durum quality

[newguy]

How much durum left to be combined? Stuff before rain was looking very nice quality but how will the rain effect the stuff still in field.Will spreads just widen and #3 go down in price or will #1 go up in price?

[LEP]

This is about the third rain I have gotten on my durum. Expect it to look like it has gone through a chicken already.

Still have a week and a half of standing canola to do before we get to durum.

#3 will drop in price, #1won't go up in this commodity market.

[bucket]

Thanks for that, was wondering the exact same thing.

Sold the durum off the combine. No protein premiums after 11 percent.

Good thing there is a working market exchange in canada for durum. Lol.

My guess is that a lot of number 1cwad is now a three at best. Even with all the extra passes put on.

[newguy]

So if the spreads increase between 1 and 3.Should a person contract 3 now and when spreads increase deliver 1 on that contract and get the increase in the spread.?

[farmaholic]

Who is determining the spread, at or near the time of delivery? What a useless battle. You're contracted with them and they determine your "premium" while the buyer down the road could have an even better one. That's right give them your power. No exchange to base anything off of, like it matters anyway with the "magic" basis.

Just my opinion.

[bucket]

I am quite sure the families called for a special tea to discuss the durum issue.

[MBgrower]

If u sign a #3 durum contract, do the graincos pay u a premium if u end up delivering 1's and 2s? No durum grown here, just curious how they deal with it.

[pgluca]

FYI my last Durum contract with Viterra was for a number 1 with no protein specified. It included two or three pages of discounts and premiums for other grades and proteins, which I guess would be deliverable if you couldn't make the #1.