Who is willing to lock the bins?

[Hopperbin]

OK my father locked the bin on some yellow mustard for 8 years. I am not prepared to that,I would like to have my grain gone within the year at the best price I can get. So Saskfarmer what is your selling point for wheat canola peas. What is the sense of locking bins if there is no trigger?

[Burbert]

Everyone has a different agenda, hence bins won't/can't stay locked. No organization, no way to influence the market. Someone will always sell, even at a loss, to screw up the neighbour. Grain companies may even offer up a special deal to some, 1 cent more per bushel can go a long way at times! LOL lock up the bins, not a chance, won't ever happen in this great nation! Canadians always do the right thing, sell cheap to a creep....

[TOM4CWB]

Burbert,

How do you think Canola got over $700/t... as recently as last month?

With one of the biggest Canola crops in years!

Your understanding of the grain market... and what the CWB actually achieved... staggers the mind!

The biggest thief in the grain stable; the CWB on basis on our wheat.

WHERE is the money... Burbert?

[SASKFARMER3]

Wheat its 10 or better Durum 16 its dry down south in ND Montana and Canadian number will be lower since south has poor crops. Their is no 70 crops near Regina or moose jaw. Canola over 16 and oats at 5 peas at 10 to 11. then I will open up the bins, Ill even be nice to the fert and chem and grain companies. Till then go to H e double hockey sticks. My plan is simple sell all contracted and deliver this fall, cash needs are met and all bills paid then can ride it out. Watch and pick what goes first as far as sales. Get a plan and stick with it. Also one note I have seen a huge amount of Oats seeded this year south of #1 highway If the seeded acreage report is right then most of sask oats is in this area. After assesment of yield. They have a nice 50 to 70 , not like a northern crop 90 to 120 total oats production is not their.

[cottonpicken]

http://charts3.barchart.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym= DXU8&data=H&code=BSTK&evnt=adv

Yes this has everything to do with everything.

What side of the trade do you want to be on?

[DogPatch]

Saskfarmer?........ what will be your selling price if we get frost? Won't be any livestock producers left with an attitude like yours?

[Hopperbin]

Well Hiteck just bought out the LAPC and rumor has it they will buy out Stomp Pork Farms. I guess some livestock producers have money out there yet. Well as long as I get to sell grain that is a good thing.

[ado089]

Hate to break it to you guys but we could all not even bother to put in a crop never mind lock the bins and grains are going to slide. The smart money has left commodities now the rest of us are left to pay. Stagflation will be replaced with flat out inflation as the system is forced to absorb these high priced goods. Bonds will be the next place to invest as interest rates rise.

[jensend]

grain prices might make one more run up but it won't be because a few farmers locked the bin doors. it will be for the same reasons for the price increases so far - speculation and market influence. next time (if it does go up again) the selloff will make the last few months look like a slow leisurely decline because the specs will all want to be out the door real fast. farmers who want to take advantage will have to be nimble and lucky.

[furrowtickler]

At the end of the day the world grain and oilseed stocks are going to be dangerously low. This world crop will not be as large as the specs and markerts think - that is why we are locking the bins for now. Come jan/feb the market will step up and have to buy grain again, not just steal it. I know, and so does every one else with a brain, that locking the bins will have no effect on todays or tomorows prices. The point is that the market should rebond 3-4 months after harvest - thats all that S/F, myself and other think. I am betting on harvest lows into the first half on Dec.