Durum bids....

[farmaholic]

With the lack of any price discovery mechanism(functioning futures), other than me making a dozen phone calls and reading the odd subscribed marketing/analyst/broker newsletter, what are you hearing durum prices are for #2 to #4 CWAD?

[riders2010]

It will be the amount of bushels produced times the price that allows us to pay for our fertilizer and chemical bill to the input suppliers. The rest of the profit goes to the grain companies. On greedy years there is no money for anything else. Now rhat the grain cos are all input suppliers it's just worse. The grain cos have deals worked out witht rhe in dependants so don't get comfy with them either they ve been in bed since the beginning.
Always has been always will be.

Same thing for canary and every other crop no transparency even when there are bids shown. Because no one knows what causes basis any more other than it's a fictitious floating number.
Wish we could charge basis. Wow wouldn't that be something like a basis for all the costs we cannot control.

[ColevilleH2S]

Latest bids I've seen are $8 for #3 at one place and $7.50 for #2 at another. Both May delivery.

One you hit June price drops to 6 something.

[mcfarms]

Just cleaning out the last bit of durum at 8.61 for a 60 hvk #3. It's off 15 a tonne in the last bit and yes the price into June July sound like a couple bucks lower. That'll change it more sales are made or weather issues resurface. It was nice hauling the earlier sold stuff that was worth canOla value.

[LEP]

Have you had a US grade done on your better stuff?

If so call Rayglen. I have sold to Lansing and Schoular this year for $12.50 picked. It was graded a #3 in canada. Graded mostly a #1 in the US. What they care about is 300 plus falling number, 12 or better protein, less than 14 moisture and damage under 1.5%. Dockage was way better. Averaged .2%.

[LEP]

That was $12.50 picked up.

Also have to know your grain. Every trucker that came had stories of loads rejected and returned to farmer/elevator.

[farmaholic]

139 posts on the ISIS thread and so few on durum marketing....

[farming101]

Farmaholic, I didn't put in my 2 bits because I'm always afraid someone will sell some grain based on my opinion. It's not my grain to sell.
However LEP who did respond received some great prices. Based on US durum carryout and Canada carryout forecasts I would work hard to find the best price possible for good quality durum. Personally I never feel bad about getting rid of low quality grain for whatever I can get.

<a title="DTN commentary" href="http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicName=/ag/blogs/template1&blogHandle=canadamarkets&blogEntryId=8a8 2c0bc49f2d3d3014ba2d013a10fcf">DTN commentary</a>

[farmaholic]

Farming101: Mine was actually commercial salvage but we took 18% out and there is still some fus/vomi in it to the point it is in the lower grade spectrum although it still has some good qualities(15px, really dry, 84 HVK) We got $3.50($3.25 net to me after splitting the trucking to the feed mill)for the screenings. I just sold the clean stuff today but will wait to disclose prices till its delivered.

Thanks to everyone who responded.

[FarmLead]

Durum bids have fallen off a bit althought we have helped producers sell a couple dozen loads at double digits over the past few weeks. However, discount schedules need to be known ahead of time. That being said, the best thing to do is have your grain tested independently. We at FarmLead have partnered with SGS to order those tests online (same price as normal) http://www.farmlead.com/farmlead/farmlead_sgs_test_orders/add
While we encourage you to call the normal companies that you deal with (whether that be a grain co. or brokerage firm), but the first call you should be making is posting your grain on the FarmLead Marketplace. Automatically dozens of durum buyers would know that your grain exists and deal with them directly (versus calling one buyer one by one, or a broker doing that for you).
Proactiveness pays, plain and simple. Whether it's getting your grain tested or making grain buyers come to your grain, you're in a better position at the end of day.