new crop wheat basis

[blackpowder]

Assuming average bushels. I have to bag it. Also overlooking grade risk. Local terminal offering $.30/b basis. #2 13.5
I'm tempted on a percentage. Nuts?

[bucket]

Your post doesn't indicate plus or minus.


But either way current new crop down south are minus 50us cents a bushel.

Better jump on it.

nia dyodd.

[farmaholic]

.....and here we go again, any indication of premiums or discounts written into the contract? Do you have numerous delivery options in your back yard? What if one of your other delivery options is grading your sample better?  Why does there have to be a specific grade assigned to a basis only contract?

[rook]

I'm hearing a similar deal (positive basis, and in this case basis the straight across difference between mgex and local cash price). Makes me wonder if grain co's think grain is cheap and heading up or if this is really a reasonable deal for off combine movement.

[JDGreen]

There once was a farmer JDGreen
Who was wed to a big city queen
She put up with the hurt,
Whilst he played in the dirt
As the money he made was obscene...

There is an mp named Ritz
Who doesn't know apples from shits!!
With no cars in site
How is the right??
The railways are doing the pits!!


There pars couple cornies to get Ya started


Us farmers get left with the pits...

[ajl]

Grain companies may be trying to hedge the Canadian dollar's drop to 0.70 cents. By this fall the US could be in recession which means the ROW (rest of the world) will be in full 1930 style depression.

[parsley]

Delighted you were up in the middle of the night composing limericks! ) #ManOfMyHeart. Pars

[LQQKY]

There once was a creeper named LQQKY
Who sometimes from high school played hooky
He'd drink beer in his car
Or go into the bar
And out to the field to have nooky.

[Braveheart]

There once was a chick from Wawota
Who thought Muslims were over their quota.
She loves food that's organic,
But this gal's no mechanic,
So likes Chevys over Toyota

[jdepape]

On Agriville we got to know bucket
A farmer who posts with a musket
If he wrote with more care
He would at least appear fair
And he wouldn’t make others say “**** it”

[Braveheart]

There once was a guy named Charlie,
Whose passion was riding a Harley.
With a cycle of chrome,
Thru the country he'll roam,
And no longer will worry about barley.

[blackpowder]

It's a positive basis.
It costs me easily $.25/b to bag it.
I can pile it off combine and truck before snow.Worked in 13 but every year different. This year however reinforced lesson that you can never trust the grade. I would never do this deal without it being company I knew very well.
Question is could it go higher if fx changes or something else.
Last year in dead of winter I thought a -$.20 was good for 14 crop. At lest I priced those futures. Grade off and she's still in the tube cause of RR.

[wmoebis]

You didn't say what your degrading factor was but remember the CGC came out with new standards on Nov 19th after alot of grain was already graded, even by them in the harvest survey, so might pay to have it regraded if it was for frost or mildew.

[Braveheart]

I said Hon you should hear what I read.
She said get off that damned site, come to bed.
I don't care about Parsley,
You love me too sparsely,
Now love me or I'm leaving with Fred.

[Braveheart]

Shades of Grey will open soon
Causing all the women to swoon.
Look I'm no dope,
I've bought lots of rope,
And knot tying will be a big boon.