$3.50/bu barley

[Burbert]

Yes, I would sell $3.50 bu barley off the combine. But and its a big BUT, there is never any elevator space in the Fall, therefore, storage is ther real reality. Nice to think/talk about selling right off the combine, but it doesn't work, never has. Guess we live to far away. Location, location, location comes in to play. ** Sorry Charlie, I told a wee fib, we do have barley growing on our farm this year** All I can add, is business, is business, with all the cornfusion right now, maybe we'll luck out!!!!!

[btjadenlepp]

Burbert, whoever you are, I'll bet you an expensive bottle of red wine that all our clients' barley is moved off their farms in Aug/Sep according to the delivery window specified in the forward contracts at these prices we're encouraging them to sign.

If your marketing plan is to 'hope for the best', good luck. Without exception, we find that planning for the farm's needs and responding to attractive pricing opportunities that come along in a disciplined fashion, helps profitability and farm management enormously.

[Burbert]

btjadenlepp, I'll bet you are new to the farm marketing scheme. What we call a gunho type. Wow is all I can say, everything sold and gone Aug/Sep! A.... what will happen if you have a wet Fall and harvest gets delayed, or how about an early frost causing marketing issues, sprouted moldy rotted grain. I'm sure you have this all under control, cause you are such a shaker and a mover. Bet you never shoveled grain out of a bin in your life. No, no, wait, you are the Son or Grandson of a Saskatchewan farmer, that really knew his stuff, hence you know it all tooo... LOL pal, with your $3.50 off the combine barley.

[charliep]

I know btjadenlepp and I won't take that bet. My risk of loss would be too high and their taste in wine in beyond my threshold payment risk.

I find it interesting that 98 % plus of the time contracts like this are filled in the delivery commitment period. The less than 2 % they aren't, the farmer part of the deal just sits back and takes it. Sometimes there is a recognition that a business transaction involves give and take - a missed delivery period can be offset down the round with a blending opportunity. Sometimes it is because the farmer doesn't have the gonads to look after their interests and would rather just cry to the world they have been hard done by. A contract goes both ways. Everyone need to understand their responsibility in a contract and that of the buyer.

[charliep]

Burbert like I said earlier Blah Blah. All you do is blow smoke. And you just proved to me how big of a loser you are. You can't move grain off the combine because of space at the elevator?? That just shows me you are special. You don't know how to foward price grain?? My God. Mabye you shou;ld stop trying to farm in Flin Flon. (idiot)

[kamichel]

Burbert in the past I sold 100,000 bushels of barley for september delivery through the board on a guaranteed price. Problem I only had 1/3 the bushels off by mid sept. Problem solved the grain company took another farmers later delivery contract and I hauled later. If I would have had the bushels off and dry I could have delivered no problem.

[charliep]

Feed barley story in today's emalt newsletter.


North & South America: Malt stocks exhausted

In North and South America malt stocks are also exhausted, the former one-month inventory, which was considered a must, has disappeared, analysts reported July 2. It is rumoured that the lack of malt could lead to temporary beer production stops in Brazil and Venezuela. No new malthouse construction is planned in the NAFTA countries, but Argentina will add malting capacities of min. 150.000 tons. In North America the construction of new malting factories has become so expensive, that maltsters say it is not worthwhile unless malting margins of US$ 200,- per ton can be achieved.


World: Barley markets in June dominated by good crop prospects in North America and Australia


Barley markets in June were dominated by good crop prospects in North America and Australia, the export quota system of the Ukraine and purchases of Saudi Arabia, according to analysts, July 2.

International grain houses sold several cargoes of optional origin barley to S.Arabia at prices around and above US$ 300,- CIF. The Saudi government, however, did not react to higher markets, but left import subsidies and domestic prices unchanged at US$ 245,- CIF. It is reported that local stocks and arrivals of barley will be sufficient for a few months. Origins of the barley sales are the Northern EU, the Black Sea incl. Romania and Bulgaria, and it is rumoured, also Canada and China. ABB Grain of Australia concluded a five year LTA with United Feed of Saudi Arabia for min. 1 Mill. tons annually.

[charliep]

European malt barley prices (French) - US $330 to $335/tonne for 2 row and about US $295/tonne for 6 row.

[cottonpicken]

Whoda thunk?

[Burbert]

Boy us Canuck farmers is a very smart lot! We've torn apart our market system, at the perfect time, grain shortages, prices are climbing. All on account of our smarts. It has nothing to do with the fact that canolie and spring wheat are king now in the West. Or is it wheat then canolie, or canolie, and canolie, and more canolie, clubroot, canolie, oh God GMO was supposed to solve everything. Alberta Ag to the rescue, phone 1-800-askanexpert for free advice about the farm. Use the new AAAAhhhhhhhh program to maximize profit. Yippeee. By the way snappy (or is it yappy) I don't farm in Flon, Flon, guess again smart boy!!!!!!!!!!!!