Wheat basis

[bgmb]

Sounds like good plan except Ritz told them they wouldn't have to honor contract with penalties for 3 months after due date. Hope you can make same deal with creditors.

What a joke hey. If a farmer doesn't pay his bill interest is tacked on but if the grain co doesn't pay or take delivery farmers carry the grain and store it for free.yeah Ritz was great. Really really great ostrich famer.

[farmaholic]

It IS getting the feel of a local cancerous coffee shop. However. I am also dissapointed with the lack of leadership to get our grain to market. Everyone is hoping 2013 logistics never happen again. But the reality is, it's going to happen with more frequency, and many lost dollars will go to the wind before there's a real solution.

This is derailing this thread.... But Ray Orb of SARM identified the growing production trend but now what are we going to do about it. And yes, capacity will be a limiting factor in the future again sometime. But the grain isn't going anywhere, the RR's will haul it sometime and the GrainCos can maybe use it as an opportunity to choke the producers with high basis and passing on incurred demurrage. The Grain Transportation Review has "recommendations"... But having producers pay for things that are out of their control and someone else's mismanagement or problem shouldn't be our problem. We are too easy to take from!

And the true basis.... **** the Forex, the Minni futures and everything else in that stoopidness. Take the export price deduct what you got paid and there you go..... true basis. We need to know what that export price is, it's not about them leaving us enough to barely be profitable but about us getting a fair share of the export price for the RISK taken growing this shit so others can make money off it!

[bgmb]

This is derailing this thread.... But Ray Orb of SARM identified the growing production trend but now what are we going to do about it. And yes, capacity will be a limiting factor in the future again sometime. But the grain isn't going anywhere, the RR's will haul it sometime and the GrainCos can maybe use it as an opportunity to choke the producers with high basis and passing on incurred demurrage. The Grain Transportation Review has "recommendations"... But having producers pay for things that are out of their control and someone else's mismanagement or problem shouldn't be our problem. We are too easy to take from!

And the true basis.... **** the Forex, the Minni futures and everything else in that stoopidness. Take the export price deduct what you got paid and there you to..... true basis. We need to know what that export price is, it's not about them leaving us enough to barely be profitable but about us getting a fair share of the export price for the RISK taken growing this shit so others can make money off it!

Weber has been talking about transparency for awhile. Need some serious lobbying efforts to get there. It is key to having a reasonable basis

[sawfly1]

no transparency is what you got.
harper and ritz did the grain co.s bidding.

no requirement to post sale prices

so it is whoever voted for them .
they are to blame

[bgmb]

no transparency is what you got.
harper and ritz did the grain co.s bidding.

no requirement to post sale prices

so it is whoever voted for them .
they are to blame

I suppose we should all be writing our current ag minister he may be willing to listen unlike bird brain

[bucket]

Wheat out of Vancouver is 9 bucks and durum is ten....


Now minus what you get here and the basis is about minus 80 a tonne.


PNW prices converted to cdn is a reflection of prices.


Also watch the tender prices for wheat sales....ripped off here in the prairies....yup but the odd guy is getting more than everyone else which is OK.

If you live in Alberta you get more since freight is less and companies are moving grain because it's a shorter haul to export.

Nothing magical.

Everytime I hear a brokers picked up price....I know we are getting ****ed....they are paying themselves and a trucker and driving past 8 terminals....

[bucket]

Some other problems with our system....if a farmer signs a contract now for Sept delivery for 100 tonnes no one orders a car for that delivery.....they can't.

It's stupid.

Some grain cos could have booked trains but who wants to preplan or schedule.


Most of that isn't the grain cos fault but you would think they would lobby for changes for logistics.