Flattered. But the second sentence was my poorly written attempt at sarcasm. To me some sound as if they must be the only ones in the world with those problems.
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Useless Canadian Grain companies
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What farmers need is some sort of coop that they own. That way with they're own company they can retain the profits instead of it going to corporate shareholders.
That would be great.
Oh and BTW every market analyst knows its true, farmers don't market anything. The grain market was never set up for farmers, it is for grain companies. Reality check time of just how unimportant you are in the whole market scheme.Last edited by tweety; Nov 2, 2017, 09:40.
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Originally posted by tweety View PostWhat farmers need is some sort of coop that they own. That way with they're own company they can retain the profits instead of it going to corporate shareholders.
That would be great.
Oh and BTW every market analyst knows its true, farmers don't market anything. The grain market was never set up for farmers, it is for grain companies. Reality check time of just how unimportant you are in the whole market scheme.
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Originally posted by tweety View PostWhat farmers need is some sort of coop that they own. That way with they're own company they can retain the profits instead of it going to corporate shareholders.
That would be great.
Oh and BTW every market analyst knows its true, farmers don't market anything. The grain market was never set up for farmers, it is for grain companies. Reality check time of just how unimportant you are in the whole market scheme.
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Grain markets arn't some secret society you have to get into to use.
In the US roughly 70% of farmers are using some kind of grain marketing tool on there contracts.
In Canadian that number is under 1%.
Most graincos or brokers offer options or other tools that anyone can use.
Lots of brokers and graincos have info nights where you can learn about these things and start trying to use them.
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For two commodities like corn and soybeans that don't have eight different classes and protein spreads to worry about .....you are right using futures for soybeans and corn probably makes sense....
Fora thinly traded commodity like canola and now no wheat durum or barley markets in Canada it's not the case. ....even American farmers talk about mpls as one to stay away from....
Now start talking about peas lentils flax and a commodity exchange. .....where are they? Peas and flax disappeared what 20 years ago.....
It's all noise.....
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Yeah crops that don't have exchanges you can't do anything with.
If your worried about how thinly traded certain ones are. Like Minneapolis Wheat. Certain brokers offer guaranteed liquidity in there options. It will cost more but they will take the risk if they can't find someone to make the other side of your trade.
I wish there was exchanges for more commodities.
Flax 1.1 million acres
Canola 22.8 million acres
I understand why though.
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Originally posted by Kinger View PostMost graincos or brokers offer options or other tools that anyone can use.
Lots of brokers and graincos have info nights where you can learn about these things and start trying to use them.
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Originally posted by farmaholic View Post....No Thank You. To me, if the GrainCo is encouraging you to sell your grain if you have the ability to hold it(not worried about storage risk or don't need cash flow) and take a futures position or buy options, that is self serving!
Yeah they make some money from selling the option. So does a broker. Grainco's i've found have been better to deal with for options. Cost is very similar between them both.
Why shouldn't they offer them? It's not hurting anyone and is another tool we can use to maximize profits/reduce risk.
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