Positive Wheat Basis

[furrowtickler]

This positive basis shows two things, farmers realize that they were totally ****d last year with outrageous basis levels and are simply saying no right now. And the fact that they can have positive basis levels just after harvest is interesting and proves one thing rarely brought up with marketing experts - production numbers are only one piece of the pie - whats the quality break down. This year its is huge.

[bucket]

And for the guys that have the shiny new snow fence.

Don't take this the wrong way. Thank you. Good for you. More than likely you can easily tell the graincos to **** off and get the storage paid for.

Thank you from someone who doesn't have that option.

[charliep]

For what it is worth, the Great Falls price for a DNS (spring wheat) 13 protein is USD $4.80/bu or Cdn $5.40 ish. Your discount from a 14 protein (similar to our 13.5) to 13 protein (similar to our 12.5) is USD $1.60/bu.

I will put the most recent CGC quality data up from their harvest survey.

[URL="http://www.grainscanada.gc.ca/wheat-ble/harvest-recolte/2014/sqd-dqs-2014-en.htm"]CGC[/URL]

[Guest]

here is an actual quote from a local big box elevator on daily propoganda text on prices : "we are full on oats until march BUT got 1000 tonnes for $2.77 for dec ". kinda makes you feel like you have an idiot sticker on your forehead when you read something like this ! just like they were all bought up with wheat and canola until next summer , doesnt appear that way now with positve basis , lol

[sumdumguy]

Maybe when a few more ships pull into Vancouver and the demurage starts adding up, the basis will be even more positive. Let's hope.

[bucket]

They could start by quit insulting our intelligence about fx.

[Klause]

And you can get north of 6 bucks here in central sask for winter del

13.5% #2

[Braveheart]

Klause, same in southern MB. Targets have been hit at $6.40. Basis for one grain co is $25/mt over Dec. Mpls.

[Braveheart]

That bid is for 2 CWRS 13.5%.

[bucket]

You guys realize wheat gets sold off the west coast for 10 dollars a bushel and you pay the freight to get it there?

The graincos can move alot more before the are even close to losing money.