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Durum Price

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  • BTO780
    Senior Member
    • Nov 2021
    • 540

    Durum Price

    Wow is the stuff getting flushed down the toilet. Turkey had to stick their nose into this market and destroy it, along with all the mixing of soft white wheat.
    New crop is sinking into the sunset.

    Trying to find some excitement to plant a crop with these aweful prices.

    I don’t want anyone to say these prices are at “historically” high values. Everything else is way above historical levels.
  • zeefarmer
    Senior Member
    • Dec 2010
    • 284

    #2
    High prices cure high prices.


    Couple that with us sending seed, technology, equipment, etc over to that region and somehow we're shocked that they're competing with us for exports......

    Comment

    • BTO780
      Senior Member
      • Nov 2021
      • 540

      #3
      Curing is one thing, killing them all together is a whole different story.

      Comment

      • dave4441
        Senior Member
        • May 2003
        • 1080

        #5
        Originally posted by BTO780 View Post
        Wow is the stuff getting flushed down the toilet. Turkey had to stick their nose into this market and destroy it, along with all the mixing of soft white wheat.
        New crop is sinking into the sunset.

        Trying to find some excitement to plant a crop with these aweful prices.

        I don’t want anyone to say these prices are at “historically” high values. Everything else is way above historical levels.
        The real question now is how much Turkey affects new crop 2024. If Canada went back to average crop and they export 1 MMT+ what happens to price?

        This has been on my mind for three months as i have the most durum acres going in this spring that I have ever had. Could be greasy.

        Comment

        • BTO780
          Senior Member
          • Nov 2021
          • 540

          #6
          Originally posted by dave4441 View Post

          The real question now is how much Turkey affects new crop 2024. If Canada went back to average crop and they export 1 MMT+ what happens to price?

          This has been on my mind for three months as i have the most durum acres going in this spring that I have ever had. Could be greasy.
          How many more are going to increase acres? May have to plant little more wheat.
          At the end it’s all the same, both aren’t going to cover the costs.

          Comment

          • dave4441
            Senior Member
            • May 2003
            • 1080

            #7
            Originally posted by BTO780 View Post

            How many more are going to increase acres? May have to plant little more wheat.
            At the end it’s all the same, both aren’t going to cover the costs.
            Yes, acreage will likely shift from wheat to durum in Canada as well. Spread is too big not to. Likely 10% increase on that alone.

            Comment

            • zeefarmer
              Senior Member
              • Dec 2010
              • 284

              #8
              Originally posted by BTO780 View Post

              How many more are going to increase acres? May have to plant little more wheat.
              At the end it’s all the same, both aren’t going to cover the costs.
              I'm hearing enough guys in NE Sask that have never grown durum before putting some in for 2024. And I'm sure HRS acres will be non existent in WC, SW and SC Sask

              Comment

              • LEP
                Senior Member
                • Feb 2007
                • 2456

                #9
                Originally posted by zeefarmer View Post

                I'm hearing enough guys in NE Sask that have never grown durum before putting some in for 2024. And I'm sure HRS acres will be non existent in WC, SW and SC Sask
                Let em. If we have any wet weather at all, they will find out what a 5cwad is worth.

                Like the time this lady at St Brieux seeded red lentils. Told me in the summer what a wonderful crop it was . It was
                "knee high". In the fall when I asked her she didn't want to talk about it.

                Comment

                • bucket
                  Senior Member
                  • Jan 2008
                  • 17016

                  #10
                  Garbage durum went to feedlots in 2016 for about 3 bucks a bushel, a couple years later that same durum for guys that held on to it was worth twice that. I think when you look at what is happening in Alberta feedlot country , counting on irrigation, there might be opportunities for anything grown. But that can all change with an enormous snow storm too.

                  Just my simple opinion.

                  Comment

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