Truly ugly grain prices

**Ron** · Oct 25, 2008, 08:50

Viagras quotes are screwy. Phone your csr to be sure. But yeah $8 canola sucks

**parsley** · Oct 25, 2008, 08:56

http://news.alibaba.com/article/detail/europe/100015818-1-update%253A-egypt%2527s-gasc-buys-175%252C000.html

On Wednesday:
"Louis Dreyfus
60,000 tons of U.S. soft white wheat at $218.65/ton.
60,000 tons of Canadian Eastern soft red wheat at $201.65/ton.

Bunge
60,000 tons of U.S. soft red wheat, Canadian Eastern soft red wheat, or French wheat at $213.87/ton, on a cost and freight basis.
30,000 tons of Russian wheat at $179/ton. "

Pars

**TOM4CWB** · Oct 26, 2008, 04:35

Checking,

I think you had better check again!

http://www.gov.mb.ca/agriculture/news/markets/grains/index.html

http://www.agric.gov.ab.ca/app21/grainprices

Do you work for a grain co (Obviously not for the big V : ) GRIN)?

**TOM4CWB** · Oct 26, 2008, 06:06

Charlie,

That is quite a site Manitoba has @:http://www.gov.mb.ca/agriculture/news/markets/grains/index.html

Alberta Grain Commission take note... they have very good info... and thanks for the link on the price page to Manitoba!

Charlie perhaps AB/SK AG could get together and build something better than MB has!

**checking** · Oct 26, 2008, 08:14

Took your advice TOM4CWB. My browser still says same. The question is if you took the time to verify; before you jumped to conclusions totally unconnected (and wrong) with my observations about grain price quotes.

**TOM4CWB** · Oct 26, 2008, 09:47

Checking,

Those look like basis quotes... about right level...

Did you actually phone and ask your FBR?

SOmething does not add up... what is the internet link?

**charliep** · Oct 26, 2008, 10:14

checking

There were some weird prices in company quotes
last week. Not sure why.

Alberta does put out a similar (not the same) price
list as Manitoba

http://www1.agric.gov.ab.ca/$department/deptdoc
s.nsf/all/sdd6248

Sask Ag. information location is

http://www.agr.gov.sk.ca/apps/MarketTrends/

**checking** · Oct 26, 2008, 11:17

http://www.viterra.ca/portal/wps/portal/viterra

The above address should get you to the website. If you apply for a password you get access to the prices offered at each of Viterra's facilities.

One of the ways that a buyer can tell you that your product just isn't in demand is to offer an insultingly low price. Another is to post the line of products they handle; and leave the price blank. Personally I take that as a cue as it being a poor time to negotiate any sale. I suggest you'd be the first person to get anywhere near the price you'd consider to be approppriate (as a seller).
I have tried to cut and paste this information. This works perfectly in an email; but not when embedded in a reply to this forum.
Unless there is something drastically wrong with my computer system; the quotes I have mentioned are the same as those the whole world sees from the site mentioned.
There's at least one instance of a quote on this site saying that a bushel of Canola and close to a dollar of your cash; and I guess that they are ready to take it off your hands.

**charliep** · Oct 26, 2008, 14:20

Likely 10th hand information (or perhaps
misinformation) but have heard canola quotes at
pretty high levels from other companies perhaps to
fill a vessel. Everyone needs to shop prices in the
current market.

I would suspect that the indication a company is
not buying canola at this time because their
current sales commitments are covered/already
have too much inventory to be a better approach
than offering insulting prices.

Truly ugly grain prices