malt barley PRO

[craig]

Burbert.
The ability of the CWB to raise the PRO's on malt barley is dependent on getting enough barley from producers so that they can make sales in the current higher value market.What value is it to producers for the CWB to wait late in the crop season before raising the PRO. Catch 22. Can't attract barley supplies, can't increase the PRO's. You also seem smug in the fact that you are still sitting on your barley stocks. What you didn't tell us is where you plan to sell them. Odds are there is much better opportunity to capitalize in the open market. If you are planning to go into the malt barley pool it doesn't make much sense to be sitting on those supplies. They won't be worth any more if you deliver the first week of the crop year or the last.

[kamichel]

Caseman not sure if you are still watching this thread because you have not been messaging. But I have done some research.
2 row malt barley.
01 02 Jan to final down 14 cents.
02 03 Jan to final down 22 cents.
03 04 Jan to fianl up 07 cents.
04 05 Jan to fanal up 02 cents.
05 06 Jan to final no change.
I will add here that the last time the market rallied was in teh 02 03 period and the final took a big drop.
Over the 5 year period the loss from Jan to final is minus 5.4 cents. So for the CWB bulls the market past 5 years shows down not up.

[caseman]

I live about halfway between Regina and Saskatoon on hiway 11.

Can't haul to feedlot because I signed malt contracts last March and barley was accepted late August.

I have seen July barley at $3.14 non board but that has dropped back to about $2.80 -$2.90 now.

This spring I will grow barley again but will not sign any malt contracts. Will see what prices look like in September then decide to go malt or feed.

This spring will plant oats,flax,barley,canola,peas.

Scared of midge so there will be no durum. I am sick of CWB and their programs(EPO,s- costing me to get my own money.

25000 bushel of barley cost me$.054
cents per bushel at 90 percent EPO

[caseman]

comments on lots of barley in the bins still to satisfy the maltsters, well perhaps there is, was holding my feed back a bit longer for some higher prices. Yet my broker, (damn I use a broker and not the CWB) has told me the prices won't be going higher as he originally thought. As now high quality wheat is being dumped into the feed market as wht producers are seeing no movement of their #1 HRS. So as most producers know, cash flow for bill payment is needed, so they do what they have to. Funny the CWB doesn't step in and help these wheat producers out, opps, damn not the CWB fault its the rail roads and big bad multinationals fault, excuse my rant.

[Burbert]

erik, Did your broker also tell you that during the 07/08 crop year, farmers across Canada and the US, will plant a record crop/overproduce and there is/will likely to be a glut of grain on the market, by this time next year unless the weather plays a role. Prices, unfortunately will correct and we are back to the same old same old. Biofuel and China may pick up the slack though, so go for it, now is our time to really make a killing...... we are in the drivers seat. By the way our fees are going up to, due to challenges we are encountering in the modern business world. Check the first 4 letters in the word broker, see what they spell.

[Burbert]

Burbert, you are wrong about over producing within a year.

What does brok mean???