2011 prices

[malleefarmer]

In the last 10 days prices available for locking in next year standard grade wheat APW with spreads either side for quality wheats. Prices hit a high of $330 but have since settled in a $302 to $310 range. You guys got any such options?

Second question reading reports which are i guess to be taken with a grain of salt, but are long term forecasters suggesting USA could be heading for a dryer year bullshit or maybe some truth. I know its almost a unknown but had to ask.

Dont you guys talk about some weather guru over there, ive seen posts occassionally

[lesm]

There is only one buyer with no option to lock in prices. We have no worries because the almighty cwb will always give us the best world prices!

[SASKFARMER3]

Drew lerner he is on winter break will be back in march with forcasts. In winter we have COLD COLD SNOW SNOW REALLY COLD REALLY REALLY COLD AND BITTER COLD>
On HRS we have the beloved CWB that will save us all HELP>

[hedgehog]

what price is your dirt, mallee?

[dalek]

http://www.gfo.ca/Marketing/DailyCommodityReport/DailyCommodityReportInteractive.aspx

If you scroll down to the bottom you'll find the prices available in Ontario today mallee. Not sure what price is being offered for 2012 at the moment.

[malleefarmer]

hedgehog last sale in my area across the raod was $503 per acre
Our new price today was down $295 per metric tonne
My costs to grow wheat including machinery fuel,seed,chemicals,insurance frieght $153 per ha thats ha not acre

[malleefarmer]

so whats the bushel price equate to in can dollars per tonne, looked at the link assuming $250 plus

[charliep]

I use a 60 pound per bushel weight or a conversion of 36.74. The $8.45/bu spring wheat prices Dalek refers to would equate to about Cdn $310/tonne.

[charliep]

will answer here rather than elsewhere but the CWB basis price contract (futures only)
equates to $8.48/bu yesterday ($310) at port. Basis will not be known until February but
likely in the zero to 25 cents ($10/tonne) over range. A western Canadian farmer could
likely (not 100 % guaranteed) lock in a new crop 1 Canada western red spring wheat 13.5
protein of just over $7/bu or Cdn $260/tonne (assuming deductions to port of about
$1.50/bu or about $55/tonne.

[bucket]

And in North Dakota farmers are locking in 7.38 to 7.58USD for September delivery and no percentage calls.

But we are making that imaginary premium, right?