Grain industry rippin us off not just wheat

[wmoebis]

Errol where do you/we find out what future sales (rabbit in the hat) that grain Co's have? Are you also privy to the prices in advance?

[highwayman]

Yes willy lets bring back the single desk, that will definitely fix everything for everybody. Does the term flogging a dead horse come to mind.

[riders2010]

Hahahaha spray fungicide on *** dirt????
Ummm ya!!

Errol .
You guys report absolute bullshit about something that doesn't exist. There is no market. A market is where people negotiate a price.
What you report is really the price we have to take There is Zero negotiating.
They are short peas big time. Where is the price to reflect that?

And yes it is June 3???

[riders2010]

Where do you find the price that grain co s get when they sell the grain we deliver? I can sell green peas for 7.00 I want to know how much that grain gets sold for in India where do I find this?

[samhill]

Wrong time of year to think of a marketing system, but maybe we farm again next year, sooooo.
Start the Western Canadian Wheat Company.
Tender the contract to a large accounting firm, e.g. BDO,MNP whoever.
Grower members can contract up to 60 bu /A wheat on 50% of crop insured certified acres.
Accounting firm negotiates with 1 or 2 grain companies to handle the wheat, price based on basis off MGEX. Get price arranged before Jan 30.

Don't have to control total supply to affect price.

Probably wouldn't work. World wheat is a big market, but someone might want a 13 million tonne guaranteed handle.

Can change accounting firm or grain company every year if not happy.

Do not have to sign up, not forced to sell through company unless you contract.

Difficult to herd cats, I know.

[errolanderson]

wmoe . . . there is no rabbit in the hat. Grain companies don't purchase your grain on spec. Either its hedged or its a back-to-back sale.

If international buyer demand dries up, so will Saskatchewan bids. What's needed to kickstart these bids is fresh demand offshore.

Canola now has fresh bullish news heading into the new crop year which will support both ICE futures and new crop basis levels.

But in my view, demand remains king of commodity markets, not supply. You can have lower prices even if supplies are tight, if global demand is not there to support values. This has intensified globally across all commodity markets.

China is basically in-recession now. They are eating cheaper. And this means deflationary remain alive 'n well.

This global situation is impacting us all across all industries, not just the Sk grain market.

[riders2010]

That's all fine Errol but where do I get the price the sellers of my grain get peas and canary? And in the case of who monitors whether those deals are on the up and up.

[TASFarms]

Durum is a huge rip

[pourfarmer]

Call and ask, I'm sure they will be upfront and honest, as most grain merchants are

[LEP]

Rider, really it doesn't sound too tough the way you explain it.

Why don't you jump in and make a few sales for export. Should be rolling in it by yearend.