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Your wheat market ain’t as crazy as ours

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    Your wheat market ain’t as crazy as ours

    Lower protein wheat ASW Australian standard white trading 10.5% and below no lower limit at $37 premium to APW Australian premium white which is 10.5 to 11.5% protein. So I’m better calling my good wheat shit wheat and taking the premium

    *SITE MALLEE* (Barley/Ex-Farm)
    - - - - - - - - - - - - - - -
    1920 Ex-Farm APWMG/ASW1/BAR1MG
    Bordertown 248/ 292/ 232
    Karoonda 263/ 306/ 240
    Lameroo 258/ 301/ 233
    Loxton 292/ 295/ 238
    Nhill --/ 295/ --
    Ouyen --/ 298/ --
    Pinnaroo 256/ 296/ 229
    Tailem Bend 269/ 306/ 246
    Waikerie 278/ 297/ 240
    Werrimull --/ 286/ --
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    Last edited by malleefarmer; Nov 15, 2019, 00:38. Reason: Clarification

    #2
    My jargon might get you guys at times.
    High grade feed wheat/low grade milling wheat is at a $37 premium to standard milling wheat weird to say the least

    Bar1 is feed barley and discounts for screenings low test weight think about 6 bucks per tonne bar1 bar2 bar3

    Clear as mud?

    Comment


      #3
      Originally posted by malleefarmer View Post
      My jargon might get you guys at times.
      High grade feed wheat/low grade milling wheat is at a $37 premium to standard milling wheat weird to say the least

      Bar1 is feed barley and discounts for screenings low test weight think about 6 bucks per tonne bar1 bar2 bar3

      Clear as mud?
      Hauling to a reputable feed mill/livestock feeder has often paid a premium over the years

      Comment


        #4
        Dry feed wheat is selling at a premium to lower protein Hard red spring here as well. Goes to show that export customers have no money. The shift to feed grain production will lower feed prices to correct this.

        Comment


          #5
          Maybe we have to many grades of wht?
          Maybe it should be like bly.
          Malt or feed.
          Only 2 options..simple..
          Perfect wht or feed?

          Comment


            #6
            Originally posted by Partners View Post
            Maybe we have to many grades of wht?
            Maybe it should be like bly.
            Malt or feed.
            Only 2 options..simple..
            Perfect wht or feed?
            Agreed it’s quite a game.
            Buy based on falling number for milling or feed.

            Comment


              #7
              Bring back the wheat board......just kidding!

              Comment


                #8
                Originally posted by Oliver88 View Post
                Agreed it’s quite a game.
                Buy based on falling number for milling or feed.
                Basically 8 grades o wheat here in normal year.
                Maybe 10 fo barley 3 grades of feed 7 malt but a lot of that is varietal

                Comment


                  #9
                  Originally posted by Partners View Post
                  Maybe we have to many grades of wht?
                  Maybe it should be like bly.
                  Malt or feed.
                  Only 2 options..simple..
                  Perfect wht or feed?
                  How do we price it for the damage that we allow in each grade? Have a sliding price scale for each factor or lump all factors into one and deduct $ on total damage like the USA?

                  There is only one end use for Malt barley, yes a few diff specs within selections, but hundreds of end uses for wheat and each end use requires different qualities and end users won't pay for qualities that don't suit them.

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                    #10
                    Possibly main driver here is China.

                    They need beef and mutton due to lack of pork , feed lots need wheat and barley to feed .

                    Plus hog returns have maybe doubled since start of year again Nina influence they need pork

                    World revolves around China India USA maybe in that order

                    Comment


                      #11
                      Originally posted by malleefarmer View Post
                      Possibly main driver here is China.

                      They need beef and mutton due to lack of pork , feed lots need wheat and barley to feed .

                      Plus hog returns have maybe doubled since start of year again Nina influence they need pork

                      World revolves around China India USA maybe in that order
                      Did you have a glut of beef, mutton and pork or how did you build herds fast enough and affordably to fill that China market? Did any other markets go short because of it?

                      I don't think Canada has an over supply of meat products and not sure how we can rebuild our supplies in our present situation. Hog barns and feedlots have mostly been decommissioned.

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