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Huge amounts of Durum Selling to line companies!

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  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485
    #1

    Huge amounts of Durum Selling to line companies!

    Both Viagra and Pioneer have programs out right now buying Durum from farmers. Had two neighbors sell Close to quarter million bushels to these two companies. Their Durum graded a two with little to no protein. But a decent #2. Liquidating last years production. So could Viagra and Pioneer be using our wonderful CWB and buy back selling into the USA and making dollar on transaction at Canadian farmers loss. HM because this program is gaining traction in our area.
    Tags: None
    • TOM4CWB
      Senior Member
      • Dec 2000
      • 16511
      #2
      Saskfarmer3,

      Movement is better than none... glad someone is working this problem through.

      If there is margin... growers are as well enabled & equiped as grain companies... we have trucks...

      Now the CWB since Aug 1 will direct buyback without using grainco's... things are changing. Funny why the CWB didn't tell us they changed this!

        Comment

        • mbratrud
          Senior Member
          • Jun 2008
          • 1019
          #3
          I would guess they are flipping stocks moving low quality into the feed markets and replacing with better quality.

            Comment

            • SASKFARMER3
              Senior Member
              • Feb 2006
              • 14485
              #4
              The Durum I saw been loaded is a 2 because of fusarium thats only reason and on grading scale otherwise its a one. But these guys are getting i believe $3.10

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                • SASKFARMER3
                  Senior Member
                  • Feb 2006
                  • 14485
                  #5
                  Tom I agree with you we have trucks and the margins are their for these guys since we are 106 miles to fortuna and they own three semis. Yesterday price was $4.02 Fortuna. But 70 plus Durum for $3.10 is only $217 an acre. Selling direct would get $281 an acre So a loss on 3500 acres of Durum $224,000.00 Thanks CWB for your great job. Job #1 look after our buyers, Job two look after ourselves, Job #3 look after peasants, Oh sorry I mean the farmers whose product we take. I mean sell.

                    Comment

                    • TOM4CWB
                      Senior Member
                      • Dec 2000
                      • 16511
                      #6
                      Sask,

                      Check out the buy back (PDS@CWB)... it may work better than you think. DIrect for $3/t I am told is avaliable for the admin part.

                        Comment

                        • JACKFLASH
                          Senior Member
                          • Jan 2003
                          • 183
                          #7
                          Sask. I have been gone too long working. But my Dad told me when durum is in the crapper to store and you will be paid in spades. But in this new global market does this apply.

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                            • SASKFARMER3
                              Senior Member
                              • Feb 2006
                              • 14485
                              #8
                              This year I don't think so. But hey mother nature can screw up a bin burner any time of the year. So who knows We are cutting back from 1000 to 500 just because of carry over.

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