DTN... 2015...High Supplies, Record Production, Low Prices

[wakopa]

No wise guy , we not jealous, not much use trying to explain , jealous lol.

[Richard5]

A wiseguy once said...

Sorry I can't remember so it must not have been important

[malleefarmer]

indeed there is a mount Everest of wheat in the world currently.
Problem here in aust one of major wheat buyers Indonesia is importing from black sea and france way cheaper than we will supply even with our freight advantage.
And china usually buys 70% of australias barley has gone mia as well.

What are canadas traditional markets?

[MBgrower]

Canada sells into those same markets. According to the marketing newsletters i susbscibe to, we are selling ex vancouver at competitive prices to black sea. Our low dollar is buffering low export prices. If we were still near par with us dollar, our cash bids would be in the $4-5/bu range for top grade milling wheat. Usa farmers hurting from their strong dollar.

[malleefarmer]

For your information im currently selling at $260 on farm for wheat delivered into a feed mill.

When that contract is full Monday then have 360 tonne to deliver to a beef feedlot which will return around $256 on farm, a little more freight and were are not exactly sure of distance about 100 to 125 kms away.

We target delivered market and box market rather han traditional export market which is woeful at the moment im getting more for shit wheat ar feedlot than top grade high protein wheat is priced for export.

But always been the case most days delivered market is $25 to $40 per tonne better than elevator prices, extreme days blows out to $60. Often get calls "a buyer needs 200t wheat tomorrow willing to pay" I may say sorry to hard not harvesting wheat an hour later "willing tp pay another $12" point is they are willing to pay top dollar when they have to.

Grain marketing is so different here for me than you guys, not saying its better or worse, at times its hard work though. cheers again

[SASKFARMER3]

Tom I had a nice crop finally dry. I want more droughts so we can get back. I love a great crop but after years of getting shit on by floods you get tired! Similar some will understand if they get years of droughts!
Have a great year but over producing never gets one ahead as a business! Some farmers think it's better.
Happy new year one and all!

[farming101]

Major importers of Canadian Grain:

2014-15
China, US, Japan, Mexico, Italy, Bangladesh, Indonesia, India, Peru, Columbia
Wheat and Durum: US, Indonesia, Italy, Japan, Mexico, Bangladesh

So far this year Venezuela(wheat and durum) and United Arab Emirates(wheat, durum, oats, canola, lentils) have also shown up for significant amounts.

[Goodtime]

Well .....enough bitching...enjoying a nice rye paralyzer..Happy New Year everyone!