Latest wheat marketing

[farming101]

Think my calculation correct.

Wheat forwards here got as high as $9.59 cents per bushel back in April. $356 per tonne.

Did you guys have same opportunity? Legit question what was your peak?

PS I didn’t get it got it on way up but not peak.

Many farmers here sold 100% of expected production at that , well if we can’t produce or deliver we will just buy other farmers to wheat to fill contract.

This year masterstoke balls of steel to do physical at those levels. Doesn’t always pan out that way.

Sask3 or chuck someone might reply what was your peak the above 356 is port price $326 on farm. If ya can convert to $per tonne helps my simple mind

Starting to think Aussie crop is gonna be mega with huge exportable surplus which we ain’t had for years

Not even close. As Case says there were some nice premiums for high protein but standard 1 13.5 didn't get much higher than 250 CAD in any forward month going back to January 2020 delivery month.

Don't forget last spring the Aussie dollar was in the basement. Didn't hurt your price quotes

[bigzee]

Have around 12k left, 7500 of it is a 1, quoted a price of $5.37, 2 was $5.27 .... crooks are out in full force.
Are we in 1975 ... absolutely pathetic how we as farmers are being treated? Oh right there’s a huge crop on its way. Good luck to all we are all going to need it.

[wmoebis]

You can't store grain hoping for price to go up it will spoil in the bin the market knows that.

[malleefarmer]

Not even close. As Case says there were some nice premiums for high protein but standard 1 13.5 didn't get much higher than 250 CAD in any forward month going back to January 2020 delivery month.

Don't forget last spring the Aussie dollar was in the basement. Didn't hurt your price quotes

Yep currency was 55 to 58 range for a rew weeks wasn’t yours down as well same time?

[SASKFARMER]

Dry grain doesn't spoil in the bin. I remember going to an auction down south of Swift years ago. Bins labelled for each year and most were 8 years or more old.

We are getting screwed as farmers and its all because they have us, idiots, by the balls.

Equipment is insane.

The seed is insane.

Fert is down but wait it' is going up.

Chemical is insane.

Rent is insane if you rent.

So show me the money is gone.

[farming101]

Yep currency was 55 to 58 range for a rew weeks wasn’t yours down as well same time?

It was but not as much as the Aussie. Middle of July just passed we had nearly the highest street price offers of the crop year. Has dropped a bunch since then

[bigzee]

Dry grain doesn't spoil in the bin. I remember going to an auction down south of Swift years ago. Bins labelled for each year and most were 8 years or more old.

We are getting screwed as farmers and its all because they have us, idiots, by the balls.

Equipment is insane.

The seed is insane.

Fert is down but wait it' is going up.

Chemical is insane.

Rent is insane if you rent.

So show me the money is gone.

Renting land at $80-100 ac with $5.75 makes all the other inputs look pretty cheap.
Rent more to say your farming more seems to be what most are doing these day’s.
I personally gave up 30 quarters of rent 3 years ago .... best thing I did.
The few dollars you make isn’t going to replace machinery that has put more hrs and wore out on someone else’s land.
I’m now farming what I own and enjoying my life.

[Rareearth]

Wait until the landlords in western Canada get organized like the USA landlord associations have.

[wmoebis]

Wait until the landlords in western Canada get organized like the USA landlord associations have.

LOL Landlords are mostly all retired farmers they will never get organized or they will have a hundred different associations.

[Rareearth]

But... once the next generation has it, or in general absentee landlords