Markets today ....

[farmaholic]

Old timer told me you should have enough storage for two crops. He may be right considering how long it might take for commodities to rebound. I wonder how many canola cash advances I need to cash flow that.

....then maybe GrainCos and buyers should have enough storage to take immediate delivery( or as soon as it's available for delivery) of everything they contracted, instead of storing it at our expense and risk on our farms when it was priced weeks or months in advance!

[Herc]

Fert going up, grain prices going down, and my patience wearing thin.....nobody to blame but myself, shoulda been a crooked politician.....

[farmaholic]

Fert going up, grain prices going down, and my patience wearing thin.....nobody to blame but myself, shoulda been a crooked politician.....

Speaking of fert, will anyone store all the fertilizer you bought up to 9 months in advance of when you need it?
The big push now is to buy and take delivery of fert in July/Aug/Sept.

So now you can tie up potential grain storage with "cheap"(cough-gag-puke) fert and take shit fall grain prices you don't have room to store

[farmaholic]

The hypocrisy, double standards and one-sidedness of this Industry is mind boggling.

[farmaholic]

But remember, no one wants the grain, BUT I bet they would buy every bushel of green peas @ $7.50 and every bushel of #1CWRS @ $5.75 I would sell them.....ON THEIR TERMS!!!!

[bigzee]

Speaking of fert, will anyone store all the fertilizer you bought up to 9 months in advance of when you need it?
The big push now is to buy and take delivery of fert in July/Aug/Sept.

So now you can tie up potential grain storage with "cheap"(cough-gag-puke) fert and take shit fall grain prices you don't have room to store

The big push not so long ago was to book your airdrill in July to guarantee you had by the following spring, wonder how many are doing that now???
Between 2 dealers I drive by think there was one pre bought in likely Feb.

[farmaholic]

Oh oh oh.....and don't forget to put in your grain price targets! So they can all hang there in LIMBO on the GrainCo tree of Target Prices....then they can pick all the low hanging fruit first before they have to reach for the higher hanging fruit ......and allow it up the golden bricked driveway before it passes through their pearly gates of acceptance and then "judged" on its merits and worthiness of their possession.

[furrowtickler]

Nothing new. Never any decent cash bids at harvest. Either presell or store it. And there was 7.40 new crop cwrs bids too at one point. Just saying
But yes prices are terrible. Hopefully the bottoms in.

Agree ,but last year we “pre sold” 2000 tn of wheat ,got 700tn in then it snowed ... for 3 weeks . We got taken to the cleaners by the time we harvested feed wheat ..... pre selling can be costly....
we did not do any this year partly because of that and because of the extremely dry conditions until July.
We usually pre sell 30-40% .
Looking back yup , should pre sold some , once bitten twice shy though.

[furrowtickler]

Specialty canola another example.
One local farm contracted a pile of it last year , got froze then snowed on . They got it off but had to buy out a big chunk of that contract. Nearly sunk the farm .
A local farm this year had close to 2000 ac of nexera , contracted for $12 plus .
Great idea , but lost most of it to poor germ and heavy flea beetle pressure due to dry conditions in early June . Reseeded in June 16th ..... its still flowering a lot
It may make it , but if it don’t .... that could cost them a huge fortune.

[Oliver88]

Specialty canola another example.
One local farm contracted a pile of it last year , got froze then snowed on . They got it off but had to buy out a big chunk of that contract. Nearly sunk the farm .
A local farm this year had close to 2000 ac of nexera , contracted for $12 plus .
Great idea , but lost most of it to poor germ and heavy flea beetle pressure due to dry conditions in early June . Reseeded in June 16th ..... its still flowering a lot
It may make it , but if it don’t .... that could cost them a huge fortune.

There is a list of reasons why there is a premium with specialty canola.

[Sodbuster]

We won’t presell any grain unless it has a act of god clause, alternatively we use futures if we want to presell, that way we are not committed to any one grain companies.

[furrowtickler]

The big push not so long ago was to book your airdrill in July to guarantee you had by the following spring, wonder how many are doing that now???
Between 2 dealers I drive by think there was one pre bought in likely Feb.

Lol yup , they are most likely sweeping the floors this summer trying to keep busy.