Off to the Races

[cottonpicken]

If you want to put a smile on your face look at an inflation adjusted wheat chart.1973-1974 puts wheat around 27 dollars a bushel.

[melvill]

kamichael, Charlie's comment about licensing and bonding with the CGC is very important. Check to see if the company is CGC licensed at:

http://www.grainscanada.gc.ca/Regulatory/Licensees/licensees-e.htm

If the company isn't listed there, find out if they are operating under some else's license.

You didn't say where you are located. If the company is CGC licensed, contact your local CGC Assistant Commissioner. They are listed at:

http://www.grainscanada.gc.ca/Whoare/a-commissioners-e.htm

My past experience is that assistant commissioners are very good at "leaning" on licensed companies to get them to clean up their act.

[Fransisco]

Cotton have you got a link to such a chart?

I've been curious about that myself.

[wedino]

Sample N Seal will cure the tookage problems.

[URL="http://www.samplenseal.com/"][/URL]

[nw9flynn]

CP,

What is your outlook on oats, just got long beginning of last week. I'm thinking a new contract high is in order...

[kamichel]

Its a major grain company. CGC bonded no problem. Getting delivery on time has been a problem for years here locally in this one facility. Maybe its a management issue I think. Will be no problem getting paid. I just want to start us farmers here sticking up for ourselves a bit here and get some action.
Purhaps the getting paid on time issue I didn't say properly. It was on product delivered earlier than contract date, they paid a post dated check. Now I just believe we must be paid storage on product not taken on time, but really they don't have to.

[melvill]

Glad to hear "paying on time" related to early delivery. From our posts, you can see that Charlie and I were both worried that the company might not be on solid footing. Storage becomes a pretty small, but legitimate, issue compared to the risk of not getting paid at all.

[charliep]

kamachel

You are likely aware of the cash clearing house project that is being sponsored by western barley growers association and financed by the federal government under the private sector risk management program. The objective of this is to put buyers and sellers on equal footing by having standardized contracts/delivery terms. May not have been a help for early delivered stuff but would represent you in the case of a late delivery.

[cottonpicken]

http://www.321gold.com/editorials/hamilton/hamilton101207.html

Good article and website.

Read the mogambo guru if you want more,he makes incredibly boring economic data fun.

I'm watching oats closely ive got tonnes.I think we need to blow through 3 bucks for our breakout.If we hit our head 3 times at 3 bucks were taking a trip down(i doubt this).Today was a great day.

[nw9flynn]

Yeah it looks like there is serious resistance at $3/bu. The RSI looks supportive for a rally but I guess only time will tell...