Have we just had dead cat bounce this week or markets finally found a bottom?
Funds appear to be buying back postions ie taking profit.
Locally here in Australia the experts suggest 28 million tonne crop now not sure if that's biggest on record but for once I find it hard to disagree with them.
Basically once canadian harvest winds up australias will start maybe a gap there of 3 weeks early oct things will happen in west Australia.
Will weigh heavily on market capping upside one would think.
A few spots are to wet .
Thinking here on my patch we may well have wettest on record.
Best cure for low prices is low prices not sure how long that theory takes can see end users watching waiting just buying hand to mouth and when they think market has bottomed will buy 12 months supply in the elevator system so sure it increases demand but there out of market till next harvest.
We live in a area were there are many feedlots poultry farms feed mills and dairy farms, mega pig farms nall within 60 to 80 kms all to do with our climate summer scorching less disease. But once they've bought they've bought and here I am at moment building 2 by 860 tonne silos on farm questioning wether ive done right thing in a bear market.
Logic was grain at elevator hypothetically 160 at harvest I take it in 15 freight 145 on farm.
end user buys from elevator so glencore/vittera charge end user 175 for same grain $15 per tonne out loading 2.50 per month storage plus about another 3 bucks for other charges so they basically pay $200 for there feed barley during year.
My plan is to sell them for the same 175 but theory came unravelled last year glencore we selling grain to mega endusers lmost at cost and just pocketing fees and charges made it hard for those who store on farm.
end of Saturday morning babble off to town for a grocery shop 54 kms away,how far do you guys live out from your local town were all facilities are?
my son goes to local school 20kms away small town 500 no banks a little general store but not supermarket but not there services of above town.
Funds appear to be buying back postions ie taking profit.
Locally here in Australia the experts suggest 28 million tonne crop now not sure if that's biggest on record but for once I find it hard to disagree with them.
Basically once canadian harvest winds up australias will start maybe a gap there of 3 weeks early oct things will happen in west Australia.
Will weigh heavily on market capping upside one would think.
A few spots are to wet .
Thinking here on my patch we may well have wettest on record.
Best cure for low prices is low prices not sure how long that theory takes can see end users watching waiting just buying hand to mouth and when they think market has bottomed will buy 12 months supply in the elevator system so sure it increases demand but there out of market till next harvest.
We live in a area were there are many feedlots poultry farms feed mills and dairy farms, mega pig farms nall within 60 to 80 kms all to do with our climate summer scorching less disease. But once they've bought they've bought and here I am at moment building 2 by 860 tonne silos on farm questioning wether ive done right thing in a bear market.
Logic was grain at elevator hypothetically 160 at harvest I take it in 15 freight 145 on farm.
end user buys from elevator so glencore/vittera charge end user 175 for same grain $15 per tonne out loading 2.50 per month storage plus about another 3 bucks for other charges so they basically pay $200 for there feed barley during year.
My plan is to sell them for the same 175 but theory came unravelled last year glencore we selling grain to mega endusers lmost at cost and just pocketing fees and charges made it hard for those who store on farm.
end of Saturday morning babble off to town for a grocery shop 54 kms away,how far do you guys live out from your local town were all facilities are?
my son goes to local school 20kms away small town 500 no banks a little general store but not supermarket but not there services of above town.
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