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Is anyone over $6 for hrsw?

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    #11
    Farma

    What exact insurance is AOG anymore? You have companies now on lentil AOG contracts cancelling them because of sample grading issues. Well of course the market has moved the other way and they aren't grading a 2 anymore so hey let's stick it to mr farmer.

    It doesn't really matter if it's a AOG or a DDC it's risky if you don't know what the grade will be and both contracts are rigged for the house.

    The sloughs aren't the only pools of water with the scum rising to the top.

    Iceman out

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      #12
      We have forward priced and market has gone against us, but nobody tells those decisions... never had much nerve till in the bin. If we locked #2, and turns to feed the spread is NOT locked. Just one of the LOSERS I guess, good for you that are such winners, you WILL inherit/own/rent the earth!

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        #13
        Like the guys who just lost contracted crop to hail last night ? Been on that side as well , some of you may not have been .
        That's were it can ruin farms

        Good for those who did contract and got good prices - hope you get it off , all of it

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          #14
          I am sure glad I do not have to be so paranoid about getting screwed on grade and discounts as some on here from their buyers. In my experience it is not very hard to get out of a contract as long as your price is better. Once I had to buy out two contracts because the market prices were higher at the time and I had very little crop. It stung, but the way I looked at it I was a lot further ahead by averaging it out over a couple of years. Once in awhile I would get less price. I guess I like to keep my income from having highs and many lows. In a decent year I also get to haul some in at harvest instead of building extra bins or being the low hanging fruit. This year I am pleased.
          Last edited by may-be; Sep 7, 2016, 22:52.

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            #15
            A few years back when I had the real bad hail and lost some 21 quarters to hail It really stung to buy out a contract. Its a risk of doing business. Some times it works some times you get the shaft.

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              #16
              I should have locked some prices in but to date anything I have harvested wouldn't make grade or deliverable. So not only would I have to take discounts I would need to be building 100000 dollars worth of bins.

              Not profitable here.

              Grade spread could get ugly.

              Commercial salvage durum

              X3 red lentils.

              Neither moving right now.

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                #17
                Originally posted by SASKFARMER3 View Post
                We have 50000 bushels locked in at just 7 for #2 13.
                25000 sept and 25000 October.

                Quarter production.
                Has your Sept been called yet? Elevators are empty, RR are pulling. Weather is good for hauling.

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                  #18
                  Sept is delivered and snuck about a quarter of the october in all ready. They now shut us off till end of september. That is ok. Peas left the Elevator yesterday. Full train to coast.

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                    #19
                    The early guys got sell their wheat strait to elevator because they needed it to fill a grain cars. 5.85 per bushel. Nexera is going for me today. They called two weeks ago needing some for this crush.

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                      #20
                      Poor quality has the graincos scrambling. ....they can't fill with something that doesn't move.

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