just when you think you have saw it all ?????

[Guest]

Wanna hear a good one ?
Carried our nexera to the last day at xxxxx ($24.25/ bushel apparently wasn’t enough to get by earlier , lol)
So we have a plus $62 basis, July futures was at $818 plus $62 should be $19.96
But xxxxx says we are only gonna give you $19.19 because there’s no buyers ?
So what good is a *** contract ????
will fill in the xxxxx's next week if they actually try to pull this off ?
has anyone ran into this before ?
we really need a farmers advocacy protection agency from some of stolen check off money

[blackpowder]

Effectively they are changing their agreed upon basis????

[sumdumguy]

If you just keep it a few more days, their tune may change.

[Sodbuster]

Were you trying to sell it on the last day or rolling it? I rolled our wheat contract last Friday after the market was closed at the posted ending prices.

[Marusko]

maybe the grain commission would have something to say

https://grainscanada.gc.ca/en/index.html

anything in your terms and conditions

[Guest]

Nope they have no legislation for that
Told us we’re on our own
Not sure what their mandate is ?
Work for grain CO’s I guess ?

[Guest]

If you just keep it a few more days, their tune may change.

We did that
But nowhere on contract does it say you can’t sell it if there is no buyers ?

[foragefarmer]

Wanna hear a good one ?
Carried our nexera to the last day at xxxxx ($24.25/ bushel apparently wasn’t enough to get by earlier , lol)
So we have a plus $62 basis, July futures was at $818 plus $62 should be $19.96
But xxxxx says we are only gonna give you $19.19 because there’s no buyers ?
So what good is a *** contract ????
will fill in the xxxxx's next week if they actually try to pull this off ?
has anyone ran into this before ?
we really need a farmers advocacy protection agency from some of stolen check off money

Hard to believe, how can they not honor a contract. Losing .79 cents a bushel adds up.

Have you contact their Head Office by chance?

Do you have a lawyer that you have done business with in the past. Maybe a short letter could change their minds?

Just a suggestion . Good luck

[Grahamp]

Was it Richardson? They run a separate basis from commodity canola. So when you signed the contract they may have told you the basis is +60, but it is not fixed like LDC. So unless you specifically locked that Nexerra basis level in, it continues to float until you deliver. In my experience they can be very sneaky about this and generally unless you ask directly they don’t tell you it floats. Worse it can be completely disconnected from the commodity canola basis.

[Maver]

If you're not afraid of burning bridges, start by threatening legal action.. If they don't give, have a lawyer send them a letter. $19+ canola can pay some legal fees.