Am I the only one,marketing.

[blackpowder]

Basis contracts can be shitty yes.
They have uses tho. Don't discard them completely.

[malleefarmer]

Re my wheat contract I spoke about earlier.
Vessel due early to mid March.

But still questions if they have enough containers.

Somehow gonna try to get first in line.

[blackpowder]

Dumb question. How much of aus crop relies on containers?

[malleefarmer]

Dumb question. How much of aus crop relies on containers?

Bugger all for wheat barley but legumes a lot I’d say.

Bulk shipping and containers short here.

Always premium price in container trade what ever the commodities

[malleefarmer]

I know some of you guys will laugh even disbelieve but some traders here are cash strapped especially the smaller ones.

Another reason for quiet market, they’ve gotta move what they’ve bought. Some of those guys are behind as well bulk shipments. Probably only a few weeks but same issues.

Sometimes during our harvest buyers just pull out vanished our books are full which means just that or there merchant banks have said that’s it’s no more credit to trading arm of your company.

Anecdotal heresay doing the round some small traders are on wrong side of the market with there canola hedging. Or backyarditis huge crop in oz small crop in Canada average in Europe got blindsided went through stops and are now bleeding hence canola market dead as a aged steak.

Other line of thought by some here on the jittery market, gonna take 4 or 5 non rain events for markets to move and only one big rain event to send it tumbling.

End users playing the waiting game just buying hand to mouth each week just slightly cheaper. They know farmers will sell soon for fertiliser and chemicals etc etc . Some years nothing easy about marketing grain here, but it’s reasonably orderly.

Bulk elevator system our local took in 500,000 tonne that’s counts other small elevators grain now coming into a central point. Could be almost 250 to 300k unsold. Latest figures haven’t come out. Still 15 plus buyers operating but Mexican stand off about $30 below prices of 4 weeks ago. Odd day one guy will bid above everyone else bang filled with a hour. Means there short on a vessel coming in.

[makar]

Got a very smart very lazy neighbor, when asked why he wasnt dealing with a heating pile of barley he replied i have no time for marketing. Me neither but i move what i can when i can and contract nothing. Not a recipe for greatness but i have survived, for me cash flow dictates.

[malleefarmer]

Got a very smart very lazy neighbor, when asked why he wasnt dealing with a heating pile of barley he replied i have no time for marketing. Me neither but i move what i can when i can and contract nothing. Not a recipe for greatness but i have survived, for me cash flow dictates.

I’m in awe of you guys at times lock the bins etc etc hold on for months. Here down under at times we need cash. No insurance or anything. Th8nk I read on agriville recently some one had 8 year old canola just wow factor. Rarely is grain held over here for more than 8 months and nearly always gone by harvest. Mega rich guys probably carry over at times