Durum price drop

[Jagfarms]

[Jagfarms]

It was $22 last week and $21 on Monday. Price went up fast but came down even faster

[Ache4Acres]

Hmm they must of found a way to make synthetic durum

[biglentil]

Local terminal is posting 18.22 at the close today. I think g3 is out to lunch.

[newguy]

this was end of the day price.

[oldjim]

Local RP durum price Sept 10: #1 12.0 $18.58. Down from $19.70 yesterday.

1 RS 13.0: $9.70.

[jazz]

Yes, nasty drop in durum price confirmed. 3-5$

Not sure what games are being played here. The northern hemispheres durum harvest is in the books. There is nothing extra coming for 9 months.

[newguy]

Yes, nasty drop in durum price confirmed. 3-5$

Not sure what games are being played here. The northern hemispheres durum harvest is in the books. There is nothing extra coming for 9 months.

Lots of durum still coming off yet.Think they got enough for early sales.When they need more the price will bump back up.By dropping spot price saves them money on contract overage.May sound like a drop in the bucket but adds up over time.

[biglentil]

Pretty simple won't be selling any while the price is down in the gutter.

[newguy]

Pretty simple won't be selling any while the price is down in the gutter.

I would not say 17.40 is a price in the gutter.If I had my crop off when it hit 15 I probably would have sold it all.Sold 2/3 of it for 18.50 #5.So I could get over 20 for 3 if the spread widens.