Durum Contracts

[cottonpicken]

Never kept track of the durum market before or after,just wondering what the spread is on the pre priced and current price,did some get caught?

[newguy]

Contracted #2 12.5 protein this summer. When weather got bad amended it early to a #4 12.5 at a spread of a dollar a bushel. Think it is a lot more now.

[farmaholic]

Thou shalt honor thy contracts and thy commitments......

I presold some green peas (2 or better)last summer for $8.00. They didn't look too good because of growing conditions. They graded a three but I told them I wasn't taking less than the contract prices. They asked if anyone else saw them and I told them I sold a light tandem load that I couldn't squeeze into full bins to another processor and they paid me
$9.25. They decided to take them and yea I let them have them, I signed the contract.

Now, that folks is what I expect in return from the rest of the Industry. See Braveheart, I'm trustworthy !!!!!!!!!!

[Braveheart]

I expected nothing less.

[farmaholic]

I'm a bit sensitive tonight, is that an insult or complement?

[HFL]

I'm in Great Falls, Montana tonight. We brought Durum samples to Columbia grain here. They are bidding 12.25 US per bushel for #1, 13 pro.

[Daylate]

Yes neighbour had a 6.50 #2 contract, delivered a #5 13.5 and got 3.20

[farmaholic]

Was the $3.20 for the 5CWAD written into the contract? Hahahahahaha.

[newguy]

Had #2 12.5 contracted at 7.15. Amended as soon as I smelled a wreck to #4 12.5 at 6.15.. Was protecting myself on bottom grades.

[farmaholic]

Are you up against a grading battle now and they want to call it a 5, without any protection for you. You were smart doing what you did but the door is still slightly ajar.