Yellow Pea Saga

Commodity Marketing

Tools

Yellow Pea Saga

Dec 21, 2017 | 09:08 31 Hahahaha anybody getting the picture yet? Reply With Quote
Dec 21, 2017 | 09:22 32 If a guy could just figure out who the buyers are...

If a guy just had a big truck, and licensed to drive it...

If could just figure out how to load a container...

The paper work... Reply With Quote
Dec 21, 2017 | 09:37 33 Can peas not work their way into soymeal markets?

Seems there's high demand for protein meal(meal protein)? Reply With Quote
Dec 21, 2017 | 10:03 34 Hundredweight Reply With Quote
farmaholic's Avatar Dec 21, 2017 | 10:09 35
Quote Originally Posted by farming101 View Post
Hundredweight
Sorry and thank you!

Converted to bushels that's only about $5.60???? seriously?

SELL

Edit: O the fuck K..... Convert it for me. Something doesn't seem right.
Last edited by farmaholic; Dec 21, 2017 at 10:31.
Reply With Quote
Dec 21, 2017 | 10:47 36 http://www.bertholdfarmers.com/index.cfm?show=11&mid=26

5.75 US / .786 = 7.31 CAD delivered to Berthold.

http://rayfue.com/dtn/cash-bids/
6.25 US / .786 = 7.95 CAD delivered to Ray

http://www.beachcoop.com/index.cfm?show=11&mid=4
Here's a better one: 6.75 US / .786 = 8.58 CAD delivered to Beach. A fair hike

https://www.ams.usda.gov/mnreports/lswbean.pdf

High end of the range is 12.08 USD/cwt which is about 9.22 CAD/bu. I have no idea where that bidder is
Last edited by farming101; Dec 21, 2017 at 11:08.
Reply With Quote
Dec 21, 2017 | 11:08 37 India announced 30% duty on lentils now. But they were not buying anything anyway. Still tells us how much india will import this year and it looks like very little.
Last edited by dave4441; Dec 21, 2017 at 11:14.
Reply With Quote
SASKFARMER3's Avatar Dec 21, 2017 | 11:15 38 Feel good story from Dave.

India isn’t buying so the 30% duty doesn’t matter Reply With Quote
Dec 21, 2017 | 14:42 39
Quote Originally Posted by SASKFARMER3 View Post
Feel good story from Dave.

India isn’t buying so the 30% duty doesn’t matter
What i am saying is it is irrelevant in the short term as they were not a buyer anyway. In long term though it still tells us how much demand our largest customer has for red lentils. Zippo. Reply With Quote
Dec 21, 2017 | 15:04 40 "I hate making excuses for GrainCos....but if they don't have a home for them or can't make sales......how else are they supposed to send the message. I personally prefer "no bid" than insulting me with bargain basement blow out prices! "

Spot on farma.

One wonders here in australia whats going on yep we have below average harvest as whole that is australia.
Drought basis yep.

Exporters are offering good prices for wheat and barley basis was 130 cents over cbot a few weeks back.

But question is were are they selling it they wont get a look in overseas way to expensive, guess its there problem maybe they will try to offload it domestically but that a finite market.

Kinda off topic but still pulses, alot of small traders who have done well out of niche markets and container trade and or small vessels, who were still sitting on last years lentils and chickpeas combined with some early purchases this year only to see lentils fall again are facing insolvency.

Shes not all beer and skittles trading grain/pulses for smaller guys. Reply With Quote
Dec 21, 2017 | 15:40 41
Quote Originally Posted by malleefarmer View Post
"I hate making excuses for GrainCos....but if they don't have a home for them or can't make sales......how else are they supposed to send the message. I personally prefer "no bid" than insulting me with bargain basement blow out prices! "

Spot on farma.

One wonders here in australia whats going on yep we have below average harvest as whole that is australia.
Drought basis yep.

Exporters are offering good prices for wheat and barley basis was 130 cents over cbot a few weeks back.

But question is were are they selling it they wont get a look in overseas way to expensive, guess its there problem maybe they will try to offload it domestically but that a finite market.

