Wheat what do you read into comments like this?

[LEP]

In Egypt, the country’s minister of supply and internal trade said that its current state wheat reserves are sufficient for the next five months.

5 months time they are hoping prices will be lower?

5 months time prices might go higher as nations look for wheat and may be in short supply.

Its hard to join the dots when your a amateur like me.

Information overload at times.

Another from last night was something like “wheat mixed overnight as lots of fund technical manoeuvring took place”

Howvthe heck are farmers meant to know what technical manoeuvring is farming101+ macdon errol etc might be up to speed but im in the back corner of the class or out in the corridor doing time out.

Ps were done harvesting more pics in a few days

Not sure but Eqypt often makes a wrong move on the market.

China is a much better at market reading or leading the market.

[rumrocks]

Yea they are snooping around.

They always want the very important bushel number on the sample bag.

[malleefarmer]

Some of you guys really see the market as your enemy.

Myself here sitting on 800 t of wheat.

Sold out of barley did i get the top at harvest no, but within 10%.
Foward sales of barley did i get the top no but close. Combine the two fair price.

Wheat similar story.

Last 800t have a target price 3 buyer's i deal with mostly know the target. Basically has to rise another $18 per tonne.

If and when it gets there will be executed done and dusted. If prices keep rising i will swing to pricing new crop nov dec delivery no science here. Brokers saying i should sell wheat now and replace on paper if i want to capturevthe $18 rise. Each to there own.

Im sure some of you no way would you let buyers know tonnes and price wanted. Just the way we do it here.

I many many farmers tell buyer i want x dollars gets to 3 bucks near it they ring buyers say nope no deal i know want x plus 5 get close to target rinse repeat. Buyers just dont deal with dickheads here. If ya wanna play that game dont tell buyers your price wanted. Often those guys market collapses there left selling $40 below the best offer they had.

Im fast learning we sure do things differently here. Dont mevyou guys are wrong at all just mindset different.

[Old Cowzilla]

They always want the very important bushel number on the sample bag.

I aways give them the same answer when they ask ,you know ( a couple of loads ). I guess farmers get a little paranoid when everything they buy has gone up 3 or 4 times in cost but they still receive the same price from 20 or 30 years ago.

[GDR]

Some of you guys really see the market as your enemy.

Myself here sitting on 800 t of wheat.

Sold out of barley did i get the top at harvest no, but within 10%.
Foward sales of barley did i get the top no but close. Combine the two fair price.

Wheat similar story.

Last 800t have a target price 3 buyer's i deal with mostly know the target. Basically has to rise another $18 per tonne.

If and when it gets there will be executed done and dusted. If prices keep rising i will swing to pricing new crop nov dec delivery no science here. Brokers saying i should sell wheat now and replace on paper if i want to capturevthe $18 rise. Each to there own.

Im sure some of you no way would you let buyers know tonnes and price wanted. Just the way we do it here.

I many many farmers tell buyer i want x dollars gets to 3 bucks near it they ring buyers say nope no deal i know want x plus 5 get close to target rinse repeat. Buyers just dont deal with dickheads here. If ya wanna play that game dont tell buyers your price wanted. Often those guys market collapses there left selling $40 below the best offer they had.

Im fast learning we sure do things differently here. Dont mevyou guys are wrong at all just mindset different.

I'm sure there are differences, but I think the sentiment towards buyers on agriville is exaggerated and doubt the individuals are as cranky with the buyers as they like to portray.

I have good relationships with buyers I work with, honestly believe they try to help me out when I need it. If I don't like their price or terms I find an alternative, of which there seems to be more options every year.

[GDR]

They always want the very important bushel number on the sample bag.

I understand the resistance to volunteering info. However do think it helps them plan, which helps us. They are not gonna book a train and post a decent price for a specific spec if its not available locally. If they think they can match both a sale and purchase thats when basis narrows.

[malleefarmer]

I'm sure there are differences, but I think the sentiment towards buyers on agriville is exaggerated and doubt the individuals are as cranky with the buyers as they like to portray.

I have good relationships with buyers I work with, honestly believe they try to help me out when I need it. If I don't like their price or terms I find an alternative, of which there seems to be more options every year.

No huff and puff and bravado here we all just do business.

Sell when ya wanna sell hold when ya wanna hold.

Read a report this morning attica grain brokers i think out of EU somewere there suggesting record world stocks when its finally collated. Not sure when that is end of jan feb?

Errorl farming 101 when does wheat tonnes year start and end?

Harvest still going on in HRZ areas of vicotoria and tasmania. Another 3 weeks and australia done.

[blackpowder]

Now I'm wondering if its just western Canada farmers.
Complain and distrust. ??

[malleefarmer]

Now I'm wondering if its just western Canada farmers.
Complain and distrust. ??

Wasnt a shot at ya sorry.

Just today saturday mid morning a lull in cash pricing , one a weekend two harvest 99% done in my state so quite market wise.

So only 8 buyers operating today $12 spread between top and bottom.

[malleefarmer]

Edit all it is a quick clik of computer screen and job done no need to ring company or broker. Enter your tonnes and grade hit accept pour your coffee come back to computer usually donevthat quick.

Payment between 3 ans 19 days depends buyer.

If ya dont like the price come backnext week or next month pick you buyer and quatity again rinse repeat.

Next week might get a leg up here currency down futures up