Sell Down to Your Sleep Point

[TSIPP]

I can't imagine having 3 year old wheat in storage

I held on to 4000 bushels of flax once, was under 6 and sold it at 20, I almost fed it to the cows when it was 6.

[Simplefarmer24]

I haven't done it in a long time so I could be wrong. At one time you only owed the difference if price was higher on non delivery. Has it changed? Some have fees I know.

Seems like everyone has a different policy... but usually there is some substantial fee to get out of the contract. (difference in price + admin fee) x shortage.


If there isn't a fee - its because the price has dropped quite a bit below your contracted price. (if that happens call your neighbour or find someone else to fill the contract and don't cancel it with the elevator)

[makar]

Seems like everyone has a different policy... but usually there is some substantial fee to get out of the contract. (difference in price + admin fee) x shortage.


If there isn't a fee - its because the price has dropped quite a bit below your contracted price. (if that happens call your neighbour or find someone else to fill the contract and don't cancel it with the elevator)

Just talked to a friend he said cargill wont let someone else fill his contract.

[AllisWD45]

And how would they know??

[Sodbuster]

And why would the care, their still getting their canola. Just need to add a split.

[furrowtickler]

And why would the care, their still getting their canola. Just need to add a split.

They know there is SFA left out on farm, that’s exactly why
they don’t want to get hung

[blueversi]

Haven’t sold a bushel of 2024 production yet. Need something to hold down the bins with these winds since I’m too cheap to buy anchors.

[Simplefarmer24]

Just talked to a friend he said cargill wont let someone else fill his contract.

What a joke. Did they say why?

[Marusko]

Just talked to a friend he said cargill wont let someone else fill his contract.

That's one of those times where you don't say anything, just haul in your neighbour's grain to fill your contract, get paid, and pass on the payment to your neighbour. It's a wash on your books and no hassle or bargaining with the terminal.