Barley?

[charliep]

A contact I have indicated there is some new crop activity but very rare right now. From your question, I would expect you are finding the same.

As advisors, do we push farmers to hedge western barley starting at $145/tonne? Is a part of the strategy to keep some stops in place $5 to $8/tonne above the hedge? Realize this is not a hedge strategy but rather an admission that world/north American feed grain supplies are tight and subject to weather.

My thoughts are always to consider the things that might happen and actions you will take if they do. The strategy could just as easily be to keep selling.

[rain]

We wait the see what crop insurance is going to be. What kind of bais did your contact indicate Calgary Region for new crop barley?

[charliep]

Checked into whether Alberta crop insurance values had been made public and was told they had so I can let you know values. Feed barley was set at $115/tonne. The basis used is $20/tonne under. The price applies to all regions of Alberta.