Yellow Mustard Prices

[charliep]

that should be 5 to 10 % of production every month (assuming the CWB prices over an 18 month period).

[parsley]

GOVERNMENT APPROVES INCREASE TO WHEAT AND BARLEY INITIAL PAYMENTS


OTTAWA, Ontario, October 2, 2007 – The Honourable Gerry Ritz, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board, today issued the following statement regarding the Government’s approval of a Canadian Wheat Board (CWB) request to increase initial payments for wheat and barley.



“Farmers work hard to grow the grain they sell and they should get paid for that work as quickly as possible.



“Canada’s New Government is committed to getting high commodity prices into farmers’ pockets quickly and that’s why we worked hard to expedite the CWB’s request for an initial price increase.



“This government is committed to delivering action for farm families and is also committed to accountability. CWB initial prices put taxpayer dollars on the line and it’s important to go through the due diligence process.



“This process usually takes between eight and 12 weeks. Canada’s New Government did its due diligence and delivered the initial payment increase in less than seven weeks.



“Hard working Canadian farmers produce some of the highest quality food in the world and they deserve every opportunity to choose and benefit from the marketing options to make the most of the high prices they’re currently enjoying.”





For more information, media may contact:


Media Relations

Agriculture and Agri-Food Canada

Ottawa, Ontario

613-759-7972

1-866-345-7972



Todd MacKay

Minister Ritz’ Office

613-759-1059

[charliep]

CWB link.

http://www.cwb.ca/public/en/newsroom/releases/2007/100207.jsp

[grainboy]

out of curiosity why 43?

[grainboy]

out of curiosity why 43?
and do we think this market is at a real shortage or is the price more hype? also what are we going to see for contracts 25-30?

[cottonpicken]

I tack on 3 cents for all the goughing that goes on.

I would bet 30 cents will be the minimum contract price.

[mustardman]

Four or five years ago when yellow hit $.70 a pound I jumped too soon and got $.45 and I am sure the next year the contract price was no more than $.24

We need a big price, the yellow mustard here looked like 30 but yielded 13. Unfortunately mine was contracted at $.24 a pound.

I think yellow mustard like canary maybe we should grow a few acres every year and sell every five when the price spikes

[mustardman]

Actually 13 bus/acre is at the high end there were many fields at 10 or less. Durum was the pleasant surprise at 35.

[mustardman]

Memory check -I think the contract price was $.26 the year after the big spike. Anyways the buyers will start low and see if they get enough acres signed up,and raise the price if they aren't. There will be lots of interest so contracting would be the wise thing next year unless you want to store for couple years waiting for the next big spike

[charliep]

Just heard 50 cents/pound for yellow mustard. Don't know if a short (dealer who has sold/doesn't have product fill contract) or where the market is. Others being offered this price?