Potential June rains...

[furrowtickler]

For those have not seen it yet, check out:
"The 10 day Precipitation for Canada and Alaska"
Then look at the wx maps cotton put on here a few days ago. When those two align its prob 75% accurate .

[cottonpicken]

I've been trying to keep track of accuracy but cant. Do know wx called 2011 better than anybody

[furrowtickler]

Ya it was bang on last year in all 10 day hits in this area

[cottonpicken]

We should get somebody "Klause lol" to wip up some sort of spread sheet tracking forcastes across the models to test accuracy. Or I should just check the the net because one is already there.

[agstar77]

Raining steadily now perfect gentle rain. Will germinate all reseeded crop. But will it be in time?

[mustardman]

Too bad they don't know we have provincial boundaries here,so we could figure out our location. Looks like I am in the hot Dry zone.

$.40 lentils will be the Starting price this fall
I don't think buyers know how bad it is out here

[furrowtickler]

Agreed mustard - the experts have there heads deep in the sand right now

[bucket]

Lentils are 56 cents priced delivered India. Right now.

50 is the right bid for the lentil buyers. With an act of God.

[GOODRUM]

Any change in yellow mustard bids?

[sumdumguy]

Bucket, do you know what it takes to get those lentils in a bag and landed in India?

[dave4441]

I was about to ask same question. Would be interesting to see breakdown on the math from 56 cents a lb India to the farm. Please include ocean frt, insurance, brokerage, transloading, rail, edc costs, grading costs, cleaning, production risk, etc.

Start with an accurate usd price that will trade today in India in usd terms. Then work back to grower.

[saskcanfarmer]

David - Yoy know as well as I do that margins are massive to the exporter in lentils. Don't try to act otherwise please.

[dave4441]

Margins have been decent on sale by sale basis. But you can sell 56 cents cad new crop reds and ocean frt alone is 6 cents/lb cad. Plus plus plus lots of other costs. To say someone could pay 50 today is complete hogwash.

[saskcanfarmer]

Ok I can't disagree with that. Mustard, Lentils and Canaryseed have the biggest margins out of any crop we grow in terms of the exporter. I can't garuntee that. There is room to move upward from 43c but in the same breath that's a hell of a price. Almost foolish to hold against that.

[bucket]

Ok dave4441. What's the right bid?

And considering the mess in India and the fact they could buy the entire canadian crop that's not in the bin yet where do you think it's going? Lower.?


3 bucks a bushel to get to India isn't a bad margin is it?