I guess I should be thankful?!

[bucket]

Just finishing up hauling in the last of my durum this week. Imagine - I held on through those so called rallies(hey Vader) and my price will be 12.50.

Wow wee! I can hardly control myself. Durum was worth 6 bucks last year at this time it went to 28 bucks and the board was asking over 20 since last October and I end up with 12.50. Thank you lord Jesus and Stewie Wells for that successful year. I didn't capture any premium but I was on the hook if the grade went for crap.

I should be thankful for the cwb - NOT.
Another fine example of INCOMPETENCE.

By the way anyone care to give advice as to roll some of this into new crop?????

[mcfarms]

not how but whether too I take it?

[Burbert]

Just for the record, I have had barley ready to haul, malt and feed for the past 2 months. My friends at Vittera, have failed in every way, shape and form to allow us to move the stuff. Every excuse in the book, to not deliver. Summer holidays for staff in July. Disgustingly similar to the old same old Agrisnore/Agrisnore United way of doing business. It is the grain companies that suck big time from our prespective, not the CWB........ grain prices are good. Grain business failing farmers though.

[melvill]

Good point, mcf. The latest world durum production estimate - June 26 - from the International Grains Council estimates world durum production at 38.5 mil t, the second highest production level ever except for 04-05.

Remember that the N. African harvest was completed in May and the EU durum harvest is 98% complete as is the U.S. desert-durum harvest in California and Arizona. Only durum crop of any significance left to harvest is in the northern U.S. and Canada. Canada and the U.S., on average, produce about 25% or world durum but the two export about 66% the total trade.

One more twisted thought, though, mcf. Better tm that name or McFarms will show up at the Golden Arches as a new menu item.

[bucket]

Should I push the pricing into new crop year??

I understand the production estimates of a close to record, but they said that about peas a couple years ago. The acreage went from 3 to 4 million acres but the yield went from 40 to 30 bpa. Production was the same.

It might be the same with durum - big acreage but a drop in bpa changes things. The bins are also cleaned and swept - something that hasn't happened for a very long time on many farms. The reserve of durum is not there. Farmers will probably put a million tonnes back to hold the bins down after this harvest. Figure that into the tradeable durum and durum supplies won't be accessed unless the price rises.