Grain industry rippin us off not just wheat

[bucket]

There is no real open market in canada.

Flax has no futures market.

Neither do peas lentils or other minor crop.

Wheat doesn't trade and mgex is considered thunderdome in the states.

You have no idea if you sign a wheat contract when the delivery will be nor any discounts.

For graincos that sell grain every day not to be able to set protein and grade discounts the day you sign a contract is odd at best and collusionary because they are the ones, as a whole , that set them at delivery.

And discuss. Lol.

[tweety]

Nothing to discuss, you're right.

[stonepicker]

Looks like a lot on here don't want to think for themselves ( more grasshoppers than ants ) If your smart enough to grow the grain, shouldn't you be smart enough to sell it?

[wilagro]

stonepicker: We are not all multi-taskers like you apparently are.

Frankly, your statement is BULL****.

[mustardman]

Funny thing is the guys who are the worst at "marketing " are the ones who think this system is great.
Ya just dump every bushel right off the combine,price doesn't matter, life is good

freedom is just another word,for nothin left to lose

[tweety]

The 'good marketers' always win big when they go to Vegas coincidentally.

A "good marketer" would have sold a lot of crop for this harvest. Smart move? Bad marketing? Doesn't matter in the end over several years? See answer #3. Law of averages.

[charliep]

For what it is worth, I did a comparison of average elevator prices last fall, average prices during May and an average price October to the end of May.

In the case of wheat (1CWRS 13.5), the average price from Oct/Nov last fall was $220/tonne. The average price during the month of May was $214/tonne. The average price from October to November was $213/tonne. Not including cost of carry (i.e. interest and storage), the farmer who sold last fall was $6/tonne better off that their neighbors who waited till this spring or average their sales out.

In the case of canola, the fall average price was $408/tonne, the 8 month average price was $424 and the May average was $450.

Didn't include any of tools the farmer could have used to lock in better prices/manage risk.

[dave4441]

Market to profit per acre. You don't know if prices are going up or down. Maybe harvest is the best price. Maybe it isn't.

Green pea sales are non existant. Dead market and has been for months.

[stonepicker]

Well willagro, any idiot could sell their grain to your beloved cwb. If you want a better price for your wht., study the markets and learn for gosh sakes! Some on here complain but do nothing to improve their situation. Ya i know, everyone is ripping us off!

[fjlip]

You are right Bucket there is NO open market! Billionaire's playground, we are their pawns. Kid yourself if you wish.