Viterra wants grain!!!

[wmoebis]

Realize this is now hindsight but, Minneapolis spring wheat put options have been effective in a marketing plan capturing the summer spring wheat rally . . . .

Agree but why didn't grain Co's sell at that price and be able to still offer it to us now?

[LEP]

... I think they probably did.

[woodland]

I could get $5.25 in my yard for dry 58 pound feed wheat. It goes to chilliwack for buzzards or magpie cow munchies. Although I just bought some spring thrashed wheat for $1.00....... The cows will enjoy it in January though. Nobody tell them I sold the "pretty stuff" or else I may have a revolt. 😉

We only grow feed wheat since I'm not sure it's worth the hassle to get the premium most years. You guys have more patience than I.

[danny W1M]

The one nearest me is only buying canola, has been that way all week. Sounds like it'll be that way most of next too. Regularly shipping 120 cars out at a time.

[sk_wheatking]

Hurry! Price increases soon!


Just on inputs though, according to the commercials on ckom

[tweety]

Maybe the grain companies are taking a page from the Ag Data companies that keep getting sold for millions and billions. Farmers are dumb enough to give/pay to give data away, maybe they will give the grain away too.
Oh right, you also get to pay for a BS prescription map based on US greenhouse research from the 40's. Ya that's value.

Worth a try.

Heck, some even might pay the trucking.

[furrowtickler]

Very good post Tweety . 👍

[BreadWinner]

Todays deal!!!! Quick before its all filled up!!!
Have 1cwrs Low PX Wheat ? Oct del $4.70 Dec $4.88 May $5.46 Jun $5.50 July $5.57 or try TPA's Compliments Viterra

[wmoebis]

Just wondering Is there anyone out there that feels like Ritz fixed our wheat marketing problems.

I hear all the same complaints except it is not about the CWB anymore.

[Oliver88]

Todays deal!!!! Quick before its all filled up!!!
Have 1cwrs Low PX Wheat ? Oct del $4.70 Dec $4.88 May $5.46 Jun $5.50 July $5.57 or try TPA's Compliments Viterra

BAHAHAHA....

Unfortunately some farmers will call in and sell at those prices.

[HITTGrapevine]

Pooled grain = market power.
You don't even need elevators any more, like the old wheat pools had a century ago.
This might seem like a far-fetched idea but prairie farmers pooled their grain 100 years ago when they got sick of taking it up the ass.
And, there were a lot more farmers back then than there are today, so organizing should be a lot easier now.
Just requires leadership and committment among the guys who are getting hosed year after year.
Might not be a popular message for a lot of farmers that use this forum.
But I'm NOT suggesting that the CWB be resurrected.
Farmer controlled wheat pools were a completely different thing than CWB and they definitely put market power back in the hands of producers.
(Until they got hi-jacked and sold off to the likes of Viterra that is.)
How many farmers sold SWP shares for pennies on the dollar?
Or worse yet, hung on to them until they weren't worth the paper they were printed on?

[helmsdale]

Know of a fella that took a significant chance and presold a significant portion of this years production at that amazing $9.00/bu. His only mistake was assuming because of the hot dry weather he would have decent protein so booked a generic #1 13.5. Started hauling it in, and the Px tests in the low 10s. Elevator says don't bother bringing anymore, they don't want to tie up any binspace with low protein wheat. Of course, one is not able to lock in the protein spreads at the time of the contract so by the time they get deducting their way from 13.5 to 10 or 10.5 he's hardly any better off than taking the pit price right now.

Only upside i could see is if he decided to let the contract go, and broker it out for someone else to fill who has high protein.