit. Even the most adament single desk suppoters are saying "wow" weve never had so many choices for offgrade grain.It used to all get lumped into lowest grade parcel, now buyer have varying degrees of poor quality trying to get the most possible for the off grades rather than a "poor average" and monopoly marketers off loading it for whatever they could get in a fire sale.
Alas for some growers there grain is so poor it meets no recieval standards.
Myself still huge yeilds 60 bushels of wheat but feed 1 wheat 70% gp1 wheat 30% but have come close to going up a grade only missing by a little have to get below 5% shot grain and ive had plenty at 5 just have to jag a few loads under it and its worth a extra $120 per tonne to me.
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