Originally posted by AlbertaFarmer5
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Originally posted by GDR View PostThe buyer I deal mostly with said he has booked a good portion of his needs as corn. Said pricing on corn Nov forward drops quite a bit as now new crop. Said most Alberta elevators are bringing in supply. They feed mostly chickens and dairy, there is a max amount of corn they can use for the chickens due to fat and meat color but dairy is fine going straight to corn. he thinks there is downside to feed grains but says it's not gonna crash.
Said corn wouldn't start coming in until new crop, meaning October. Which is what the offer on Agfinity is showing at $9.22 out till December. But that could be wishful thinking on the sellers part.
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High priced feed for sure.
This pre-buying is what should have been going on last year, but instead the barley got shipped out to China.
China spot corn - 525 CAD/t
US outstanding export sales 24.2 mmt. Last year, same time frame, was 19.3 mmt
Note: September WASDE raised China's beginning stocks, production and ending stocks of corn for 2021/22
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Originally posted by AlbertaFarmer5 View PostWe might be talking to the same buyer?
Said corn wouldn't start coming in until new crop, meaning October. Which is what the offer on Agfinity is showing at $9.22 out till December. But that could be wishful thinking on the sellers part.
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Originally posted by jwabRereading this thread it appears to me barley is the one crop with not a lot of upside, would anyone disagree?
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