#2 Large Green Lentils

[farming101]

Last time average was 40 cents was October 2017, 10 year high was 76.06 in April 2016

[dave4441]

What info has Dave given? If the market doesn’t know what there is maybe they offer a premium to find out.

A simple discussion online about quality is going to open up some thoughts on where this is headed. Wish someone raised the issue before I sold $7 Durum.

Counter issues are supply from people like Russia? They have actually dominated some of our top markets like Iran/Dubai. So it's not all about Canada either. I have no clue what is going to happen in this market.

If we had 600000 Mt of expected #2 production do we now have 300,000 Mt of #2? That would be a massive issue.

But if we also on the other hand have 300,000 Mt of low quality that could be important if one has a bunch of #3 product green lentils. One winter I sold 5000 MT of feed lentils to South America. Today they won't touch it with a 10 foot pole. They want good #2. That's a change.

[jazz]

Just don't treat me like a fool!

Like those desperate texts we were all getting a month ago. They know whats up. This crop in Canada and the US has been ****ed since June. All that farmers edge drone data has made millionaires without lifting a finger.

[SWFarmer]

A simple discussion online about quality is going to open up some thoughts on where this is headed. Wish someone raised the issue before I sold $7 Durum.

Counter issues are supply from people like Russia? They have actually dominated some of our top markets like Iran/Dubai. So it's not all about Canada either. I have no clue what is going to happen in this market.

If we had 600000 Mt of expected #2 production do we now have 300,000 Mt of #2. That would be a massive issue.

But if we also on the other hand have 300,000 Mt of low quality that could be important if one has a bunch of #3 product green lentils. One winter I sold 5000 MT of feed lentils to South America. Today they won't touch it with a 10 foot pole. They want good #2. That's a change.

You can get $8.50 durum for April delivery in SW Sask now.

[bucket]

7 bucks for durum prior to the rain was a solid contract because had the shit weather not come you would be looking at 6 bucks or less for 1cwad....

There was some big crops coming ....they are still there ....just more 4 and 5 cwad than 1cwad now.


The 2016 durum fuzz crop gives the path forward... store it and blend it off....if you have a 1cwad deliver the poorer grades ...take the shitkicking if you can and make it up on 1cwad premiums that will be showing up....

[LEP]

You can get $8.50 durum for April delivery in SW Sask now.

That equates to less than $7.50 in WC Sask.

I know Greta would be furious but it by truck from here to reach that market.