Chinese Wheat Auction Prices From Reserves...

[biglentil]

$10 a ton can often mean win or lose on a sale to international buyers, bulk ship loads rule.

[Klause]

That's what it works out to put into a container that CN intermodal can pick up.


You need to find a buyer, have a specific quality he/she needs, and then make a deal happen.


Meeting with a fellow from India, and another from China (who we made a prior sale to) later on in June/July. There's always risk, but it isn't that big of one if you use proper instruments of credit. This is also why we met up with our friend from Iran. That's a huge market, it has money but it needs food. If we can get into there, we will.

[wmoebis]

Wonder if a group of farmers could get together and organize a large sale and return all the profits back to it's members, less the cost of marketing?

Maybe we could even do it on bulk shipments, hire someone with elevator and terminal to process and ship it for them.

I know just a crazy thought!

[farmaholic]

I guess if you're willing to assume some risk and maybe do a bit more work, you might be rewarded instead of selling into a "blended down to the lowest common denominator generic market", were premiums for quality can be fleeting or non-existent.

[farmaholic]

I'm referring to the niche shipping not the large scale thing you're talking about wmoebis.

By the way, didn't "something" resemble that model in recent history.

Here we go.....The G3Predecessor debate.

[wmoebis]

By no meens. I am talking about maybe a single ship load of specialty spec grain. Maybe No1 Lentils that could bring a premium instead of farmers selling for the same price as a 2. Something along that idea.

Klaus thinks outside and has made contacts maybe he has ideas

Or can shoot idea down.

[sumdumguy]

Pas Moi Klause, all those countries you mention are a big no-no in our business. Letters of credit mean nothing in a foreign transaction. I'd like you to comment as to whether any one of these guys qualifies for EDC? Our experience has taught us the US and Europe have the most reliable customers. We had customers in Mexico who first took us down to Mexico City, wined and dined us, flaunted their wealth and were approved by local trade department, bought and paid for 3 shipments of Canary, no problem. They deposited the payment at our bank and the goods were released by us at Laredo. Sounds safe- yep until his friend works at the freight forwarders and releases 2 loads without our documents to release. When we tried to chase it down they no comprendez. We had 8 loads en route and the remaining six were turned around and brought home. The only way we sell is on prepayment only or we don't send product -simple as that. We learned the hard way, but not too hard.

[stonepicker]

Ah!!! free enterprise! During the --- days we would be visiting klause in jail if he tried that. Free at last!!! And instead of getting 6.50-8.00 per bushel we'd be getting 4.50-5.00 Free at last!!!

[Braveheart]

Middle East = very risky.
Eastern Europe = very very risky.
Asia = very very very risky.

[Guest]

I have enough stress putting grain on a truck to send it 3-4 hours away, let alone putting it on a ship across the world. We have never had any issues with the trucks but there is always the chance. Good for you Klause. DYODD as someone put one time. If you figure it out and need some product let me know!!! Very risky dealing with other nations. Just ask the big boys selling wheat to Egypt with ergot in it. Took a beating on those cargos.