Kinda off topic but still pulses, alot of small traders who have done well out of niche markets and container trade and or small vessels, who were still sitting on last years lentils and chickpeas combined with some early purchases this year only to see lentils fall again are facing insolvency.

Shes not all beer and skittles trading grain/pulses for smaller guys.
You feel traders are sitting on old crop lentils in Australia Malle? Australia shipped 850,000 MT last year, a massive record. Shocks me that they would still have old crop product. Reply With Quote
Dec 21, 2017 | 15:47 42
Quote Originally Posted by dave4441 View Post
You feel traders are sitting on old crop lentils in Australia Malle? Australia shipped 850,000 MT last year, a massive record. Shocks me that they would still have old crop product.
any amount of movement for canary yet dave ? Reply With Quote
Dec 21, 2017 | 16:10 43
Quote Originally Posted by caseih View Post
any amount of movement for canary yet dave ?
Not really, Demand was heavier then normal in first quarter due to dryness in summer (at much higher prices today so there inventory is deemed expensive), but demand today is crazy quiet. Offers are much lower then grower will sell today and therefore not much is happening.

We will ship 150,000 MT as we have done every year so there is demand, just buyer's are really hand to mouth so no pressure on trade in Canada to push values in either direction. Reply With Quote
Dec 21, 2017 | 16:25 44
Quote Originally Posted by Rareearth View Post
If a guy could just figure out who the buyers are...

If a guy just had a big truck, and licensed to drive it...

If could just figure out how to load a container...

The paper work...
I detect sarcasm.
It's not too difficult to sell stateside if you spend some time at it. Call some US pea buyers inquire about price offers. Get some truck rates and figure out the price offer FOB farm and see if it's worthwhile.
Most often if the US buyers are in the market, they will have their own customs broker to clear the load
and help you create your NAFTA certificate of origin.
Most times the end result for folks depend on how much you need the money.
I finished the thread and see that farming101 completed the task. Good work.
Last edited by hobbyfrmr; Dec 21, 2017 at 16:30.
Reply With Quote
Dec 21, 2017 | 17:14 45
Quote Originally Posted by farmaholic View Post
Johnston's Grain Marketing is quoting bids and trades of $7.25 yellow peas for SE Sask....

1-800-324-7778

caseih...you by?

Wonder where Johnston is selling to. Is it licensed and bonded? Reply With Quote
farmaholic's Avatar Dec 21, 2017 | 17:34 46 Why has canary seed S & D ending stocks been bouncing off the floor for the last three years yet prices never seem to spike? As I said once before, change the name to squirrel seed! Because inventory numbers are nuts!!!!

Besides, no one seems to know exactly how much is "squirrelled" away! Reply With Quote
Dec 21, 2017 | 18:19 47
Quote Originally Posted by sumdumguy View Post
Wonder where Johnston is selling to. Is it licensed and bonded?
best find out who is the actually marketer / exporter of those peas and sell direct. too many middlemen taking their pound of flesh Reply With Quote
Dec 21, 2017 | 19:15 48
Quote Originally Posted by farmaholic View Post
Why has canary seed S & D ending stocks been bouncing off the floor for the last three years yet prices never seem to spike? As I said once before, change the name to squirrel seed! Because inventory numbers are nuts!!!!

Besides, no one seems to know exactly how much is "squirrelled" away!
Because farmers lie about their production and stat numbers are garbage. It doesn't matter because it all comes down to what people actually sell and how excited the destination is about buying it. Stat numbers say zero product available to market at year end but everyone knows it is garbage data.

I find it incredibly ironic. People lie about the production but don't take advantage of the lie by selling early. Canary market peak this year was in July. There was real concern about production at that time. Markets post Jan 1 will have more product come to them in the next seven months then the previous 5 months so will likely be sloppy as apposed to firmer. Same thing every year for last 4-5 years.

The "real" carryout is about 75000 Mt each year. That's the reason it never spikes. And the reason it firmed in summer is because that number was going to be knocked down. But didn't turn out that way. Reply With Quote