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    #46
    MALLEE,

    Hmmmm, $285 on farm, $7.75/ bu. 1AUD=0.95CAD. 7.75 x .95=$7.37

    While we struggle to squeeze $7 out of our merchants. #1 - 13.5- 14.0 Px-ish

    Talk of $7 next July..... seven to 8 months away! How's that the time value of money for you.

    Too far from tide water?

    Comment


      #47
      Originally posted by farmaholic View Post
      MALLEE,

      Hmmmm, $285 on farm, $7.75/ bu. 1AUD=0.95CAD. 7.75 x .95=$7.37

      While we struggle to squeeze $7 out of our merchants. #1 - 13.5- 14.0 Px-ish

      Talk of $7 next July..... seven to 8 months away! How's that the time value of money for you.

      Too far from tide water?
      Feed mills here are paying $7 for feed wheat delivered in January. Dry and 58lbs+ is the only requirements. Much easier than haggling with the elevator over a grade disagreement.

      Comment


        #48
        Originally posted by woodland View Post
        Feed mills here are paying $7 for feed wheat delivered in January. Dry and 58lbs+ is the only requirements. Much easier than haggling with the elevator over a grade disagreement.
        Or a discount over a couple tenths of protien.
        Why are the discounts per tenth twice as much as the premiums?

        Pigs and feeder cattle make alot less fuss. Sad.

        Comment


          #49
          Originally posted by farmaholic View Post
          MALLEE,

          Hmmmm, $285 on farm, $7.75/ bu. 1AUD=0.95CAD. 7.75 x .95=$7.37

          While we struggle to squeeze $7 out of our merchants. #1 - 13.5- 14.0 Px-ish

          Talk of $7 next July..... seven to 8 months away! How's that the time value of money for you.

          Too far from tide water?
          I could lock in for may delivery around the $290 on farm plus $1.20 per month carry thatscstored on farm

          Comment


            #50
            here you go redlentil.....


            The Export Sales Reporting Program has its roots in the unexpected purchase of large amounts of grain by the Soviet Union in 1972.*Termed*“the Great Russian Grain Robbery,”*the huge, unanticipated purchases of U.S. wheat and corn that year depleted U.S. reserve stocks and caused a sizable run-up in U.S. food prices.*

            Furthermore, there was growing concern that some companies might have an unfair advantage in situations like this because they had access to market-sensitive information that was unavailable to the public. To ensure that all parties involved in the production and export of U.S. grain had access to up-to-date export sales information, Congress mandated the Export Sales Reporting Program (ESR Program) in 1973.

            Before the ESR Program was established, it was difficult for the public to obtain information on export sales until the products were actually shipped. The program helps facilitate price stability by guaranteeing that everyone has access to the same information at the same time.




            The last paragraph explains what we have in Canada....now...

            You can call me a boomer or an ass....but I had conversations with my MP back when the so called open market was being talked about....they chose not to implement the simplest part of an open market...

            The USA has seen the need for it for some 48 years and counting and they have grain exchanges that help identify this as well...along with a government that doesnt ignore agriculture...

            How long have politicians in Canada been studying the uselessness of the agristability program....

            It took less than a year to implement sales reporting in the 70s and no president since has ignored farmers and the value to the economy....



            disclaimer....I think this qualifies as marketing
            Last edited by bucket; Nov 19, 2020, 07:31.

            Comment


              #51
              BTW ....don't think for a minute that Canada didn't get caught selling cheap wheat to the Russians back in the 1970s.....

              And the politicians since have chose to do nothing about it .....except allow our customers become our competitors...and helped them along the way...

              Comment


                #52
                Does anyone know what it is called when every company hides information that should be public?


                It pisses me off that every week there is a crop report during the growing season and yet no one is supposed to know what is moving at any time....past present or future.

                Comment


                  #53
                  Must be a lot of grain moving if there is that many ships waiting and coming. Are The protesters in Vancouver going to mess up grain delivery.

                  Comment


                    #54
                    When do farmers start paying demurrage charges on them? Who ordered them or do ships just randomly show up hoping someone needs them like a taxi sitting outside the Casino and bars in the city?

                    Comment


                      #55
                      Originally posted by bucket View Post
                      Does anyone know what it is called when every company hides information that should be public?


                      It pisses me off that every week there is a crop report during the growing season and yet no one is supposed to know what is moving at any time....past present or future.
                      Go sit in Banff and count the grain cars that go by. Have a holiday and write it off as farming.

                      Comment


                        #56
                        Originally posted by Blaithin View Post
                        Go sit in Banff and count the grain cars that go by. Have a holiday and write it off as farming.
                        That sounds like fun.

                        Comment


                          #57
                          Originally posted by farmaholic View Post
                          Or a discount over a couple tenths of protien.
                          Why are the discounts per tenth twice as much as the premiums?

                          Pigs and feeder cattle make alot less fuss. Sad.
                          Ironically it all becomes poo................💩

                          Comment


                            #58
                            Just putting this out there.....
                            Click image for larger version

Name:	Ships Dec 2 2020.jpg
Views:	1
Size:	93.0 KB
ID:	770477

                            http://quorumcorp.net/Downloads/WeeklyReports/GMPGOCWeek202016.pdf http://quorumcorp.net/Downloads/WeeklyReports/GMPGOCWeek202016.pdf

                            Comment


                              #59
                              this is just for a laugh for everyone.

                              Comment

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