Grain Companies Delay Delivery up to three months further out can I send a bill.

[BTO780]

Wonder if the BC rail line closure is the reason for the delays or just a coincidence that is a good excuse. My grain buyer was telling me early on that grain companies were going to struggle to buy enough grain to fill ships after the harvest sales were delivered. Just like last summer, the prices rallied to make a sale and then price dropped right off as not enough grain offered to make a sale.

Some people hate GPO’s, but this year with the drought it is the only way the grain companies can get enough volume for a sale. Put your GPO in for way above market price.

I have put them in above market only to get them fired into file 13. The crooks won’t even take the ones lower then mine. Funny thing is some companies would sooner lay off employees then put prices up to buy grain and keep employees busy.
Right it’s all about the CEOs and CFOs and their year end bonuses.

[tubs]

Saskfarmer our commodity organisations commission should make a contract for the the farmers and have the companies sign those contracts and if the don't they get no grain pperiod. I don,t know why they always make you sign a contract for the overage just to kill more trees?

[wade]

Besides the BC rail problem, a lot of corn comes in by rail to feedlot alley.
I was told some of it was contracted a year ago.
In the past when we have had grain, it was great as they filled the cars while here with
contracted grain. Companies here were up to date on contracts while others
complained about late contract deliveries. Not much grain here this year so I assume
the cars either go back for more corn or get redirected to a terminal- time consuming.



And since I am logged in I will add- I would rather have a cocktail of the week with
Saskfarmer than some of the other members on here

Logging out

[bucket]

The BC disaster is going to throw a large wrench into movement for a while. And I think graincos will use it to their advantage for as long as they can.

[Stormin]

Saskfarmer our commodity organisations commission should make a contract for the the farmers and have the companies sign those contracts and if the don't they get no grain pperiod. I don,t know why they always make you sign a contract for the overage just to kill more trees?

Yeah, I haven’t been in the grain business that long but it immediately surprised me when our customers were making the contract forms. To me it should be the seller who supplies the contract and I have also been annoyed that the commissions aren’t involved…one of the reasons I find them useless and don’t support them.

[bucket]

Yeah, I haven’t been in the grain business that long but it immediately surprised me when our customers were making the contract forms. To me it should be the seller who supplies the contract and I have also been annoyed that the commissions aren’t involved…one of the reasons I find them useless and don’t support them.

Get on Social media and start asking those questions of the commissions . It will either go silent or the cheerleaders will be out in force.

New guys getting on boards, openly welcome cheerleading endorsements but question them and see where it goes.

There are guys that don't have a phucking clue on boards. I won't name them because that isn't fair. But when explaining the purpose of export sales reporting , he wasn't aware that the US has had it for 50 years.

Proper contracts have had 10 years to put a proper one in place that is fair for both the farmer and graincos.

No one thought about it. Gerry and his minions certainly didn't.

[Stormin]

I would think they could give you an advance on the value of grain you are to deliver. After all they trusted you would honor the contract ( YOU SIGNED)to deliver in a timely matter. But wait ! didn't somebody break there cheque writing machine so you were not going to be paid anyway.

Yes that’s a good question to ask oneself, why shouldn’t producers receive a deposit for grains contracted. I always ask for a deposit from customers prior to delivery when I sell a load of hay and it seals the deal. I suppose it could be grade issues that is likely BS anyway.

[TraderJoe]

Many grain contracts are governed by NGFA trade rules. Once either party, not just the buyer, is out of the contract delivery terms, the other party can put them on written notice to force them to take delivery within a "reasonable time frame", usually a couple of weeks, not months. If they fail to take, then you have the right to cancel the contract and they would have to take it to arbitration with NGFA, which they would lose. You will need to prove also that you had been communicating with them regarding your delivery, and not ignoring or hiding from them trying to wait out your delivery period.
I realize everyone thinks the grain company contracts are 100% one sided in their favor, but that is not the case. Understanding the trade rules is very important...