Durum Prices in the US

[Jagfarms]

A farmer from ND called me about buying some lentil
seed today and we had a good talk. I asked him what
Durum has been selling for in ND. He said delivered
to New Century AG Fortuna, ND the price was around
$3.85/bu off the combine at harvest time and the
price today is around $4.65/bu. I have not been
following the Durum prices in the US but I was
suprised they were not higher than that.

[Jagfarms]

Here is the web site address for New Century Ag in
Fortuna.

http://www.newcentag.com/

[Ron]

thats the cash price. what levels could he have locked them in for previously?

[Fransisco]

And it still beats anything the Board has to offer.

[cityguy]

plus you could get probably close to $1.00/bushl LDP. Think the USDA has spent close to $88 million on LDP payments on durum this year, averaging about $1.25/bushel. Suspect more hasn't been done becuase of payment limitations so we'll probably see another round of durum selling in the new tax year after they've locked in an LDP.

[bucket]

And lets all forget that alot of durum producers in the US could lock 7 or 8 dollar durum last february which is probably why they grew alot of durum.

Farming for a ldp in the states makes as much sense as farming for crop insurance in canada.

[broker]

and you can sell them as much as you want! and haul it all!