Durum export prices

[farming101]

Any guesses where Canadian port asking prices went last week?
This is US prices basis Gulf ports
700,000 tonnes of durum in primary elevators and export position just became a lot more valuable.
Farm gate not so much. Average SK price last week for 1AD 7.50 CAD

[farmaholic]

Guess. .....is the key word.

[bucket]

Price should be down on the prairies prior to harvest....and who cares about export prices.....it's none of our business...


That chart has durum just shy of 15 bucks cdn. ...basis is what now...

It might be fair to say ....royal ****ing.....

[farmaholic]

I guess no one grows durum? The same drought(-like) area on both sides of the border that grows hard red spring also grows durum. MGEX spring wheat had a nice rally....why wouldn't durum? No futures market for manipulated price disovery(sorry for the sarcasm).

What about other durum growing areas of the world?

At least there is a better chance at a fusarium free quality crop in the traditional area. But they always dream up some excuse to downgrade quality grain....stay tuned.

I'm so sick of the grading and marketing scams that I chose not to plant any this year.....as usual I zigged when I should have zagged. I missed a good durum growing year in 2015 and now 2017(not over yet---could go sideways yet).

The prices will rise yet...they'll have to.

[Guest]

But , but , there is two year burdensome supply ????........

[Jagfarms]

But , but , there is two year burdensome supply ????........

Most of the durum still on farm is poor quality not much good quality Durum around

[farmaholic]

Most of the durum still on farm is poor quality not much good quality Durum around

YAWN.... that's what they say. But you will be surprised how things change when supplies tighten and what was deemed poor magically becomes useful.

Or even better is when it can change from the time it takes to drop from your trailer shoots through those magic grates into the pit! I gotta get me one of those for my swing auger!!

Wanted: sample durum with minimum 60% HVK. Read and re-read that.....anything wrong?

[Rareearth]

Sorry farma. I happy, satisfied and glad 101 posted the pricing. This is valuable info. I treat this type of info as a opportunity to hold, speculate, plan, buy sell for farm needs etc. If I could predict the future things would be different, a lot different.

Also Mallee thanks for your posts as well, markets etc

We have all the same info, market pricing etc as the big guys. Many on here suggest we know more on production prospects than the big guys. Why then can't we leverage, speculate better as for own advantage ?

[farmaholic]

Rareearth, my yawn was towards the poor quality comment(no offense Jagger).

I'm with you 100%. Interesting chart.

By the way...our 2016 durum is still on the farm!

There's alot of truth and sarcasm to my previous posts.

So yes, thanks 101, for the chart.

I'm sure you might have even more value to add?!?!?!?!?!¿ ;-)

[Daylate]

Wait patiently. Durums gonna make a big move up. I know this for sure because I just signed a contract today on half my old crop,lol. Your welcome

[farmaholic]

Wait patiently. Durums gonna make a big move up. I know this for sure because I just signed a contract today on half my old crop,lol. Your welcome

Did you have decent quality (tongue in cheek) to start with? Or are you beginning to see "grade bending" already!

Edit:
Forgot to say thank you.

[Daylate]

Definetly "grade bending" HVK is good but is 4.3ppm vomi. Couldn't get $5.00 out of it all winter. If I can stay at that level, it will work out to a little over $8 at our yard. So hopefully all goes well. Looking back it looks good. But looking forward, I might be losing some potential not holding it another couple months.
We've got a slow motion train wreck happening around here right now. Sickening to watch the crops drying up like this.

[farmaholic]

Definetly "grade bending" HVK is good but is 4.3ppm vomi. Couldn't get $5.00 out of it all winter. If I can stay at that level, it will work out to a little over $8 at our yard. So hopefully all goes well. Looking back it looks good. But looking forward, I might be losing some potential not holding it another couple months.
We've got a slow motion train wreck happening around here right now. Sickening to watch the crops drying up like this.

Yup, we are on that same train. Every day that goes by without a meaningful rain, this crop gets smaller! There's going to be some long faces and tough times ahead for some guys, feel sorry for the young aggressive hard working guys. There is a reality check/cheque about to be delivered in parts of Western Canada.

[farmaholic]

[QUOTE=Daylate;350577]f I can stay at that level, it will work out to a little over $8 at our yard./QUOTE]

What the hell you mean by that....load by load under the electron microscope analysis? You mean a very very representative bin sample isn't good enough!? Have to pick the shit out of every load in hopes of finding something worse than the overall bin sample average? And either discount it or make you feel guilty that they are extending you a gracious break? God have mercy on their cold soul!

[biglentil]

My durum screenings came back at 6%fus 6ppm vomi. Might need the bin space for harvest where can a guy get top dollar? Getting $3.75 offers.