Argentina to restrict wheat export permits if low prices paid to farmers!

[Braveheart]

The first words out of my mouth this morning were too personal to share here.

The next conversation was, we're going to keep looking for how to improve the business. The budget is tight on some crops. Gotta find a way to shave 5% off of projected costs. Basis bids for wheat are staring to get interesting again locally. If we can hit a target basis 5% above the best bid so far it would be good start.

We'll haul the rest of the annual ryegrass this week. It was a great paying crop last year. It was a good move to replace some of last years' wheat acres with it.

Rather than depend on Gov't like Argys, or complain about Ritz, I will focus only on things I have control over.

[oneoff]

Always have said that bumper crops are a recipe for disaster.

But most will still hold to hoping for consecutive bumper crops.

Got to get rid of that attitude?

Right or RIGHT ????

[oneoff]

Always have said that bumper crops are a recipe for disaster.

But most will still hold to hoping for consecutive bumper crops.

Got to get rid of that attitude?

Right or RIGHT ????

[sumdumguy]

One off, what types of "grass" are you planting this year?

[sumdumguy]

Sorry, that was Braveheart.

[charliep]

If you understand the politics of Argentina including export taxes/levies, I don't think you say the Argentina government has ever done farmers down there favors. If you look at the numbers, Argentina farmers have been building grain inventory as a hedge against inflation/currency risk.

You can get mad the domestic situation but the world market will always move on its own with limited influence from Canada.

Below is the March MGEX wheat chart. Futures have dropped over a buck a bushel US - somewhat related to the skyrocketing US buck. Someone who had sold MGEX mid December would have a combined cash and futures profit of close to $7.50/bu. There is still money to be made by paying attention and making good business decisions. These things are in your control.

[URL="http://www.farms.com/markets/?page=chart&sym=MWH15"]March MGEX[/URL]

[charliep]

I thought I would post a thread from 6 weeks ago - about when the market was approaching its peak. Reading what was said in the past is always interesting.

[URL="https://www.agriville.com/cgi-bin/forums/reply.cgi?1422882256"]Deja vu[/URL]

[charliep]

Oops. Try this.

[URL="https://www.agriville.com/cgi-bin/forums/viewThread.cgi?1419004224"]deja vu 2[/URL]

[Braveheart]

Sumdumguy, nothing for Justin. Still waiting for contract details. Annual ryegrass, prg non endophyte variety, and looking at meadow fescue.