Barley markets continue to skyrocket

[Fransisco]

Wow, what a great job the board is doing. Canadian farmers get lower than world prices and end users can't get product. Bravo, wheat board, bravo.

[Fransisco]

They article makes one little mistake, an error of omission really. The open market is <b>both</b> the <b>buyers</b> and <b>sellers</b> best friend.

[wilagro]

Franny: You should be in the pretzel business as you like to twist things around.

[Fransisco]

Straight as an arrow willy.

Its competition that keeps everyone honest and gets everyone a fair price.

[charliep]

Perhaps the most interesting questions for me are international feed barley marketing opportunities/prices being accurately reflected in the domestic feed markets? I ask this question because 75 % of barley produced in western is fed to the local livestock industry.

From the malt side, are enough market signals being provided farmers so they can make an informed decision about whether it is worthwhile to take a sample to a domestic maltster/grain grain company for selection versus simply selling to the domestic feed market on the farmers individual time table?

[AdamSmith]

Bottineau Farmers Elevator

Today's barley bids are $4.75 a bushel

Same price feed or malt.

Bottineau Bids Basis Cash
Milling Spring Wheat Sep 30, 07 -0.99 6.98
HRW Wheat Sep 30, 07 -1.34 6.73
Milling Durum Sep 30, 07 -173.70 10.50
Terminal Durum #2 HAD Sep 30, 07 0.00 9.80
Terminal Durum #3 HAD Sep 30, 07 0.00 9.30
Terminal Durum #4 HAD Sep 30, 07 0.00 8.30
Oats Sep 30, 07 -0.46 2.10
Corn Sep 30, 07 -0.53 3.00
Oil Sunflowers Sep 30, 07 0.00 16.00
NuSun Sunflowers Sep 30, 07 0.00 17.00
Canola Sep 30, 07 0.00 16.61
Peas Sep 30, 07 0.00 5.75
Flax Sep 30, 07 0.00 10.00
Soybeans Sep 30, 07 -1.72 8.00
RBST Barley Sep 30, 07 -179.45 4.75
Conlin Barley Sep 30, 07 -179.45 4.75
Feed Barley Sep 30, 07 -179.45 4.75
New Crop Flax Sep 30, 07 -8.07 0.00
New Crop Oil Sfs Oct 31, 07 0.00 14.90
New Crop NuSun Oct 31, 07 0.00 15.40
Lacey Barley Sep 30, 07 -179.45 4.75
Legecy Barley Sep 30, 07 -179.45 4.75
New Crop Soybeans Sep 30, 07 -9.72 0.00

--------------------------------------------------------------------------------

By the way that Canola price is per hundred weight.

And notice that milling durum price of $10.50


The price of grain is truly skyrocketing,

except for wheat and barley on the prairies.

[AdamSmith]

I also read where the Husky Energy is paying $6 a bushel for feed wheat delivered in Jan.into Minnedosa MB.

And again what part of having strong buying competion is bad for farmers? Willy? Agstar?

[kamichel]

6 dollars? And I sold my soft wheat to the board for 4.68 net to me and will more likely have to take a .4 deduction for 3 and feed. Plus they will charge me 1.7 per bushel to give them the 15 percent midge damage, guess I could clean it. Not sure if the ethanol plant would want the screenings.
Charlie I agree with you 100 percent that the board fails to connect the farmers to the end users.
There was another thread about why Canola is lagging behind the soy oil and meal price. Perhaps it is because there is no direct competition from wheat and barley.

[kamichel]

Any chance I could get a dollar premium for delivery of feed?

[kamichel]

You know its not like the board presold any feed wheat, is that even possible? So why should I be stuck with .4 deduction for feed when feed is worth even more. Last year the deduction was 15 cents this year is 40 cents. The CWB should do some business as unusual and deduct less.

[TOM4CWB]

Wilagro,

Your "Twisted" response speaks volumes.

Are you buying grain... and need low prices? If not, What is your logic?

[craig]

No one is commenting on the fact that I believe a lot of this years barley crop is already sold by producers. With lots of reports of disappointing barley yields coming from the main barley producing areas it is likely that producers will need all of their production to meet their committments. A positive for the feed market is that it is becoming less likely everyday that barley not already in the bin will make malt grade.