how to sell HRS

[samhill]

I have a bit of #1/13.5 to deliver.Can I deliver and sell
in new crop year? Price will be better than 11/12 pool
altho I almost always EPO. Will ask CWB, but kind of
like asking the fox if the door is open.

[bgmb]

Just cleaned out a chunk of old crop hrs for 8.50
no cwb

[charliep]

Just shop the market. Delivery after August 1 (may have ability to deliver early/put on a storage but not sure -ask). 1CWRS 13.5 will be a highly sought after commodity after August 1 as everyone including the CWB fights to do high quality wheat business including the Japanese Food Agency and other premium customers. I would tender it out to all companies and let them come to you. Have a price in mind and pull the trigger when achieved.

[charliep]

A fly in the ointment of my bullishness is harvest will be early and likely high quality/protein. Lots of stuff on canola but wheat is also being impacted. General trend on the market is higher but there will be new crop availability in the fall with likely some impact on prices. My sources tell me that the US is already being more aggressive basis wise in Portland and Seattle as they get ready to sell their spring wheat crop (also likely high protein and quality).

[samhill]

Thanks for all replies, I would like to deliver now and
sell after Aug 1 if possible. It is a gamble with new
crop coming in soon.
thanks again.

[agstar77]

Viterra offering 9.03 hrs 13.5. Winnipeg

[charliep]

Just curious on elevator space. Is to room in most elevators to make these new crop wheat deliveries?

Not evaluating one way or the other but one of the most interesting things in the new world will be elevator inventory management and supply chain logistics.

[BTO_farmall]

Char - There is PLENTY of Space fer New Crop. Remember There was Not much fer a Crop Last Year. Was a Very Slow Winter fer all The Elevator Guys, Truckers Too, But have yous ever heard a Trucker Not Complain. I know I haven't............

[mcfarms]

Charlie

Was hauling Canola to a couple points here last week, They are very low on stocks from what I could see on the boards.

[TOM4CWB]

Samhill,

Have you contracted this wheat with the CWB for 2011-12? If you have you may be required to buy this contract out.