No AOG malt contracts

[jamesb]

I hope nobody jumps these malt contracts with no act of God built in. Most malt contracts that I am aware of in North Dakota have AOG. Some of the elevators up here are pushing these no AOG contracts. Its time to get on a level field . The maltsers should be taking the risk themselves or pass it to sombody else. Malt bids have been alot higher in the US with aog.

[charliep]

Just who is offering the contracts and ball park
values.

Also curious on how tight the specifications in the
contract are and from there, how much wiggle room
room there is for malster to reject.

Will leave the conversation on act of god clause
carry on. My point would be it is important that
terms be fair for both parties.

Don't know if it will happen but an idea is to have
tiered contracts with clearly outlined specifications
that can verified by third parties. A super premium
price if the malt barley meets high specifications
and can be identity preserved to the maltster for a
niche market. A street malt program that will meet
the needs of an export customer like China based
on blending in the elevator. An understood price at
the time of signing the contract if the barley is not
selectible and needs to be sold in the feed market.
Agreed quality specifications and ways of
arbitrating disputes would be a part of this system.

[charliep]

Perhaps unknown but maltsters can select to 110 % of
their malt barley needs from farmers in the single desk
system. In the new world, maltsters shouldn't be able
to select more than the malt barley they need and
from there, be held accountable to the specifications
in contracts.

[wd9]

How can you prove it was an Act of God if you can't prove God exists?

[wilagro]

Perhaps it should be an "Act Of The Devil" clause when one gets hailed out or some other disaster hits. Especially so for those who believe in a benevolent God as our protector.

[Wheatking]

Phoned Viterra in NE Sask. $5.04 metcalfe
new crop. No act of god. They did say
though that the contracts will be much
more defined and if it meets the specs in
contract it will be accepted, unlike in
the past where it was open-ended and the
maltster only decided what to accept after
the fact.

What are other's hearing for new crop bids

[Burbert]

New crop bids, old crop bids, notin,
everbody has a wait and see attitude.
Nothing happens at Christmas time, the
holidays are upon us. N o gift giving
from the multis or railroads ta date.
Maybe new years will bring something down
the pipe. Hopefully whatever were hit wit
isn't smelly and sticky. One never nose
though in the open market worlda wonders
ta behold!!!

[TOM4CWB]

Burbert,

"No gift giving
from the multis or railroads ta date."

You expect Christmas Gifts from those you call names all day and slander whenever the notion passes through your fantasy greymatter???

Please do NOT feed the Troll.

[jamesb]

Here is Minot prices

http://www.sunprairiegrain.com/markets.php

Location: MinotBowbellsMohallRyderNiobeNormaLigniteVelva

MALT BARLEY


Cash Price

ROBUST
6.50


CONLIN
6.50


LACEY
6.50


TRADITION
6.50




2012 NC MALT BLY AOG
6.45



Kinda makes the Vitera bid just over $5.00 look poor?

[ColevilleH2S]

Careful with the US Malt pricing. Sometimes prices quoted down there are for 100lbs of barley. Not one bushel.

[ColevilleH2S]

An example;
A spot price in Montana Dec 19th listed as $12.25/ctw works out to $5.88/bus.

[jamesb]

this is for a bu.