erik
Will do a summary over the next couple of days. Short answer is lots of other market factors are coming into play. Another factor is the grain companies/CWB are working on a process to ensure the 500,000 to 600,000 tonnes gets done. Likely can cut deals to put on additional sales. This is likely all the market needed to hear for the moment to prevent further declines. The real proof will be cash markets this coming month.
Malsters are the ones who will really get squeezed again. They still are not able to get market signals out to farmers to ensure barley is brought in for selection and to ensure farmers are willing to store to next summer. Under the theory, you can't force a buyer to pay more and you can't force a farmer to deliver, don't know how you would prove damages. At the end of the day, it will be opportunity lost.
Will do a summary over the next couple of days. Short answer is lots of other market factors are coming into play. Another factor is the grain companies/CWB are working on a process to ensure the 500,000 to 600,000 tonnes gets done. Likely can cut deals to put on additional sales. This is likely all the market needed to hear for the moment to prevent further declines. The real proof will be cash markets this coming month.
Malsters are the ones who will really get squeezed again. They still are not able to get market signals out to farmers to ensure barley is brought in for selection and to ensure farmers are willing to store to next summer. Under the theory, you can't force a buyer to pay more and you can't force a farmer to deliver, don't know how you would prove damages. At the end of the day, it will be opportunity lost.
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