Chinese Wheat Auction Prices From Reserves...

[farmaholic]

Excerpt from "Weber's" newsletter and Reuters I guess....

China auctions 10,841 tonnes of wheat from state reserves - China auctioned 10,841 tonnes of wheat from state reserves at an average price of 2,489 yuan ($378.14) per tonne, according to an online statement posted by the national trade center. During the auction, one type of white wheat produced in 2013 and one type of mixed wheat produced in 2013 failed to sell, while a 2014 produced mixed wheat transacted at 10,841 tonnes with an average price of 2,489 yuan per tonne. (REUTERS)

Do the conversion, yikes, sell direct? If that is US funds it's even better than CAD.

[Klause]

9.75 at farm mid sask shipped to China. .... we will send container loads again this fall provided we have decent quality

[wmoebis]

Wonder if it was equal quality to CWRS or lower quality like CPSR/ CWRW?

[farmaholic]

Just sold 500mt of 1 CWRS 15 px locally. What Is the risk like Klause? Are you paid before shipping? Would be nothing worse than rejection on the destination dock and having to take less and hopefully find a new home for it. Bagged or bulk in container?

[farmaholic]

How many tonnes per container? Assuming bulk cargo shipping most cost effective? But I suppose putting something in empty containers on their way back to China is cheap.

[furrowtickler]

Just shows how bad we are getting screwed on wheat here in western Canada 👎👎👎

[Braveheart]

Our freight forwarder advises not to do business with China. They've had too many defaults.

[biglentil]

9.75 that would take out alot of canola acres. New rotation wheat snow wheat.

[wmoebis]

Auctions are sometimes buyer market sometimes sellers market. Wonder what reg prices are or is this how all Wht is sold?
If so how do they set price when they buy?

[Robertbarlage]

Is that really picked up at farm or is there freight to be stolen I mean taken off that?