Morning Markets....

[furrowtickler]

Are movin up strong. Good to see at harvest.

[wd9]

I could see viterra and cargill more willing to work with a very large account like VIP then the likes of either Allan Oberg or the MB cooperator could ever envision.

[Fransisco]

The main reason they don't want it is because it might work. That would be embarrassing for them. They don't want to be proven wrong yet again.

[GreenValley]

Clean up bin, 41 lb/bus weight barley mix with bad wild oat sold to feed mill for 3.50 wow, should not have spraying lol. Rumor someone said 4.95 with contract.

[charliep]

GreenValley

I assume Manitoba. Haven't seen those feed grain values in Alberta. If anything, under some early harvest presure here. A very interesting 2010/11 (tail end of which is still with us) in the Alberta feed market.

[Hopperbin]

What are others hearing for feed wheat prices? I sold some soft wheat for off the combine at 5.1 per bushel, only have to deliver 1 mile away so instead of making pile on ground. I feel selling myself short, feed ethanol wheat should have some upside potential here.

[GreenValley]

Here in Alberta not in Manitoba. I asked someone and said is for feed barley not malt. huh, sound to me should be malt but feed?? Say maybe offer only good for 1 day. But today market went up so maybe his offer does standing. Feed barley has to be 48 lb or over.

[charliep]

Any indication elevator bid or feedlot/mill?

As indicated before, there is likely some export business to be done in the $290 to $300/range west coast (FOB/loaded boat). Ship loading costs - $15 ish to $20/tonne. Rail to west coast (put in the real number) - $30/tonne. Elevation and cleaning - $20/tonne. CWB costs/miscellaneous - $5/tonne. Total deductions. $75/tonne. Should put $220/tonne in a farmers pocket. $4.80/bu. A sharper pencil might put to $4.95/bu.

[charliep]

For anyone questioning the feed barley price at port, check out this week's posted price in the marketing section of the Western Producer.

[Hopperbin]

anyone got comments of feed wheat prices? Knock knock, I am talking. Helllloooooo. :-)

[cottonpicken]

I'll shoot Hopper.

The downturn that i was looking for has been short
and shallow.

We maybe in an accelerated decline
mode.(inflationary,good for grains)

The greek yields are showing us truth in the bond
market.

The new basket of currencies that are about replace
the usdx as reserve will be backed by also by gold
to the tune of 50%

This is true and being openly discussed at the all
the g levels.

The timeline of 2018 continues to move up.

Cashflow and obligations have to be met,but not
having any long positions is an act of insanity,imho.

[charliep]

Not much to be said.

Still lots of feed wheat around Alberta. The CWB has extended the crop year in many areas to get this product moved. See their year teleconferencs/presentation.

Ukraine, Russia and others blowing feed wheat out the door at cheap values to get product moved/cash flow generated. Black Sea values $225 to $265/tonne FOB.

Don't hear much out of the US but lower protein SRW/HRW will start to displace corn in rations.

Crop quality in western Canada will tell the real tale on western Canada. A good early jump prairies but Alberta needs lots of cooperation from Mother Nature. Having said, cereals turning quickly even here (from my 110 km/hr plus fly bys on the highway).

Optimist going ahead on feed grain prices in general. From your discription, I would be selling at least some to the ethanol plant given what you suggested - close by, no challenges or requirements storage, $5.10/bu, money in my pocket/bank.

Two bits from an economist. Will see what others say.

[Hopperbin]

Thanks for some insight guys. Expecting 60 bushel crop so 5.1 is good profit for me. Did spray for midge and rust so that was quite the expense. By the looks of the rust coming off the wild oats in the canola maybe the rust spraying was justified. Just wish could have hard red spring to sell into higher market but that is hind sight.
By the way things are ripenning up, she should all be number one grain around here. Unsure about oats quality weight.

[cottonpicken]

I may need a Tyler Durden moment.

I mean no disrespect.

You guys have absolutely no clue.

The part of your brain that allows you to rebuild an
engine,handicaps you from extrapolating into the
future on complex economic theories.

Neither is more valuable than the other,re-read
that.

Your kings and you don't even know it.At what time
in history was a man with thousands of acres able
to capitalize and exploit?-The question should be
when where they not?

You are now oligarchies.

[GreenValley]

Ask someone where those 4.95 come from and said don't know who offer. It just rumor. I just called Viterra and ask if heard like that and he wish it come true, lol anyway said right now 4.00/bus in Jan contract not bad for fall harvest.

Also heard there is possible other la nina coming this winter, meaning I feel sorry for Texas and southern States, who may face drought again in 2 years row which I hope they wrong.