Grain Marketing ...

[farmaholic]

I've seen some fantastic "looking" lentil crops in the area and south of Regina. But how long before the dreaded yellow areas start to develop?

[Guest]

Likely, at the price I sold it at they will fill it with someone else's.

if its a real good price you can sell them also
sold some $10 pea contracts a few years back , made a good profit

[malleefarmer]

Good correlation

[farming101]

Here is a chart to go along with yours.
Monthly closing price.
Showing Chicago wheat premium over corn

[beaverdam]

Markets Wait For The Coming Heat, from Allendale

https://www.barchart.com/story/futures/grains/89472/markets-wait-for-the-coming-heat https://www.barchart.com/story/futures/grains/89472/markets-wait-for-the-coming-heat

[blackpowder]

Sorry, i mean if farmers never pre-sold.

I always fear not having the pre-sold grain, along with everyone else and the price going crazy.

I'm conservative, say 10 + b, until I see it up, see moisture in soil. Comfortable 30+ after emergence.
I'd go towards 50 now, except what if it freezes and it's feed?? Yup then I'm scrambling..
Again just me. But I simply cannot afford to store it. Or dry it. My trucking costs are effectively zero because of distance to terminal.
I think I'm $6.80 on CPS and $7.30 on HRS. And yes, I'm in the wind for quality loss. To each his own.

[farmaholic]

BP, you're lucky with better grain prices closer to the west coast. A bit of an advantage. The Slum of the Ghetto is about the east-west mid point between ports.....therefore probably some of the highest freight rates.

I priced some canola the other day.

I usually won't preprice but surely I can sc**** up 6 bpa!!!

[beaverdam]

We're roughly the same longitude as you farma, saw $7.25 for #5 durum this week.

[malleefarmer]

CBOT Sept wht up A$3.28/t & Dec up A$2.90. The correction in wht prices from last wks high might have been overdone. Chinese demand for corn may increase after severe floods. Russian wint wht ylds below expectation & spring wht areas still warm & dry. Farmer selling has slowed.