End of the Week Thursday Report.

[farmaholic]

I agree bucket.... but this is the equivalent to spot pricing..... Not months down the road. This is current shit.

[farmaholic]

The message here was "mitigate the downside"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !

[bucket]

Yes but if I know that a 13.5 px is worth 8 bucks in February for September delivery.....it's would be nice to know that 12.5px is a 35 cent discount in February not a buck in September ....

You could sign a 12.5px contract and like to know what the premium to 13.5 is as well...

Durum has no protein premiums which is stupid but the end users are good with a 3cwad....so who gives a shit. ...

I think we are on the same page.....just wish the contracts were better defined....so much for a modern grain industry. ....we haven't adapted falling numbers for grading yet....

[bgmb]

PX machines are only accurate to with in .3 so price of grain should be based on .3 tolerance.
Who do we get to Lobby for these kinds of changes?

yes that is the other problem some elevators make sure their testers are reading a bit low but i think that has been going on since the beginning of time.

[Hamloc]

My own experience marketing low pro wheat has been interesting this year. Only grew one quarter of hard red the rest was CPS. Protein on CPS ranged from 11.1 to 11.6. Protein on hard red was 11.7. Before christmas best price I could get was 6.16 for March. Didn't sell. Took samples to local ethanol plant that also mills wheat to sell gluten. Best price he could give me was $5.50 on farm, first week in Jan. At that time best price was $5.85 at Pioneer, the same place that was $6.16 before Christmas. Best price from Viterra was $5.50. Now last Monday wheat started to climb a bit and the CAD softened a bit. By Wednesday pioneer was back up to $6.16 so I sold it all. Friday USDA report comes out wheat goes back down. Now did I sell to soon, probably, but wheat has been fairly flat and elevators are full to the brim here with low pro wheat and show little interest. In this case certainly glad the CWB is gone, I set a goal of getting $6 and was lucky enough to get it. With CWB you shipped it and took what they gave you, you had no control.

[malleefarmer]

You guys dont get fixed spread contracts and floating spread? Its your call when you sign up. Known price known spread others if you think they may be a premium go for floating.?

Maybe your marketers are a bit behind with various options

[SASKFARMER3]

I think we are behind with our contracts. Grain companies win every time in canada

[bgmb]

Fact is every year they seem to find a way to steal .25 to at least .50 per bu. Usually off the combine is the worst almost worth just selling canola and binning wheat till after they are done praying on the off the combine crowd. Although this year we delivered a bunch of wheat early before they had a chance to widen protien spreads to that was nice. Anyway fuz, mildew, low falling number, low pro, ergot and the list goes on there is always some way to discount the wheat that is pre contracted.

[bgmb]

Oh and might I add no market transparency Ritz said we didnt need it lol. Who knows what the real protien discounts are for sales made out of prots we have no way of knowing.

[farmaholic]

Oh burn BGMB.... you are so right...they have a huge arsenal to use. There's always something.