HRS in Canada is Becoming a grain to not grow!

[Braveheart]

SF3, I'm curious as to why grade even matters anymore. If your wheat has falling numbers over 300, and your protein is 13.5 or whatever, and they're willing to pay x, then what difference what the grade is?

Price on the specs. Moisture, falling numbers and px should be the main specs. Vomi or ergot negotiable.

[farmaholic]

Braveheart, couldn't agree more regarding specs. But don't let them tell you those specs(grade?????) don't matter and it's only price that matters. And yes it is price in the end, BUT do the specs matter to the end user? You bet, and they are going to want to get the specs they paid for. It is all related--specs and price and I think the Graincos are trying to seperate them when they want you to focus only on price.

....okay let me have it.

[boarderbloke]

SF3, Barley at 80 x 3 or 80 x 5 malt is money.

I don't know how you would achieve that yield or quality if your already having problems with disease in wheat. We're 1.5-2hrs south of you, and there's very little grown here now on that account. Disease in barley means feeders don't want it, nor do maltsters.

[farming101]

Thought it would be interesting to update the latest receipts at the terminal elevators. Number 2 covers the majority of deliveries, #3 is steadily climbing and it looks like #1 will all but disappear if it keeps declining at this rate. Feed grade actually was down this week and is still a very small percentage of total wheat received at the terminals.

If a guy does know he has some #1 he might be leaving it in his bin hoping the price will go up.
Feed might be staying in the bin/bag too because of poor prices.

<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/CWRSTerminalReceiptsVolume-Quality2014-15-week15_zps6a012d65.jpg" border="0" alt=" photo CWRSTerminalReceiptsVolume-Quality2014-15-week15_zps6a012d65.jpg"/></a>

[greybeard]

Used to be able to see the "upgrade" at the port credit on canola on the old prairie pools/UGG financial statements.
At that time they made more on"upgrading" than they did on port handling charges.
Pound maker feedlot used to be a good reference price for CPS. They are very efficient users but had some kind of bonus system for shareholders.

[wmoebis]

Greybeard you are right and those upgrades came back to produces directly or indirectly through dividend checks. Also the money that was made on dockage was included on those checks.

Then after the grain was upgraded producers got that benefit through interm and final payments from the CWB although that didn't seem to be enough some times.

[sumdumguy]

Farmaholic, I agree with your comment about prepricing product that he is hoping to combine. In my years of farming, I have witnessed the stress when harvest gets delayed and grade is in question. I suspect banks and lines of credit have a lot to do with producers preselling to lock in returns. It is unfortunate when they have to buy product to cover their positions. I see this most often on the special crops side.

[Braveheart]

Farmaholic, end users are definitely interested in the specs, you're right.

So, farmers REALLY need to do their own testing of good representative samples. Once test results are in the producers ability to negotiate goes up substantially.

#victimlessfarming. Power to the People.

[Braveheart]

Sumdumguy, prepricing is more linked to managing price risk than banks or credit lines. My experience is banks are always reactive. If the street price is low they say, "you should have presold". If the price is high they come back with "oh, it's a shame you pre priced".

Since the end of CWB monopoly, contracts are usually the only way gain entry into the elevator system.

[SASKFARMER3]

Locking in a .35 cent basis for next fall based on jan futures month for some of 2015 production is bad why?
It's managing risk. But we're getting smoked on grade. All back to last spring being two weeks behind.
Barley disease is min with aceppella. I'm using 80 because if I'm using 57 for wheat 80 is achievable. If wheat is 40 barley is 65.
Barley does have sprouting issues in wet and frost if late.

[farmaholic]

SF3. All you've done is lock in the basis and marry yourself to one option if you dont like the way you're getting treated by the contacting company. Futures is at risk and even worse is production risk.... come on!!! Basis is only one piece of the puzzle. When they are willing to write premiums and discounts into the contract, you'll have something worth signing. Deferred delivery contracts don't even have premiums and.discounts in them. I'm not saying it never works but I'm not willing to give up
what little power I do have.

Ask yourself this question. If They're not willing to take that risk, why should I?

[BreadWinner]

1 hr north of you sask farmer, wheat ran 40-60 and barley ran 30 -45. Both crops are losers in my mind. Lots of oats going in next year. Canola is definatly a high priced gamble but still the crop of choice for most.

[freewheat]

Braveheart. It is a risk I a willing to take. I have not had wheat downgraded on acct fuz yet. Not saying I won't or can't, but never have yet.

For three years now, I have watched as hog prices have been very competetive with milling wheats.

May as well grow more bushels, and have shorter straw, no lodging, and no stupid grade issues. If it rains on the CPS, who cares. If it freezes lightly, as long as it weighs up, it can be ugly, yet still be good nuff for hogs.

Why shoot for quality when it is hard to attain. The hog barns gotta find grain somewhere, they know what they need to pay to draw wheat away from the elevator system.

CPS used to yield much higher than HRS in the wet zone. Haven't grown it since the "agronomy shift" as I like to call it.

[Braveheart]

If you're not in the fuzz area, you could do well.

Curious again, will any of the general purpose wheats out perform CPS in your region? Sometimes protein might be better as well as yield.

[freewheat]

I'm kinda in a fuz area, but I have a theory about my fortune with avoiding it, but that is another story for another thread!

I was kinda using cps as a generic term for non milling high yielding wheat.

Soft white is out as the barns pay much less for it, and it won't mature well here most years. Responsive to moisture and fertility, just so stinking late.

As I look at the general purpose wheats available I see much the same thing as with soft white: Late maturity.

Hmmmm, more research needed. Some of them look like they could yield, I am just scared of late maturing wheat. IE. Pasteur says 8 days later, which in our cool wet area would actually mean at least two weeks.