Is cwb still buying wheat over there under new ownwership?
The old AWB here is now owned by Cargill a very aggressive buyer at times and in harvest just gone I think I read that 15% of last harvest was sold to awb/Cargill wheat pool.
WA CBH in west Australia picked up about 20% pooled grain.
Pooling/Single desk marketing always fraught with danger in falling markets such as this year.
If canucks really want to do it form a co-op of some sort and go for it.
Cash is still king here for most.
When forward cash prices get to equivalent of 260 on farm here which will happen on some weather spikes or left field events may happen in traditional april may timing again in june july then October often spikes its a sell signal for me 30 to 40% of expected production. Maybe in the lick maybe scale up selling depends on my view of market.
Early January we got to within 8 dollars of target price.
We have a large domestic market which always trades above export prices may not be quite the case in the Canadian marketing utopia.
Usually target price is higher but changes every year, hence the lowering of 10 this year.
The old AWB here is now owned by Cargill a very aggressive buyer at times and in harvest just gone I think I read that 15% of last harvest was sold to awb/Cargill wheat pool.
WA CBH in west Australia picked up about 20% pooled grain.
Pooling/Single desk marketing always fraught with danger in falling markets such as this year.
If canucks really want to do it form a co-op of some sort and go for it.
Cash is still king here for most.
When forward cash prices get to equivalent of 260 on farm here which will happen on some weather spikes or left field events may happen in traditional april may timing again in june july then October often spikes its a sell signal for me 30 to 40% of expected production. Maybe in the lick maybe scale up selling depends on my view of market.
Early January we got to within 8 dollars of target price.
We have a large domestic market which always trades above export prices may not be quite the case in the Canadian marketing utopia.
Usually target price is higher but changes every year, hence the lowering of 10 this year.
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