New Crop Peas

[cottonpicken]

Isnt leverage wonderful when its woring in your direction.

[mustardman]

Priced more today at $5.50. On my farm that pencils out to $50 per acre more than canola.
The $300 per bushel seed , high N prices and the relatively low yield on stubble don't make Canola look very good around here.

[JohnKenneth]

what are you using for a canola price, mustardman?

[mustardman]

I am using $9.10 a bushel and a 22 bushel stubble yield for canola.

I have averaged 39 bush/acre on my peas over 9 years so this is the number I'm using there. That along with high fert rate for canola makes a $50 dollar difference on bottom end for peas.

[kamichel]

Was hoping for a 5 dollar price to come up. Since reading this thread I decided to go with a 5.4 target price in Humboldt. The freight is more here. Now the 5 dollar price is here and gets filled within a day. thinking I should drop to 5.3 or 5.2.

Now kicking myself I did not buy my seed a month earlier.

[charliep]

mustardman

Sorry for taking off the pea topic but wondering how the different mustard types fit into your break even work sheets.

Also curious if any of the mustards with canola quality/properties are moving into your area (I assume brown soil). Lots of issues around contamination with regular mustard but interesting to me to have another alternative oilseed in the drier areas of the prairies.

[rodb]

The thing that Mr. Arason did not elaborate on is that the CWB doesn't send out marketing information that would prevent an over abundance of #1 Red 13.5 from being produced and having to be discounted to move significant volumes and keep all the single deskers happy with a 80% call and just getting to deliver wheat 9 months after you planted it.

It is a good thing that the CWB is not marketing Canola or we would be at half the acreage and storing 1.5 years crop on farm. wouldn't that be fun?

[chaffmeister]

Agstar:

Here's another shot at it:

<i>Perhaps I should have said, how would you suggest the CWB sell into the U.S. market so that prices rally ?</i>
First, if you think you’re a grain company, act like one. When a buyer comes in for large amounts, sell on a basis only. Why would you take on the flat price risk of a large sale – why would you expect farmers to? (This is Tom4CWB’s issue.) The CWB always says it sells throughout the year so as to get a good average. What that means is that it should price only when it’s being shipped. If shipments are made evenly throughout the year, so should the pricing. (You wouldn’t get caught selling too much too early – like this year.)

<i>Don't you think other sellers know when Millers are dealing with CWB? </i>
Nope. When someone wants to take advantage of the CWB system to get coverage quickly and without making a ripple on the market, you can be certain that they don’t advertise it.

<i>They obviously know the amounts that the Mills require. Are they that stupid? </i>
Yes, they probably know what each mill needs. But as I said, the mills don’t advertise their activities nor their coverage.

<i>I have listened to a Cargill rep say they like the consistency of product they get from the CWB and are willing but cautious in paying extra for this consistency. </i>
I have listened to reps say they like buying from the CWB because they can cover large amounts of their demand without lifting the market.</i>

<i>This should raise the price U.S. farmers get if they could get their act together. U.S. farm groups envy our system and wish to destroy it.</i>
US farm groups feel the CWB is selling below the “market”. Don’t think “envy”is the word they use.
If the CWB becomes voluntary, why not get extra market clout by inviting members of the US farm groups to market through the CWB?

[chaffmeister]

This is bazarre. This is the second time a posting of mine has gone in twice - hours apart.

Perhaps the CWB is bugging my computer!

[parsley]

BRING the wine. Don't drink all the wine.

Parsley