Market talk - will durum hit 25 bucks?

[helmach]

[newguy]

18.50 just posted for #5 durum.So the spread is still real small compared to other years when quality was a concern.

[burnt]

What does this mean?

https://www.producer.com/news/top-durum-buyer-may-slash-demand/

Turkey now allows 100% soft wheat for export pasta production.

We saw a very good, most high quality, soft wheat crop here this summer. Until the rain brought some sprouts and related quality issues, it graded mostly #2, no discounts.

Oops, when the elevators started shipping it to port or users, suddenly they were shocked - I mean SHOCKED - to be getting big discounts for low falling numbers. With complete unpredictability as to when their next load might be hit - the "problem" is a logistical nightmare for the elevators.

Nobody saw this coming.

Color me calloused, but after sweating over possible grade, moisture, sprouts, etc at the scales when sending out grains for my entire 40+ year farming career, I am finding within myself a complete dearth of sympathy for them.

[shtferbrains]

https://www.nwgrgr.com/

Prices out of PNW in the Palouse. They similar problems with weather

Inaresting canola price but not sure of unit size.
Maybe $33 usd per 100?

[dave4441]

I sold 100% of my durum yesterday. Between a 14 bu crop and crop insurance I am at 375/acre. I can't afford to sit on the grain and blindly speculate when I targetted $280 last spring. This is what will pull these markets down. Might go to $25 first but at $375/Ac it's a sell for me.

What about the 35 or 40 bushel guy in the SE? Likely he needs to see the market drop before he will pull the trigger on unsold tons.

[AlbertaFarmer5]

https://www.nwgrgr.com/

Prices out of PNW in the Palouse. They similar problems with weather

Inaresting canola price but not sure of unit size.
Maybe $33 usd per 100?

I seem to recall that their canola price is per hundred weight.

Works out to $20.88 Cad per bushel. Very close to our current price.

[jazz]

I can't afford to sit on the grain and blindly speculate when I targetted $280 last spring. .

This is the dilemma. Can it go higher? Sure, it could needle up over the next few months, but if the economy goes off the rails, it could get dragged down pretty hard.

My instinct is to let er all go this fall and take the W.

[newguy]

This is a year you do not have a clue who has the good crop and who has not by a drive by.Values of crops will vary more by marketing than by yields .

[sumdumguy]

The guy havingnew bins delivered is the winner.

[shtferbrains]

The guy havingnew bins delivered is the winner.

And the bags

[beaverdam]

Seeing $22.40 at local rp tonight #1 13.0