Market gurus

[Guest]

$275-300 would be a dream here
Currently about half of that here
Or are you talking malt and me feed?

[errolanderson]

Strategy for low quality wheat . . . consider moving feed wheat and replace with higher quality paper. ie: Minneapolis spring wheat call options. This strategy injects cashflow, while upgrading your wheat quality on paper. In the event a winter rally, top grade price gains will outperform the feed market.

This strategy could be used for canola as well . . . .

[bucket]

Strategy for low quality wheat . . . consider moving feed wheat and replace with higher quality paper. ie: Minneapolis spring wheat call options. This strategy injects cashflow, while upgrading your wheat quality on paper. In the event a winter rally, top grade price gains will outperform the feed market.

This strategy could be used for canola as well . . . .

Good idea....now where do you get rid of tough/wet feed wheat?

If you can't answer that question there isn't much chance of taking on the next part of the equation....

[farmaholic]

Strategy for low quality wheat . . . consider moving feed wheat and replace with higher quality paper. ie: Minneapolis spring wheat call options. This strategy injects cashflow, while upgrading your wheat quality on paper. In the event a winter rally, top grade price gains will outperform the feed market.

This strategy could be used for canola as well . . . .

A more detailed example please. Numbers, options costs, etc.

[furrowtickler]

Strategy for low quality wheat . . . consider moving feed wheat and replace with higher quality paper. ie: Minneapolis spring wheat call options. This strategy injects cashflow, while upgrading your wheat quality on paper. In the event a winter rally, top grade price gains will outperform the feed market.

This strategy could be used for canola as well . . . .

A decent strategy, will just have to see if there are any pennies left after bills are paid to do that.
Selling feed wheat at break even or in some cases a loss leaves very little or zero to play with.
It’s an unfortunate reality in many areas this year many can’t grasp. Two bad harvests in a row have left some areas with SFA .

[bucket]

Guys that suggest these ideas without knowing how difficult it is to get this harvest off and the downgrades. ...

Tough feed wheat will net out about 3 bucks a bushel....

For some reason grain has to be dry to feed animals...

If my neighbors cows get out they will eat all the tough grain there is for as long as they can...

[malleefarmer]

Feed barley. There’s shit loads o animals to be fed but as a mixed farmer was costing me about 2700 to 3000 every 10 days last year.

[malleefarmer]

Wheat moved up a leg. Weather woes? USA Canada Australia? Or Brexit kick?