Grain Price Lottery

[wmoebis]

Flooding Texas, Oklahoma, Indiana,Ohio. Drought Canada. Still prices not jumping rapidly. Market knows right?

[charliep]

Are you asking everyone to forecast the market high? The average price for the year?

My own way of doing would be to make the pricing fall delivery (Oct,, Nov. and Dec.).

The only other question will you allow anyone to use some of the strategies including buying puts. I actually will be very honest and admit I can't forecast the price. I do have some thoughts about how I might position my market plan.

[mustardman]

Canola $700/bushel OH wait that's for Seed,for farmers selling its only $12 bushel
Durum at port $ 17 At elevator 9.50
Red lentils $ .50 plus
Flax. $ 14
Mustard. $ .49 (yellow)

[cottonpicken]

this isn't 1980 with 18%rate 850 gold,1000 dollar an acre land.

betting a put on anything at this space in time has its risks.

Had suspect before,because i knew agtalk had been infiltrated by traders swinging prices with bs,and said on here get ready for combat

[Partners]

Canola $13.75

#2 wheat-12-pro $7.05

[tweety]

18$ canola times 0 bu/ac is um......

[Oliver88]

I also predict grain companies won't be so picky with grading this fall.

[jake550]

$11.00 canola
$6.50 #1 Red 13.0 Protien wheat.

It's a big world... The buyers will figure out how to get the grain without over paying as usual.

[fjlip]

Afraid jake is right, IGC latest report says there is 30% more projected carryover 2015 over 2014. World DOES NOT need one kernel from Canada...WAY too much grain, that does not make one feel good.

[Ache4Acres]

BigLentil...no rain for you?!?? Those prices will never happen. Canola has too many substitutes and wheat is such a worldwide market that prices are generally relatively stable. Lentils might have more upside with India in a world of hurt.

We need rain, because unfortunately prices can't help us on this one!