Cargil earnings up 62%

[jensend]

look at it from mosaic's point of view. collusion and gouging is perfectly fine; it's called fiduciary duty. as long as there's no competition there will be gouging.

[mbratrud]

Bucket,

I completely understand where you are coming from... Don't get me wrong I get just as fired up as the next guy over high prices and as a producer we have to navigate through these silly prices the best we can. My point was it's not realistic to expect to have it both ways Sell our product in a Free Market and in the next breath expect other businesses in the sector to not take advantage of a stronger ag sector.

If we look beyond our back door the World Market will help stop the gouging. The average consumer of food likely thinks the Farmer is gouging them as they have seen food prices go up.. I don't know about you but I don't intend to sell my wheat for less because some soccer mom wants cheaper wheaties.. The Market will determine the price.. Fertilizer will not stay high for ever, as you well know it is softening with the price of Commodities.

It is obvious with the Mergers and closures and consolidation in the industry that these companies have not been doing very well over the past 10 years... The whole sector needs to be healthy.

If you were suddenly phoned by 100 buyers that wanted your wheat, would you try and keep the price low?

The panic buying from producers over summer has been a contributing factor to these prices... I know guys that have bought their glyphosate and Fert for next year... What kind of signal does that send to the suppliers?

Overall point is I think it is unreasonable to expect companies not to make money and take advantage of a fortunate sitaution... Cause you know the next year may be a whole different ball game.. There are retailers out there that I suspect are sweating bullets right now because the have Inventory that could be worth a couple hundred dollars a tonne less than what it was put in the shed for..

We as producers have to be responsible for our own destiny's for example anyone who bought Fert for next year at these prices should have locked in some new crop to hedge themselves. When Urea was $775 in June Nov 09 Canola was trading around $650 Futures.

It's to easy to blame someone else for our own mistakes.

[furrowtickler]

46-0-0 is currently commong into the gulf at around $360-380/tn, no matter how you spin it current western Canadian 46-0-0 is way,way overpriced - for now. What is FNA getting 34-0-0 for?

[jfburton]

mbratrud,How can you say thats the market when you can not sell wheat to any body you want,that is dictatorship. You can`t have a free market if everybody is not playing on the same rules.
Trouble Maker