I don't know. Just good to see an up day right in here. No big moves expected.
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Will be interesting tender
http://www.gasc.gov.eg/wheat%20bids_en.htm http://www.gasc.gov.eg/wheat%20bids_en.htm
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Seems a lot of "profit taking" selling going on, before the holiday, even though ratings are dropping.
KC Wheat commentary,
https://www.barchart.com/story/futures/grains/692547/kc-wheat-examined-will-2021-futures-trade-the-7-handle https://www.barchart.com/story/futures/grains/692547/kc-wheat-examined-will-2021-futures-trade-the-7-handle
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Saw a report that said feed wheat sold for $6.90 picked up in southwest Manitoba. Not just one load either.
What an insult to milling wheat prices.
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Originally posted by zeefarmer View PostYesterday's prices here.
Elevator A $6.50 1RS 13.5
Elevator B $6.63 1RS 13.5
Feed mill $6.85
Guess the pigs will eat beautiful red wheat.
Are these small examples of grainco price fixing?? Showing that "feed outlets" are not part of the "fix", the "group", the "cabal" of families??? Their feed offers are open market.
At any point, can wheat being fed to animals be worth more, than the same wheat being fed to humans???
Is that what it's going to take to raise the price of human fed wheat???
Really need to cheering on the corn rally, the higher the corn = more wheat fed, even if it's #1 14.5pro
I don't care how it's used or, who or what it's fed too, including ethanol.
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I would dump it at a financially solid feedmill at the drop of a hat.
Look at the port asking prices and then your farmgate price. Is that a reasonable basis?
Remember, rail and inland elevator consolidation should have lowered costs.
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Are farm gate prices are being set by what GrainCos sold the grain for or what they buy it for.
I think I know the answer.
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Originally posted by farmaholic View PostI would dump it at a financially solid feedmill at the drop of a hat.
Look at the port asking prices and then your farmgate price. Is that a reasonable basis?
Remember, rail and inland elevator consolidation should have lowered costs.
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Originally posted by farmaholic View PostAre farm gate prices are being set by what GrainCos sold the grain for or what they buy it for.
I think I know the answer.
Geez man really seems like some days competition is non existent for you guys.
Locally here one day. this week a feed mill i kid you not put a bid for peas $45 up on day before immediate 2 day delivery slot. $410 delivered a few other buyers same day had tonraise stakes to get peas was short livjed back to $365. Ps i dont grow peas.
Wheat another day shipping short for a exporter prices up $6 ton$10.
Farmers dont begrudge marketers grain co, feed mills etc making a profit.
We need fliud active exports continually year round and 24/7 pricing opportunitiesLast edited by malleefarmer; Nov 27, 2020, 13:52.
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