HRS

[agstar77]

Is this move for real? It looked like we had bottomed and now it may be confirmed.

[furrowtickler]

I hope the move is real , nice to see, but would be much nicer to feel. Locals are still out to fukin lunch on pricing.
One local is at $5.87 .....
With todays price in Minn, adjusted for the diff in exchange, how much should #1 13.5 hrsw be worth in central Sask ?
My quick guess we should be easily at $7

[Partners]

Viterra is at $5.92-#1-13.5..

$5.47-#2-12.5...

Still have not moved the wheat we hauled them in Sept.?

[charliep]

I might warm up your dialing figure a little bit. Highway 2 corridor in Alberta has 1CWRS 13.5 prices in the $7.25 per bushel range for at least one grain company. 2CWRS 13 in the $6.60 plus area.

[furrowtickler]

Charlie is correct
Lowest $5.87 and highest at $6.33 locally - they are 1/2 mile apart lol
Glad I am not stuck to one elevator ...

[bucket]

6.50 usd mpls equals 7.38 cdn now add a positive basis. and the KY jelly. We are getting hooped. oooouch.

[farming101]

6.85 for Feb delivery at Wilkie. Closing in on 7.Too far?

[Partners]

Depends if they need wht..Richardson's in Wadena is buying wheat for Feb. delivery..

[furrowtickler]

Partners - are they buying for feb at $7 or better ?

[Partners]

We have #2 12 pro...$5.82...for Feb...Oye..

[farmaholic]

Furrow, I'm so glad the hear your not "committed" to a single company through a basis contract or some other hobbling contract. Why limit your options.

[RidgeRunner]

Priced some $7.00 #2 14.0 yesterday before this big up day today, basis levels weakened of course, but can still get 7 in May for 2 red 13.5 which the rest of mine is, said it was all gone at $7.........basis has eroded 10 bucks in 3 weeks, should have locked it in but who knew :central MB

[furrowtickler]

Just wanted to point out that their not really buying at these levels - they are taking... Locals are all taking wheat here as well but they are not 'buying' it. Actually they are taking low grade wheat and trying to steal higher grades.
If they were buying, the prices should reflect closer to what the real market should be - which is $.50 to $1.50 more than what is being offered to take your grain. Movement not the issue, it's getting paid fairly for quality product.
It's paid to wait so far, just not sure what to do, or how much longer to wait. Futures could tank as fast as they have gone up on a whim and this may seem like an early Christmas gift. I would jump all over this rally if it were not for the fact there is far too much "money out" IMO to the real market.
At least it is closer in Alberta, but we are not $1/bus in freight off central Alberta.
Again as of today if central Alberta is $7.25 we should be around $6.75 to $7 but it's not even fukin close.....
I know with our grades and yields we should dump and run on paper - but it's the principal that irks me - we all left a huge sum of cash on the table last year just to have the good fortune to have our grain moved by this grain moffia and rail robbers - and they are trying to stick us again.

[stonepicker]

How come some farmers are always getting ripped off by the evil grain co. and railroads and some farmers aren't ? How quickly people forget that when the great cwb was giving our wht. away that the ship demurage came right off your wht. chq. How come canola works and wht. doesn't ? They both work.

[bucket]

So explain the riddle of pricing.

6.50 usd in mpls today. Basically a zero basis at the local. And in Canadian funds I can't see 7 bucks? Matter of fact can't even see 6.50 cdn. That's 70 cents in fx into thin air?

Interesting.