Charlie and others, need some help here.
In the last 2 weeks we saw dlvd Lethbridge bids at $4.25/bu for feed barley and $5.05/bu for feed wheat. Since the USDA report have these weakened off, or are they still available? At the same time we had seen equivalent bids (above less trucking) into some elevators in SK and MB, which represented a pop of 50 cents/bu from spring.
I've also heard US corn has traded into s. AB feedlots, i.e. more since the Husky play last month. Can anyone confirm this or know the price?
Finally on the barley - it seems obvious to me that a couple of line companies have exported new-crop feed barley outside the board. otherwise i can't justify any market that would have allowed them to offer forward contracts at $3.60-3.80/bu for aug/sep in Sask. the best deals filled before the legal challenges were launched, so now i'm wondering, what are the chances of a few more vessels being sold for these positions? probably worse for domestic reasons but the saudi is still short and the farmer will deliver if they want to sell these levels again...
fwiw our focus has turned to actual contracts and world supply/demand. i would like to hear everyone's ideas on these real, current issues.
frankly, the theoretical way barley marketing 'should be' post-board is getting a little boring and stale. there is now a way that it 'is'. for those of us with an interest and stake in it, barley pricing is shaping up to be very interesting. why are so few grasping this? is there a hesitation to discuss what's really going on publicly?
In the last 2 weeks we saw dlvd Lethbridge bids at $4.25/bu for feed barley and $5.05/bu for feed wheat. Since the USDA report have these weakened off, or are they still available? At the same time we had seen equivalent bids (above less trucking) into some elevators in SK and MB, which represented a pop of 50 cents/bu from spring.
I've also heard US corn has traded into s. AB feedlots, i.e. more since the Husky play last month. Can anyone confirm this or know the price?
Finally on the barley - it seems obvious to me that a couple of line companies have exported new-crop feed barley outside the board. otherwise i can't justify any market that would have allowed them to offer forward contracts at $3.60-3.80/bu for aug/sep in Sask. the best deals filled before the legal challenges were launched, so now i'm wondering, what are the chances of a few more vessels being sold for these positions? probably worse for domestic reasons but the saudi is still short and the farmer will deliver if they want to sell these levels again...
fwiw our focus has turned to actual contracts and world supply/demand. i would like to hear everyone's ideas on these real, current issues.
frankly, the theoretical way barley marketing 'should be' post-board is getting a little boring and stale. there is now a way that it 'is'. for those of us with an interest and stake in it, barley pricing is shaping up to be very interesting. why are so few grasping this? is there a hesitation to discuss what's really going on publicly?
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