Bins cleaned out with the exception of a little i kept for seed just in case jack shows up, god forbid.
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How much grain will you have left Aug ?
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100% of durum still in the bins and glad we hung on. Some of it was committed to producer cars that are way behind in delivery. Mainly #2-3 grade wise and wasn't willing to give it away. Price has picked up substantially. Great western rail has 2200 outstanding orders for cars and has been getting the shaft from CPR and CN. Canola slated for rail cars is now just being trucked out at the buyers expense. Was supposed to be gone in May/June. Lentils gone and Chickpeas still in the bin. Lots of bags still on the ground in our area. Short line rails have been bent over this year by the big boys.
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Jester,
How are you using paper to price things like peas, lentils, malt barley, feed barley?
Is there a futures of another grain that you feel follows the prices close enough?
I know that I need to get much better st futures and basis contracts than I am. I want to learn more.
Assume that your grain is leaving your farm when basis is at an acceptable level for you.
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