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2011 prices

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    2011 prices

    In the last 10 days prices available for locking in next year standard grade wheat APW with spreads either side for quality wheats. Prices hit a high of $330 but have since settled in a $302 to $310 range. You guys got any such options?

    Second question reading reports which are i guess to be taken with a grain of salt, but are long term forecasters suggesting USA could be heading for a dryer year bullshit or maybe some truth. I know its almost a unknown but had to ask.

    Dont you guys talk about some weather guru over there, ive seen posts occassionally

    #2
    There is only one buyer with no option to lock in prices. We have no worries because the almighty cwb will always give us the best world prices!

    Comment


      #3
      Drew lerner he is on winter break will be back in march with forcasts. In winter we have COLD COLD SNOW SNOW REALLY COLD REALLY REALLY COLD AND BITTER COLD>
      On HRS we have the beloved CWB that will save us all HELP>

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        #4
        what price is your dirt, mallee?

        Comment


          #5
          http://www.gfo.ca/Marketing/DailyCommodityReport/DailyCommodityReportInteractive.aspx

          If you scroll down to the bottom you'll find the prices available in Ontario today mallee. Not sure what price is being offered for 2012 at the moment.

          Comment


            #6
            hedgehog last sale in my area across the raod was $503 per acre
            Our new price today was down $295 per metric tonne
            My costs to grow wheat including machinery fuel,seed,chemicals,insurance frieght $153 per ha thats ha not acre

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              #7
              so whats the bushel price equate to in can dollars per tonne, looked at the link assuming $250 plus

              Comment


                #8
                I use a 60 pound per bushel weight or a conversion of 36.74. The $8.45/bu spring wheat prices Dalek refers to would equate to about Cdn $310/tonne.

                Comment


                  #9
                  will answer here rather than elsewhere but the CWB basis price contract (futures only)
                  equates to $8.48/bu yesterday ($310) at port. Basis will not be known until February but
                  likely in the zero to 25 cents ($10/tonne) over range. A western Canadian farmer could
                  likely (not 100 % guaranteed) lock in a new crop 1 Canada western red spring wheat 13.5
                  protein of just over $7/bu or Cdn $260/tonne (assuming deductions to port of about
                  $1.50/bu or about $55/tonne.

                  Comment


                    #10
                    And in North Dakota farmers are locking in 7.38 to 7.58USD for September delivery and no percentage calls.

                    But we are making that imaginary premium, right?

                    Comment

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