Markets today ....

[Bowerpower]

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.

I here ya. Production Risk involved can bite ya. Supposedly there are things you can do. Buy options, futures account, hedging. All things I don’t do. Well I have with Cargill attach an option to sales but they aren’t usually cheap and expire worthless but is a form of insuranxe. I as well pre sell 25 or so of production to have cash flow and some input costs covered.

[farmaholic]

With my Nexera contract there is an AOG on the basis. But as soon as I lock in a futures value....I'm committed and the AOG ceases. Now I don't know for sure if the contract allows me to price a portion of the 30 bpa AOG(basis) and only be committed to the portion I priced or the whole 30 bpa becomes deliverable. I suppose I should ask that question.

[Bowerpower]

With my Nexera contract there is an AOG on the basis. But as soon as I lock in a futures value....I'm committed and the AOG ceases. Now I don't know for sure if the contract allows me to price a portion of the 30 bpa AOG(basis) and only be committed to the portion I priced or the whole 30 bpa becomes deliverable. I suppose I should ask that question.

Yes you can only price a portion. Only committed on tonnes you prices out futures with

[bucket]

I have seen the best prices of the year off the combine for lentils only to be wishing I would have kept hauling because the price by the following spring was worse or no better for storing it......

[farmaholic]

I have seen the best prices of the year off the combine for lentils only to be wishing I would have kept hauling because the price by the following spring was worse or no better for storing it......

Heaven forbid that hapoens this year with the current prices on offer.

[farmaholic]

Make sure to blend in some generic to the nexera !

What percentage do you blend in?

[farmaholic]

I don't grow/support that scam !

But Louis Dreyfus dumps generic in their nexera bins !

Lol....what a guy.

This year I am getting a $79.40/tonne premium to grow a genetically inferior variety....lol
Pretty much sums it up, doesn't it?
Mind you, I will almost be able to sing Happy 1st Birthday to it before it leaves....unless they want it earlier in which case they can have it. I'm with another GrainCo.

But I ****ed up marketing last year's production...just like I did the generic. May have got a higher price for it than generic but left almost the same $/bu on the table as I did with the GMO. .....MY BAD!

[farmaholic]

Slow, ĺethargic, under performing. Doesn't have the genetic potential as the other "brands".

Don't grow it, it's like organic farming. There's no money in it and you have zero bragging rights on coffee row.

[fjlip]

Slow, ĺethargic, under performing. Doesn't have the genetic potential as the other "brands".

Don't grow it, it's like organic farming. There's no money in it and you have zero bragging rights on coffee row.

Gee sounds like Trueflex 94CR, slow, thin pods, still weedy...new tech ya right. Would their stacked seed be any better?

[bucket]

Lol....what a guy.

This year I am getting a $79.40/tonne premium to grow a genetically inferior variety....lol
Pretty much sums it up, doesn't it?
Mind you, I will almost be able to sing Happy 1st Birthday to it before it leaves....unless they want it earlier in which case they can have it. I'm with another GrainCo.

But I ****ed up marketing last year's production...just like I did the generic. May have got a higher price for it than generic but left almost the same $/bu on the table as I did with the GMO. .....MY BAD!

So you are being paid more for growing less?????

WTF??????

[farmaholic]

Stop the flow of grain into the grain cos !

Don't sell at these prices !

Guys are saying we shouldn't talk in riddles, but this question will come across as one....

"So, is the grain the GrainCo is buying from us already sold to someone else before they bought it from us?"

Hope I'm not beginning to sound like Dr. Seuss.

[furrowtickler]

Don't let em steal this crop !

Mother Nature May do that first