West Coast asking...

[bucket]

If it's not selling for close to that .....why the big jump?

Sure puts information in perspective and what the basis is today?????

[sumdumguy]

It's the Sahara Desert out here.

[MBgrower]

some on here think west coast trade values are of little signifcance to farmers.

[biglentil]

some on here think west coast trade values are of little signifcance to farmers.

Its bullshit when an 18wheeler can get it to the coast cheaper than the rail. Rail is 6 times more efficient we are being screwed. Thanks all of those that rolled over dead on the crow rate. Sarcasm

[farmaholic]

biglentil, the basis is "MADE UP"......of many costs.

Sometimes I just can't help myself.

[farming101]

Portland bids down 50 cents a bushel today.

[farmaholic]

Portland bids down 50 cents a bushel today.

Maybe next week's report of West Coast asking prices will be down then. Local bids slipped.

I can ask what ever I want for things I sell, doesn't mean I'm going to get it.

[farming101]

Being the last one with grain to sell doesn't seem to work too well either.
No one needs it anymore

[danny W1M]

101, any thoughts on the MGE Wheat SEPT chart? Did we put in a chart high, are we building the first shoulder for a H&S formation, profit taking pause before the weekend(July 4th esq related) any elevator up again next week if no change in the forecast?
Seems hard to believe this could be the high with all the rough weather around the world?

[farmaholic]

Being the last one with grain to sell doesn't seem to work too well either.
No one needs it anymore

That can be true, but this year it could pay dividends if you can afford to sit on it. Being the last one with grain to sell when no one needs it but you need the cashflow is a big problem for THE GUY HOLDING THE GRAIN.