Global Investment here

[malleefarmer]

Quadra Commodities out of geneva increasing there footprint in australia.

Building bunker storage and lentil sheds about 220 kms away from me to far to be any use to me.

Storage facility is open to all warehousing options and 3rd party access meaning other companies have access to facilities for storing and or buying. Govt approval not giving if access not granted.

Love to have extra storage options locally. These sites springing up everywere here.

More choice the better

PS they better rattle there dags if there gonna finish before harvest

[jazz]

mallee, I just cant imagine having unpriced, uncontracted crop sitting in someone elses facility. Very different down there. Dont you guys use bags?

[malleefarmer]

mallee, I just cant imagine having unpriced, uncontracted crop sitting in someone elses facility. Very different down there. Dont you guys use bags?

Sure bags steel sheds but question asked why when you can take to elevator or bunker site, insects and other associated storage issues, for most part free from nov to end of feb then $1.60 per month till july then ibthink its $3.20 per month after that.

You worry is what jazz?

Its been the way here for really dont know guessing 20 yrs even 25.

You dont have to disclose your tonnes but total tonnes in storage known sold and unsold.

Guess we have different mindset than usa canadian when itscomes to marketing storing grain.

Maybe our market is more liquid im stretching it a bit but you can almost trade gra8n here 24/7 Well during harvest and months just after.

I dont mind warehousing a % let the buyers come to you. They know its there you say yay or nay. Market runs up ring bang deal done. Some days prices here change hourly not often, some pull outof market by midday on those helter skelter days.

[jazz]

You worry is what jazz?

I guess canadian farms are more obsessive about control maybe because we had none for so long.

And also, I like the trade not knowing exactly what is out there in storage.

I have seen some farmers store crop for 5 yrs.

[malleefarmer]

Traders aint stupid they have a fair handle on things.......govt forecasters well thats a different story.

I should have cut and pasted it a few weeks back but didnt, maybe 3 but canola buyers here saying canadian crop is way over estimated maybe 5% even more, and comment from traders here watch this space dont be in any hurry to sell. Wait for a two months even harvest peak could bevthen.

So this was traders telling aussie farmers to wait for better prices but i tell $580 think peak last week plus oil bonus is hard not to ignore. Can pick up bucks with oil bonus here.

AOF standard is 1.5% premium or discount of price for every 1% or part thereof above or below 42%.

Should have goodoil this year.

So bonus for above at say 43% is $8.70 extra per tonne.

Thats the catch here with canola low oilsell flat price high oil use bonus contracts. Bonus same australia wide.

You guys have same pricing system for canola

[burnt]

I guess canadian farms are more obsessive about control maybe because we had none for so long.

And also, I like the trade not knowing exactly what is out there in storage.

I have seen some farmers store crop for 5 yrs.

Our experience demonstrates that we started making a significantly better margin after we built our own on-farm storage.

This is the result of several factors - one is that the elevators don't handle our crop for free. There can be as much as a 10-15 dollar/tonne handle charge, or "elevation charge' when we dump our crop into their receiving pit.

Whether one sees that as a discount to the producer, or a charge to the end user makes no difference - it's money that I keep in my own pocket once I market my grain out of my own facility.

Another is that when shipping direct to a user, I have much more control over grading matters.

For instance, last year we had a poor crop of wet and very light-weight corn. Had to go to an elevator with it since I couldn't work with that kind of corn in my storage. So I took a grade discount of $8.00, lost the handle fee - say $12.00, lost my non-GMO premium - $20, and had to pay commercial rates for drying very wet corn, perhaps an additional $10/T.

Plus I had to truck it to the elevator rather than having the customer pick it up at my bin -another $8/T minimum.

My neighbour had identical cropping problems but could work with them in his superior drying and storage system. He kept the entire end-user price for himself rather than giving it away to the elevator like I did.

And as far as pricing, it's easier to be patient for a better pricing opportunity when one isn't paying monthly storage fees.

The two last years' crops - one suffering from vomitoxin issues, and last year, high moisture and grade issues -were somewhat anomalous in running up extra costs, but the fixed costs alone are substantial.

It's not hard to see that in my own marketing environment, home storage pays a huge dividend, even in "good" years.

But one has to do whatever works best in their own situation.

[malleefarmer]

Shipping to endusers agree.

Can you store 4 months forvfree then 1.60 per month after.

Its mix and match here we have both dont get me wrong.

Our harvest is unique on the export front last cab of thevranks so to speak.

Yeah wheat harvested around the world every month but export wise were last can be blessing or curse.

You guys often talk of grading issues bit foriegn to me we have tight restrictions on grading and any accompying shenanigans from elevators.

