Market Advisory Fees

[malleefarmer]

on the above post all farmers have access to shipping schedules and commodity and grade its all in the auction system for shipping slots.

grain market advisors keep there eye on things and ear to the ground

it really is a different marketing world here as I'm working out from you guys via chuck chuck and blackpowder and sask3 farmaholic and others.

are we better off or not that's not for me to decide are we better organized who knows but reckon we have more options anyway and we live with new system and don't bemoan the past its gone the old sayin "if life gives you lemons make lemonade" well I disagree "if life gives you lemons get a taste for em princess"

[farming101]

Mallee, we can only dream of having the information you guys get

[URL="http://www.viterra.com.au/uploads/PDFs/Ports%20And%20Shipping/Shipping%20Stem/Shipping_Stem.pdf"]http://www.viterra.com.au/uploads/PDFs/Ports%20And%20Shipping/Shipping%20Stem/Shipping_Stem.pdf[/URL]

There is no information publicly available for farmers in Canada that looks even remotely like this

[Guest]

So you guys paying fees for info..are you hitting the market highs all the time?
We sell when dollars are required..usually a few months ahead..Guys wanting 12 dollar canola are still waiting here..
Most market changes have nothing to do with supply..demand..

no not us , lol . but I think we probably are in the top third . our lowest canola was a couple loads from the combine for $10.60 and $10.90 . a lot went for $11.35-$11.70 . highest was $11.88 at bunge , to del in July . have some new crop , bunge , dec del for $11. have about 25% old crop to price yet . nexera we averaged about $12.90 and some new crop priced for $12.49 sept-nov. del to bunge with AOG. 320 ac hear canola priced new crop for $14 full AOG total production .old crop hear was $13 flat , it's gone , not much of it after floods. we weren't smart enough to take the $7 viterra tisdale had for #1 wheat half the winter , did sell half though . had one load of canary priced at 25 cents , rest sitting in bin . sold feed barley for $3-$3.10 , vomi was good . too chitted for malt . got lucky , carried flax over from 2015 and a seed buyer bought it for $14 . , $13.70 net to us after trucking . had priced 3000 bu 2016 flax at $12 with AOG , That's about all we grew and they took it for that . can't find anyone that wants to pay anything decent for alfalfa seed , not much of it , guess it will have some birthdays . peas somehow miraculously turned out good and averaged about $8.75 for them . oats probably averaged $2.90 . no new crop oats or peas priced yet , may have missed the boat there also
what I like about it is he tells you what percentage you should be sold and it seems to be the boot in the ass we need to make the call. and sends bulletins to sell from time to time .

[Kinger]

Doesn't anyone have a concern paying for marketing advice from someone like Cargill who might be involved in input supply as well as purchasing farmers crops and also potentially importing the same crops from competing countries? Would you be confident they really have YOUR best interests at heart?

That's a question that goes both ways though, yeah they do handle supply in most of the world but that also gives them better insight into what is happening in those markets than the other advisor who is trying to translate Brazilian weather data to make an estimate. I went to a talk were the head Canada Wheat merchant for Cargill was there and he talks all the time with the Aussie, American, and Black sea merchants to see what is going on down there. That info is forwarded to the analysts and advisors.

The advisors are also separate from the buyers, they talk sure again to see what is going on locally. Alot of them also have contacts at other elevators as it isn't a sell to Cargill Marketing Service. It's Advisory, you decide where to sell and when these guys just try and help you get the best prices by using tools like puts and calls. If you want to sell to Viterra and they are better priced you won't hear an advisor complain.

I also believe there are several laws in place to prevent that sorta thing.

[SASKFARMER3]

Don't hit the top but getting better at it.

we have a plan for sales and last year had a strong off the combine wheat plan. priced dropped a bit since but will average great on our hrs.

Canola waiting till last month proved a good strategy this year and will do good on that crop.

Barley missed the malt boat again getting sick of that program but liquidated while gone for $3.25 picked up.

Oats have just enough for seed.

Peas all gone with aggressive fall program and now have a decent price locked in for fall 2017 will cut acres and take total sold to 35 bus a acre.

Durum will be cleaned and screenings burnt and rest who knows not that much to worry about.

When every one wants 12 take 11.95 the extras 5 cents is $1000.00 more in your pocket but most times your selling for $5000.00 to 10,000.00 less if market tanks.


Big game but getting better at it.

[malleefarmer]

re shipping stem brokers all know what grade is being loaded and buyers let it be known as well

[farming101]

Mallee, ship loading forecasts and agendas are not widely known here.

36 ships in Vancouver and 8 in Prince Rupert as reported in the last summary
That's likely about a 3 and a half week supply