Opportunity?

[wmoebis]

If they need canola, what is their elevator full of? Why would they order cars for something they don't have in store?
Can't imagine the elevator is sitting there empty.

[SASKFARMER3]

Tell them its 10 and they pick up or nothing.
They screwed us all last winter it wasn't just the railways.
Plus the invisible bumper from 2013.

[Hopalong]

Have heard of cases and also had it happen to us where we held out for higher price and eventually sold for lower prices, sometimes with spoilage loss.
Making a buyer meet your price only works sometimes.

[Braveheart]

So is this special people are referring to actually a strengthened basis? How else do elevator companies encourage delivery? What other signal would they use? Stop lights? Word of mouth? Permit books with quotas that close in a day?

Farmers that happened to do futures first might do do well when these opportunities arise. Some might need cash flow or bin space and here's an opportunity that is paying them to deliver.

[charliep]

Just curious the price or better yet, the basis they offered you. Strange how this conversation has occurred without anyone asking about price.

My starting point to making this decision. I guess also the question about what sales you need to make this fall to meet cash flow/bin space challenges and the other crops you have available to sell. A final comment what other marketing tools are you willing to use to participate in any rallies that may occur in futures.

[oneoff]

Keep loking at the small ME ME ME picture.

Is that all that will ever matter.

[charliep]

If $8.46 is the price ($375/tonne), the basis is about $20 under. Wouldn't get me overly excited.

[oneoff]

Sure we can all remember the exact bins that spoiled twenty years ago.

The real serious profit money that never seems to materialize often; never comes year after year hoping to just break even, or dealing with producing at a net loss.

Just because you think it is out of your control (or maybe actually largely is) doesn't mean we all shouldn't be actively trying to rectify that core problem.

[farmaholic]

This would be a blanket text to more than just me. Obviously no mention of price in it and obviously they will pay as little as possible to get it.

Any questions, phone them. The number is in the text. Ask them why they're caught short and what the price is. I think what most producers want and what they're willing to pay will be too far apart.

[farmaholic]

Heaven forbid someone is short cashflow and "needs" to help them out. I hope someone lucky enough to need extra bin space can find an alternative to "giving away" their excess production.

I have bin extra bin space this year, a shock to me but Mother Nature took allot this year.

Were they counting our chickens before they hatched and expecting more up the driveway than we "had" to "give" them?

How much worse can it get?

[charliep]

Likely a strange question but would it hurt to have a conversation with the buyer if you in fact do want to move some canola this fall. Nothing wrong with having a firm price in mind but having the buyer aware of your pricing ideas isn't bad either. You don't have to end the conversation with GPO but rather you are in the market to sell if targets are met.

oneoff - Is having a neighbor make a sale a bad thing? They are doing it for own business reasons. I will be called selfish but that is likely a good thing for me next winter. Their canola is gone (crushed or loaded on a boat) so it something I don't have to compete with this winter/next spring. Canola carryover will be tight and that will mean tighter basis levels this winter.

[farmaholic]

Charlie: I'll bet my farm that if I ask what they're paying they will ask me what I am looking for before they give me an answer. Tired of the ****ing game.