If you have issues at one elevator take it to another who might have slightly different specs. Specs at each elevator are known as are thecstacked averages of each.

Real interesting to me comparing plus and minuses of your system versus ours.

Conversely i know 1 big end user prefers to buy out of cetralized storage facilities he is gettingga known product with known specs.

[malleefarmer]

Harvest started in southern qld dunno if you guys grow chickpeas.

Coming in at 4.5 t ha to me thats mega huge, but apparently growers have said looked good all year about whats expected. And lentils 3 to 3.7 t ha top number 1 grade.

Dont know if thats good or bad or pitiful in eyes of canadian lentil experts

[farmaholic]

Harvest started in southern qld dunno if you guys grow chickpeas.

Coming in at 4.5 t ha to me thats mega huge, but apparently growers have said looked good all year about whats expected. And lentils 3 to 3.7 t ha top number 1 grade.

Dont know if thats good or bad or pitiful in eyes of canadian lentil experts

I would like to think most growers would be delighted with 50 bu/acre lentils at the current prices.

[malleefarmer]

I would like to think most growers would be delighted with 50 bu/acre lentils at the current prices.

Lentils mid 700s new crop here good bad dunno dont grow em

[furrowtickler]

Very interesting set up . Glad your showing us
It is very different than here , but at the same time there are more options showing up here as well . Also many elevators have increased or have plan Sc to increase capacity.
But no storage, basically must be contracted and priced before delivery. Even then delivery can be months behind in some areas.
It’s the total unreliability of our rain system at times. Very little has been invested in rail to improve the efficiency to get through the Rocky Mountains .
Storage facilities would help though when backlogs do happen.
As said most farms have been building their own storage , some big farms have far more than some elevators.

[jazz]

Traders aint stupid they have a fair handle on things.......govt forecasters well thats a different story.

Our traders and our govt are both stupid including private analysts. We have just seen that this yr with the canola production likely being shaved 10% at harvest after drawing in a bunch of pre sellers with bumper crop news.

And there are grading shenanigans here no doubt in my mind after the last 4 yrs.

I had canola with higher than normal cleavers (in the bags) and RP was determined that was sample after harvest. Nope couldnt blend it, not sure blah blah. 6 months later no concerns. Same as my lentils with durum in it and same as my sprouted durum from last year. Same as the grey canola this spring that magically sold as a 1.

The poor grain movement is both a blessing and a curse. Sometimes you catch those terminals empty with an unexpected train sitting on the siding and twiddling their thumbs in the office. Then the grading gets easier. I belive on farm storage is a big reason they never know whats coming and when. Its always better to keep the trade guessing IMHO. Who can last longer, me staring at my bins or 40 ships floating out in vancouver. Its a big game of who blinks first.

[WiltonRanch]

Our traders and our govt are both stupid including private analysts. We have just seen that this yr with the canola production likely being shaved 10% at harvest after drawing in a bunch of pre sellers with bumper crop news.

And there are grading shenanigans here no doubt in my mind after the last 4 yrs.

I had canola with higher than normal cleavers (in the bags) and RP was determined that was sample after harvest. Nope couldnt blend it, not sure blah blah. 6 months later no concerns. Same as my lentils with durum in it and same as my sprouted durum from last year. Same as the grey canola this spring that magically sold as a 1.

The poor grain movement is both a blessing and a curse. Sometimes you catch those terminals empty with an unexpected train sitting on the siding and twiddling their thumbs in the office. Then the grading gets easier. I belive on farm storage is a big reason they never know whats coming and when. Its always better to keep the trade guessing IMHO. Who can last longer, me staring at my bins or 40 ships floating out in vancouver. Its a big game of who blinks first.

This year’s canola crop is a good example of that. Satellite imagery and inadequate ground truthing will leave the shorts with long faces this winter. I think this area alone could be 10 to 15% behind last year, and this is high acreage region. The trade knows it but they don’t want to admit it

[furrowtickler]

This year’s canola crop is a good example of that. Satellite imagery and inadequate ground truthing will leave the shorts with long faces this winter. I think this area alone could be 10 to 15% behind last year, and this is high acreage region. The trade knows it but they don’t want to admit it

The “massive” carry over of canola was a great example the past year , even two years .
It diminishes credibility when the experts get caught with their pants around their ankles

[Guest]

and the huge ,huge, huge canola crop being forecasted by the experts still 2 weeks after the heat/drought event, they were all in on it , thats all we heard from the media , the marketing experts , the farm newspaper, every fk-n one of them
they fk-n lied to us again , and got hundreds of thousands of tons at $10 , again
bloodthirsty miserable pricks taking advantage of farmers with half a crop that desperately need the money