Hard Red Spring Wheat

[bucket]

man , you must have a pile of storage !

Storage pays . I have been told that many times on this site.

[AlbertaFarmer5]

man , you must have a pile of storage !

Just different priorities than most. Don't have any addiction to shiny paint but investments in bins have been the best ROI on the farm. And used bins are very cheap since the real Grain Farmers don't want anything under 20,000 bushels.
I guess that most of the used bins I've bought have had a one or two year payback.
The last 2 years even new bins have a one-year payback.
I get lots of comments on the number of bins we have, especially this far west. But I think everyone laughs at the rest of the equipment.

[Sodbuster]

Question:

I am curious.

How did you arrive at 15.10?

There are no wrong answers.

Wheat market was already high last fall and hasn’t gone up much since than with these factors to consider.
Possible shortage of fertilizer in Europe and South America and North America
Russia Ukraine war, how much wheat will get planted and fertilized and infrastructure problems
Of all grains wheat has lagged behind
Winter wheat in US not in the best conditions
High fertilizer prices and possible shortage of chemicals.
Possible drought yet.

[Guest]

https://www.producer.com/news/eu-russia-expect-big-wheat-crops/

Get a load outta this pile of shit
Who else would print garbage like this

[FarmJunkie]

Maybe Larry could chime in on the validity of that article. Always sceptical when it comes from the Producer.

[poorboy]

Definitely a couple bins of 19 crop left. Most of the 20, and most of the 21. All with temp cables and aeration. Dried to beyond dry, since the 19 and 20 started out at closer to 20%.
To say I've got experience with storing grain at dangerous levels would be an understatement.

How many times do you turn the grain once you get it dry? I just figured you were storing that “dangerous” moisture grain till spring and then selling it. Never dreamed you could safely store it a further 2+ years.

Once the canola gets froze in say Feb, when do you run the fans again (Oct??).

Wish I had 1/2 the matketing skills you have.

[sumdumguy]

There is no way in hell that rag would be brought in this house- garbage

[Oliver88]

Definitely a couple bins of 19 crop left. Most of the 20, and most of the 21. All with temp cables and aeration. Dried to beyond dry, since the 19 and 20 started out at closer to 20%.
To say I've got experience with storing grain at dangerous levels would be an understatement.

Sounds like you have a good marketing strategy. I personally would be worried about spoilage and ship out at least the tops of the bins……especially the 2019 canola.

[AlbertaFarmer5]

How many times do you turn the grain once you get it dry? I just figured you were storing that “dangerous” moisture grain till spring and then selling it. Never dreamed you could safely store it a further 2+ years.

Once the canola gets froze in say Feb, when do you run the fans again (Oct??).

Wish I had 1/2 the matketing skills you have.

Don't know if I would call it skills, or just patience and being too stubborn...

All grain dried in the bins. Usually freeze it in the winter, since drying in the winter just results in masive condensation, and frozen to the walls.
Start drying when the weather warms up. Attempt to turn as soon as done drying. Easier said than done, with timing of seeding and calving and bin space. If it is really tough, I have to turn it once or more just to finish drying. Especially with the rockets, not suitable for drying grain, without many turns. Bought a bunch of JTL bins, and full floor hopper aeration and hoppers with cross duct lately, should eliminate having to turn. Try to keep as much tough grain as possible. blend it off, or paper blend it. Big canola bins will stay frozen most of the summer if they are below -20 inside.

The wettest grain goes into flat bottoms, since I assume there will be problems, and that way I can safely get in and deal with the pockets that didn't get enough air.

[Sodbuster]

My target for $15.10 got hit this morning, still feel we have at least one more dollar or more of upside when market decides to price in weather and Ukraine problems.

[Templeboy]

Works until it doesn't.

I'd say the 2019 canola I still have in the bins will pay for the bins many times over

That's Awesome! Even had three years to manage the tax implications. never wrong using storage to make the payments.

[furrowtickler]

Chicago wheat moving up this morning