Agricore Posted malt prices

[charliep]

BennyHin

Just to help you see through the CWB fog factor, the price quoted is where new Japanese business feed barley business could be put on the books today. That would be a 25,000 cargo for likely shipment over the next 4 to 6 weeks.

When there is $40/tonne being left on the table, help me understand the single desk benefit that is described in the Schmitz, Schmitz and Gray study?

[charliep]

BennyHin

One other piece of marketing advice for anyone who will vote for status quo/maintaining the CWB authority over export and domestic human consumption barley. If you grew malt varieties, take it around to all the potential selectors and if meets quality sell. The CWB needs this commitment to meet existing sales and to allow additional ones that would add value to the pool. If not, sign a deferred delivery contract on the "B" feed barley pool in February and delivery as soon as called for.

If you can't make these decisions in the current market, I have to question your loyalty to the current marketing system. To push what I said before, western Canada must look really stupid and incompitent to our customers who are putting high priced offers in front of us and yet you (farmers) get none of the price signals to react to.

[charliep]

Too excited. Should be "B" pool guaranteed delivery contract - not deferred delivery. No forward pricing contracts (i.e. fixed price contracts) are available on the "B" pool. There are early payment contracts but you will have to look at the cost. As I indicated previously, sweetheart deals with a no cost 100 % EPO have been available last fall but in the current environment may not be available this spring.

[kamichel]

Charliep I think most feed barley is spoken for. As the CWB also needs farmers to deliver into the malt committment already contracted. There is no way that they want us farmers to know that that price is out there for feed barley. How about that a premium Japanese sale pounding down our door. Or should the CWB get credit for that premium?

[craig]

BennyHin
The Agricore price is what they deemed they could pay today for export feed barley. In an open market the buyer doesn't tell you when to sell. The CWB did nothing wrong in contracting a lot of malt barley early in the crop year( normal historic pattern) however with there supposed market intelligence they did fail in picking up what was happening in Australia. The reality is a marketing agency will never succeed in picking the top just as you and I won't. It is also true that a marketing agency will never totally succeed in meeting the marketing goals of every individual farmer because it doesn't know the variables a farmer is dealing with. Agricore has every right to post what they think they could pay producers for barley. It is not suggesting it could get that price for every bushel offered.

[Burbert]

Craig, Thank you, common sense is a scarce commodity on Angriville. Most of these fellows are always hitting balls out of the park, when it comes to marketing. I really wonder how they continue to do so given the missinformation avaiable on the net, and screwy advice. Guess it is their access to international markets and brokers that makes them so great.
But then again they grow the best, most sought after grain on the planet and all want to be billionaires to enjoy life on the farm, big guys get special deals! It is the CWB's fault they haven't already reached their goal, and remain mere millionares. Guess I'll have to start dealing with AU again, oh I forgot they closed our elevator, which is still standing as a reminder of the day when they did buy grain. Now they only want to sell us high priced farm inputs. Guess they can quote any price they want, since they won't buy grain anyway. Wow a virtual market, big prices, a good thing that Sask Pool hasn't taken them over. Maybe I'll vote against the CWB, then the world will be a happy wonderland for all! No more worry about price discovery, the lowest price will prevail, a penny a bushel Canadian cash.

[wedino]

Burbert, To the best of my knowledge, no one has stated that they wish to get rid of the cwb. It's about choice. In a free open choice environment, why wouldn't you support the cwb? Because the likes of Flaman & Ridder say it won't work doesn't make it so.

[BennyHin]

I found Parsley's news source:

[URL="http://http://redtractor-usa.com/"]http://www.Parsleys _news.com[/URL] <br> <br>

[BennyHin]

bad link, try again:

[URL="http://redtractor-usa.com/"]http://www.Parsleys _news.com[/URL] <br> <br>

If the link doesn't work it is:
http://redtractor-usa.com.

funny site, even Parsley might smile.

[Burbert]

I'll bet you that the high prices posted by A.U., that we are all looking for, are in fact baloney. This is an attempt to subvert the CWB, during the upcoming barley vote. Attempt by a grain company, to divide and conquer. Should be easy, they think cause most of us farmers are st_pid at the best of times. Just a coincidence that such an attempt at price discovery should occur when the plebisite is upon us!