Who is willing to lock the bins?

[bucket]

Harvest is here and the crops are coming in. Lets do an unbiased survey. No cwb talk.

After you fill your current contracts to grain companies, special crop processors and the cwb programs - here is the survey question.

Who is willing to lock the bins until we get what we need to cover next years crop?

[freewheat]

i know for me, I need every red cent I can get to make up for the last 4 years of crap, so no I won't be locking my bins! And thankfully, I no longer deal with the CWB, so there is no worry about going there or being screwed.

[TOM4CWB]

Bucket;

What is this... NO CWB talk?

Wheat is hard to call... and there is no basis worse out there right now than what the CWB is charging.

Will 09-10 CWB basis be better... or do we 'lock the bins' without tying up all this years wheat into the 08-09 crop year?

The CWB won't let anything but pooled wheat go into 09-10... PPO's can't be rolled.

It is a very valid question... to ask if Board wheat should be locked up... There could easily be an election federally in the next 6 months... Director elections... then some wheat options opening up?

I believe it is valid... and important to talk these issues through... in the context of wheat and barley!

Do we contract all our production... to maximise delivery of CWB wheat... off the combine?

[chaffmeister]

Supplementary question:

What do you need to cover next years crop?

$/bu, $/tonne, cents/lb...........

[Fransisco]

When I punched in today's fertilizer prices on what I used this year the average increase was $50 an acre.

Another question here is does one factor next years inputs into this years crop? Or does one factor next years inputs into the prices for next years crop?

There probably isn't a right answer here but I tend to think in terms of the later. Taking it one crop at a time, as you will.

[Burbert]

Answer to your question, NOBODY. Farmers are a strange lot, angry, upset, whinning and complaining all the time, good prices or not. They WILL NOT ORGANIZE, hence are doom to be poor suckers all their lives. Reality bites doesn't it!

[TOM4CWB]

Chaff;

What will the yield be?

Price of fuel?

Price of N?

Is decent crop insurance going to be in place... at what price?

Interest rates... CDN $?

Already spent $20/ac on next year... average cost to put in a crop in 09... $180/ac (without land cost) this year... will it be less next year?

[SASKFARMER3]

Boys the question is simple who is going to lock their bins?
Our fall need is will be covered by peas contracted at close to 10. Then our bins are getting shut, bags are ordered.
Every farm is different so it will depend on each farms financial situation.
Holding has worked in past with Huge dividends, I for one believe this year it will be proven right again.
Lock the bins boys. Remember last year viagra and others offering 10 for canola so you could buy inputs then when your delivering the stuff its 14 to 16 who made the cash and still sold over valued product to you? CWB is out to lunch on their programs. If their is a quality problem watch the grain companies doing buy backs and shipping huge volumes into the Us market where our grain can be blended with theirs to make great bread. Buy low sell high. And with the CWB in place that opens the doors to all sorts of Corruption. Read history of grain last few years who made!
Lock the bins and enjoy your winter.

[bucket]

If the bins are locked how can any grain co, cwb or processor get the product without raising prices? Just where in the world can the buyers go for product?

I think you have to figure this years crop to cover next years inputs. That is the way the fuel co's think - if oil goes up they raise the price to pay for the next load. I don't agree with their philosophy but it seems to make them oodles of money.

I say lock up what's not contracted.

It works for everyone cwb supporter or not. It may be the common ground farmers need to get their share of the pie. A good friend said to me once farmers are either start getting on the same page on our own terms or be forced to. Look if some people think they are big enough to go it alone - have at it. My opinion is with this latest company called the Assiniboa partnership with millions to spend buying farmland we are all doomed to serfdom and history has proven the peasants will revolt.

Lock the bins and enjoy the ride.

[furrowtickler]

We will sell what is contracted and the rest will be locked up. This harvest lull will kill those who did nothing(marketing) and will pay pay everthing(to those who did) today. Those who did even a little marketing this summer will be O.K., those who did not will be in very tough shape. There is peas comming off today at 10 bus. Ouch!!
Other peas in the area will go 50, totaly depends on management and hail damage. Not a year to cut back at all even when you do not get rain for 50 days plus after seedeing. More guys will go broke this year than in history in the prov of Sask. Good luck to all. We will start Winter wheat tomorow. What are yields like out there for all crops?

[Hopperbin]

OK my father locked the bin on some yellow mustard for 8 years. I am not prepared to that,I would like to have my grain gone within the year at the best price I can get. So Saskfarmer what is your selling point for wheat canola peas. What is the sense of locking bins if there is no trigger?

[Burbert]

Everyone has a different agenda, hence bins won't/can't stay locked. No organization, no way to influence the market. Someone will always sell, even at a loss, to screw up the neighbour. Grain companies may even offer up a special deal to some, 1 cent more per bushel can go a long way at times! LOL lock up the bins, not a chance, won't ever happen in this great nation! Canadians always do the right thing, sell cheap to a creep....

[TOM4CWB]

Burbert,

How do you think Canola got over $700/t... as recently as last month?

With one of the biggest Canola crops in years!

Your understanding of the grain market... and what the CWB actually achieved... staggers the mind!

The biggest thief in the grain stable; the CWB on basis on our wheat.

WHERE is the money... Burbert?

[SASKFARMER3]

Wheat its 10 or better Durum 16 its dry down south in ND Montana and Canadian number will be lower since south has poor crops. Their is no 70 crops near Regina or moose jaw. Canola over 16 and oats at 5 peas at 10 to 11. then I will open up the bins, Ill even be nice to the fert and chem and grain companies. Till then go to H e double hockey sticks. My plan is simple sell all contracted and deliver this fall, cash needs are met and all bills paid then can ride it out. Watch and pick what goes first as far as sales. Get a plan and stick with it. Also one note I have seen a huge amount of Oats seeded this year south of #1 highway If the seeded acreage report is right then most of sask oats is in this area. After assesment of yield. They have a nice 50 to 70 , not like a northern crop 90 to 120 total oats production is not their.

[cottonpicken]

http://charts3.barchart.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym= DXU8&data=H&code=BSTK&evnt=adv

Yes this has everything to do with everything.

What side of the trade do you want to be on?