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Once they fill the contracts that were shorted by the drought watch the prices drop as they are just back to back on sales your 950 peas are being used to cover forwards by the farmers that cant fill their contracts its those guys money in the spreads youll be getting not the grain cos. and they dont care if they have to bid 15 bucks to fill the cars cause it aint their money the're paying with, god help the poor buggers that forward priced and got wiped out this year .
Some guys must be in a tough spot with their bankers who may be forcing them to pre-sell in order to get a line of credit. Just my guess with price levels like we had this spring? Russian roulette in the grain industry for both farmers and grain buyers.
Their is a 9 in alberta to swift then a 8.80 this way for peas 9.50 is a dream now as with only trust the grain merchant for price your screwed but if you wait jan at 9.20
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