Viterra wants grain!!!

[wmoebis]

Just wondering Is there anyone out there that feels like Ritz fixed our wheat marketing problems.

I hear all the same complaints except it is not about the CWB anymore.

[Oliver88]

Todays deal!!!! Quick before its all filled up!!!
Have 1cwrs Low PX Wheat ? Oct del $4.70 Dec $4.88 May $5.46 Jun $5.50 July $5.57 or try TPA's Compliments Viterra

BAHAHAHA....

Unfortunately some farmers will call in and sell at those prices.

[HITTGrapevine]

Pooled grain = market power.
You don't even need elevators any more, like the old wheat pools had a century ago.
This might seem like a far-fetched idea but prairie farmers pooled their grain 100 years ago when they got sick of taking it up the ass.
And, there were a lot more farmers back then than there are today, so organizing should be a lot easier now.
Just requires leadership and committment among the guys who are getting hosed year after year.
Might not be a popular message for a lot of farmers that use this forum.
But I'm NOT suggesting that the CWB be resurrected.
Farmer controlled wheat pools were a completely different thing than CWB and they definitely put market power back in the hands of producers.
(Until they got hi-jacked and sold off to the likes of Viterra that is.)
How many farmers sold SWP shares for pennies on the dollar?
Or worse yet, hung on to them until they weren't worth the paper they were printed on?

[helmsdale]

Know of a fella that took a significant chance and presold a significant portion of this years production at that amazing $9.00/bu. His only mistake was assuming because of the hot dry weather he would have decent protein so booked a generic #1 13.5. Started hauling it in, and the Px tests in the low 10s. Elevator says don't bother bringing anymore, they don't want to tie up any binspace with low protein wheat. Of course, one is not able to lock in the protein spreads at the time of the contract so by the time they get deducting their way from 13.5 to 10 or 10.5 he's hardly any better off than taking the pit price right now.

Only upside i could see is if he decided to let the contract go, and broker it out for someone else to fill who has high protein.

[wmoebis]

Know of a fella that took a significant chance and presold a significant portion of this years production at that amazing $9.00/bu. His only mistake was assuming because of the hot dry weather he would have decent protein so booked a generic #1 13.5. Started hauling it in, and the Px tests in the low 10s. Elevator says don't bother bringing anymore, they don't want to tie up any binspace with low protein wheat. Of course, one is not able to lock in the protein spreads at the time of the contract so by the time they get deducting their way from 13.5 to 10 or 10.5 he's hardly any better off than taking the pit price right now.

Only upside i could see is if he decided to let the contract go, and broker it out for someone else to fill who has high protein.

Blending ability on farm would help there might be some high px that would love to split some of that $9 for immediate movement. Where at asking for a friend. Lol

[Agvocate]

Know of a fella that took a significant chance and presold a significant portion of this years production at that amazing $9.00/bu. His only mistake was assuming because of the hot dry weather he would have decent protein so booked a generic #1 13.5. Started hauling it in, and the Px tests in the low 10s. Elevator says don't bother bringing anymore, they don't want to tie up any binspace with low protein wheat. Of course, one is not able to lock in the protein spreads at the time of the contract so by the time they get deducting their way from 13.5 to 10 or 10.5 he's hardly any better off than taking the pit price right now.

Only upside i could see is if he decided to let the contract go, and broker it out for someone else to fill who has high protein.

Protein spreads are at time of delivery, however you can change the protein on your contract at the posted spread to a different one prior to delivery with almost all companies. The only one I know that doesn't allow that is Viterra. For example the $9.00 contract 2 or 3 weeks ago before spreads widened out could have been changed to 11.0 pro for far less of a discount than now. Important thing to ask when forward contracting CWRS and Durum. As a grower you need to be able to manage that grade and protein spread risk and not all companies treat it the same.

[hobbyfrmr]

Maybe the grain companies are taking a page from the Ag Data companies that keep getting sold for millions and billions. Farmers are dumb enough to give/pay to give data away, maybe they will give the grain away too.
Oh right, you also get to pay for a BS prescription map based on US greenhouse research from the 40's. Ya that's value.

Worth a try.

Heck, some even might pay the trucking.

I dont think farmers are dumb in a literal sense. I do think they are "stuck" and comply with technological updates on the premise of being more productive and efficient. On the other hand I am watching industry controlling farm decisions more than ever. Its fascinating in its own way.

Technology is not all bad. I am sending this post via my cell phone while driving a 32 year old tractor with auto steer. You should hear me squeal when I have to steer a tractor with my own hands!

[tweety]

Would uninformed and naive be closer?

[Hopalong]

Single most irritating thing about wheat board was when employees and supporters inferred that farmers were too dumb to sell our production without their help.

[bucket]

What's the difference between waiting for a cwb call and your money then ...... or listening to graincos excuses as to why your contract can't be delivered because of some lame excuse now?...