Wheat contract real life me.

[blackpowder]

Ya, I'm getting a bad feeling about my specialty greens. Thinking I missed the boat so to speak.

[malleefarmer]

Contracted wheat shifting next via bulk vessel.

Remaining wheat also next week as well.

Might as well tell ya the remains I’ve had on a offer board via my broker. Buyers check offer board daily. Offers quoted mine was $300 ex farm. Low protien wheat.

Broker rang this morning said two buyers contacted them. One on$292 other $289. Said sorry no deal.

Rang back a bit later said another buyer staggered delivery over 3 months $302 payment 30 days end of week last load.

Will ponder was all I said.

Mentioned to trucker were #hifting wheat next week. Ok he said. What about the rest ADM are offering top money today.

Bugger me dead broker rings right on contract timecdeath knock, ADM will take your wheat next week want it all in 10 days. $300 and the clincher maybe 2 day payment from last load.

Jumped the gun maybe done dusted and wheat market ain’t gonna run away on topside in oz domestically due to supplies.

Did ask broker hypothetically if futures rise say 70 80 cents a bushel cbot what effect on domestic price here said maybe a $5 rise if that basis just shit. Whereas if I lived in western Canada with unsold wheat probably no brainer to sit. Barley market here cooled dramatically last 2 weeks

[malleefarmer]

Worded that wrong, the clincher maybe was the 2 day payment

[Old Cowzilla]

Anybody know what % of containers go back empty on a normal basis. I have been to city to pick up old containers people buy for storage. Some are like brand new and I can't figure out why they have been decommissioned .

[blackpowder]

Good question. At one time it was cheaper to use once than ship back.