$8 Bu for #1 Durum

Commodity Marketing

Tools

$8 Bu for #1 Durum

Sep 16, 2019 | 23:20 1 I see on Johnstons Daily email today there is $8 bu offers for #1 Durum

I see the price spreads are getting bigger for Durum now. Last couple of years there was hardly any difference in price from 1 to feed.

Now #1 is $7 + and #3 is $5.90

Was planning on hauling quite a bit of durum
Off the combine but thinking now might pay to hold on to it for a while Reply With Quote
  • 1 Like

    brs

  • Sep 16, 2019 | 23:29 2 Yea all kinda problems when harvest happy hour didnt get here in time , lol
    $3 oats , $10 canola , $.30 canary , etc.
    What a ****ing game
    Last edited by caseih; Sep 17, 2019 at 05:53.
    Reply With Quote
    Sep 17, 2019 | 01:10 3 Hopefully the price grows faster than the sprouts in our standing durum. Another 1” of rain now starting Thursday. Reply With Quote
    Sep 17, 2019 | 05:29 4 Sadly it is not showing up where the cheques are always good.... Reply With Quote
    Sep 17, 2019 | 06:00 5
    Quote Originally Posted by bucket View Post
    Sadly it is not showing up where the cheques are always good....
    What do you do about it? Ask them if they are licensed and bonded through the Canadian grain commission?

    Then, just deliver it and hope they pay you? Reply With Quote
    Sep 17, 2019 | 06:17 6
    Quote Originally Posted by hobbyfrmr View Post
    What do you do about it? Ask them if they are licensed and bonded through the Canadian grain commission?

    Then, just deliver it and hope they pay you?
    Why would it matter if they were bonded by the CGC....that's no guarantee. ...Viterra sent out a letter about their ILTA purchase but grain settlements for previous owners remain with ILTA. So while the lenders get some money ...farmers are left with SFA.... Reply With Quote
    Sep 17, 2019 | 09:47 7
    Quote Originally Posted by bucket View Post
    Why would it matter if they were bonded by the CGC....that's no guarantee. ...Viterra sent out a letter about their ILTA purchase but grain settlements for previous owners remain with ILTA. So while the lenders get some money ...farmers are left with SFA....
    Farmers at least will receive 90%. Lenders maybe 50% and i think that is on the high side. Reply With Quote
    Sep 17, 2019 | 10:31 8
    Quote Originally Posted by dave4441 View Post
    Farmers at least will receive 90%. Lenders maybe 50% and i think that is on the high side.
    Sure and who's money is going to pay that 90%....

    CGC is still auditing the bond FFS.... Reply With Quote