I got the Call yesterday! Sell your wheat before it drops!

[farmaholic]

There will be no number 1 wheat this year at least not bought that way.

FFS bigwheel, don't you know by now that grade doesn't matter.... its the price that matters. I wonder if grade matters to the end user. Enter durum....

Waiting for the day wheat is priced #2 or better.... like peas. No premium for premium product!

[farmaholic]

farmaholic, we're still holding old crop hear so have only been following July and Sept.

I see where your were coming from re Sept, Dec and Mar.

Holding off pricing New crop, taking a basis might be a good idea though. Crop is late here though, and have concerns about early fall frost. No act of God on their DDC's.

Your decision to hold is paying big dividends.... good for you! But if I were holding I would be as nervous as a "long" tail cat in a room full of rocking chairs! LOL

[the big wheel]

Well I should clarify then.
There will be no number 1 and re discount will be horrendous for anything less. I can see the fuzz across the land as I write this. Hahahaha

[wmoebis]

FFS bigwheel, don't you know by now that grade doesn't matter.... its the price that matters. I wonder if grade matters to the end user. Enter durum....

Waiting for the day wheat is priced #2 or better.... like peas. No premium for premium product!

Yes grade matters for what end user will pay as far as FM and damage goes, but what is also very important is specs like Falling number and prot level. Grades can go out the window but end users will still deduct $ for damage and FM just like the USA.

All grades are is a guarantee that there is max/min FM and damage in each lot of grain. Just like kids going to grade school doesn't matter if you have 90% mark or 50% you still move on but less than 50% you fail.

[farmaholic]

Well over 75% headed. No signs of flowers yet but won't be long....**** the fusarium "suppression" fungicide...Mother Nature is doing it for "free" this year.

[Kinger]

I just love getting the call from grain companies to sell sell sell. Yea their market guru thinks we peaked and were on way for a huge fall.

Ah i read.

Ah i have contacts in different countries.

Ah i have wheat thats not as good as last few years.

Ah its late.

Ah its thinner.

ah headed dried out shit in SD will not come back and give a huge crop.

All the shit wheat in the world is low protein so no switching.

Ah it goes on and on. France is dry etc etc.

So sell sell sell.

Wheat is up .07 again this morning.

Have we hit a top.

No i don't think so.

Canada will have way less acres wheat tomorrow in the stats canada report.

So no i want the 8 thats where it should be with the dollar difference any way.

So no not selling yet.

The last month has been the biggest upswing in spring wheat in the last 5-6 years. Say you lock in 25% of your crop if it goes up great you still have 75% to sell. If it goes down you got some of the best prices in 5-6 years for 1/4 of your crop.

Your grain buyer honestly doesn't care what price you get but it makes his life easier if you can get a good price for it. He wants your wheat and see's that right now we have the best prices in a long time available so he want's you to at take advantage of it.

[Robertbarlage]

10 bucks in 2 weeks my guess.

[Partners]

10 bucks in 2 weeks my guess.

Sure hope your right.

[farmaholic]

Its hard to ignore the price quotes when late fall and mid winter prices are $1.40-1.50 higher than what I sold old crop for a year ago(December)

Is there more upside or downside potential now. Lots can happen yet and I am definitely looking at a smaller crop on our farm than last year. There's only so much lipstick you can put on a pig, when you yourself know its still an old sow!

[Oliver88]

Your welcome, sold some new crop wheat today.

Watch it take off now!