Malt vs. Feed Barley

[jimbobobaroo]

Westsider, you are correct. Al said he was trying to
bring attention to bids across the border and should
have clarified the info a little better.

The 6.25 feed is actually malt delivered North Dakota,
the 7.25 feed wheat is actually good quality RS wheat
delivered North Dakota as well.

[Jagfarms]

The $6.25 price is for a 6 row malt barley. I called into
Johnstons this morning. The feed price for new crop
feed barley is around $4 bu.

[jdepape]

Just talked to Allan Johnston - the 6.25 is malt
barley and the $7.23 for wheat (delivered) is USD
delivered to a US buyer.

Call it rational exuberance or just growing pains
but as more and more prices emerge, we will see
honest mistakes along the way. On Friday, the
first day of the open market, I heard four different
prices for spring wheat. Always ask for details.

[bucket]

Mr. depape

How is it that prices are varying so much in the first few days?

7 dollars one day, the next day its 6.50 and yet there is no market indicating the movement? Seems an odd way to build confidence in an open market?

[TOM4CWB]

Bucket,

Many folks marketing our wheat/bly try to do back to back sales... if a customer steps up and agrees to a decent/better basis... bingo the price changes and goes up... or down depending on whats going on.

This happens every day with pulses and canola.

[jdepape]

Bucket:
There are price differences due to location - I was
talking to one guy about wheat and we had
different prices - didn't make sense until we noted
that he was talking about Alberta and I was talking
Saskatchewan.

Also, when you go out with a price and you buy
what you need at a particular price, you may drop
your price for additional tonnage. Same goes if
you don't get enough, you raise your price until
you do. That's what futures markets are doing all
the time. In early stages of a market, expect this
to happen more noticeably as people - buyers and
sellers - get a handle on what value is.

[bucket]

depape

So would it be better to wait for a while until the photo ops are done?

I was trying to get a price on some uncontracted cwrs at 12.5 px and it would probably be better to sell as feed because of the discount from 13.5.

That is confusing, given that the grain companies know of the crop quality history, why are they not coming out with prices to suit those needs. They will sell a buyer 100,000 tonnes of 12.5px, so why not have a price? Or will it get to that eventually?

[farmaholic]

No need for explanation.... I too called and others did their homework as well.

[Integrity_Farmer]

This is a god damn gong show.

[wd9]

You are a gong show lack of Integrity.