Mustard,,, Hot Prices...

[mustardman]

Historically weird but it seems yellow has a high moment Every seven years

[Rareearth]

Pictures (charts) can depict what a 1000 words cant, they are valuable.

Not sure if I could operate on the hourly income basis. Way too many moving parts, grow the wrong crop, in the wrong year and you will be broke, doesn't matter what you need to live. Also easier with bumper crops than drought ( no crop).

Grain future traders have way more losing trades than winning ones. They get out when they are proven wrong or timing is off. But when they are stuck in a trend, they continue to hold and let profits aquimulate, it takes significance of something to change a trend.

Start googling mustard prices in Europe or where ever, subscribe to there grower magazines and newspapers, western producer, etc or start listening to Mallee pulse Australia mustard grows where lentils, wheat and most other semi arid crops grow. You don't have to be a genius to see and here about the drought in southern sask and Alberta this spring, and figure that probably will impact mustard growers, supply and price as well.

I agree exporting is not the farmers business. Maximizing opportunities should be farmers business. Listening to a exporter tell you we are at historic highs and this is a good price isn't wrong. Imagin if they need more mustard, what else could they say to have you sell or contract? Every one has to make money, market needs steady supply, we have 6 months left until new crop is available, there is no down side risk, maybe in July there is danger of no sale or price decline. This is how traditional canary seed growers made money, canola growers, today it's lentils, and we have way more information and time than ever before thanks to Internet and market analysts who help figure these things out, with their information networks. Just like the tax thread there are every day analysts then there are experts who work very hard compiling information as to supply demand, weather, total production, demand, politics etc I'm glad they are here to help us.

[GOODRUM]

What was the Canadian dollar at when the mustard was at .60 last time?
Are we getting a fair exchange ?
I can't find any US pricing

[ColevilleH2S]

When Mustard hit 70 cents, the dollar was somewhere in the sixties.

[Rareearth]

What month was that in?

[farmaholic]

I would like direct readers to the Sask Mustard website where you can find the Mustard Grower Winter Edition newsletter. On page three is where I got the price chart. There is a small write up with it. It shows the bids in US dollars along with the Canadian bids and talks about the difference in the two and exchange and stocks. I think of the article as an unbiased review of whats going on.

[hobbyfrmr]

I am kind of a broken record when it comes this risk management tool. If you are exporting out of province you can qualify buyers by using accounts receivable insurance. A btrain of 60 cent mustard is worth about $55,000 or you can cover the value of your sale contract.

http://marketpowerassurance.ca

[hobbyfrmr]

http://www.saskmustard.com/grower/news/mustardgrower/2015/SMDC_Mustard_Grower_Winter_2015.pdf

Farmaholic, thank you for the suggestion. Thats a very good website.
It looks like the AGM is January 14.
$20.00 and a trip to Saskatoon could really answer a lot of questions for farmers.
The date , time , and location are on the website.

[farmaholic]

Hobby, is there an organic mustard market? Color sorting would fix the admixture/inseperable issue in yellow. It is used as a tool in the conventional market by the the cleaning plants to make pigs ears into silk purses. But that benefit should mostly accrue to them since they made the investment in the equipment, if a little value can trickle down to the grower, bonus! Production areas that don't have cleavers as a problem and have some dirt that hasn't seen canola for afew years are probably the last bastions of the old style of production. Others will have to rely on chemistry that only provides weed suppression and/or cleaning technology to produce something that will make the top grades.

Around here wild mustard has been beaten back pretty hard.

[hobbyfrmr]

Grain Millers and Sunrise Foods buy organic mustard, I am not aware of the price.
Historically I dont remember ever having to clean any of my organic cereal grains before sale. This year I grew more pulses and they are more sellable when cleaned.
I have not compared the cost of a good grain cleaner, gravity table and color sorter, and a weigh scale in a shed vs. a good used sprayer.

[furrowtickler]

SW Sask if not hit by drought, could be in for a good year . Very good yellow mustard, lentil, pea and malt barley prices could set up that area very well .