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Will empty bins be the best investment into the 2021 harvest?

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Feb 23, 2021 | 09:21 1 Just thinking ....if you empty the bins prior to harvest and are careful on new crop sales ....what will the elevators be doing at harvest time?

Whether they are existing bins or new builds it may well pay to force the graincos hand...


Just throwing it out for discussion....no expert opinion from me...just thinking ahead...

BTW even if a guy is well off....isnt it time to empty bins...it has to be a money maker for some with deep pockets/SF3. Reply With Quote
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  • blackpowder's Avatar Feb 23, 2021 | 09:31 2 I'm sure most don't choose to carry much inventory usually. Bin build an investment.
    Have a neighbor selling 8 year old canola. I guess after tax hes still hitting $12 LoL.
    The fall price will be whatever basis off futures they need it to be. It's not a game show.
    By summer I will have sold for fall delivery as much wheat as sensible. Usual program. Reply With Quote
    Feb 23, 2021 | 09:33 3 bucket, I'd be really interested to know, just how much forward pricing is being done, particularly in canola and flax where currently there is a $5/bus spread. But also throw in the soil moisture concern, for such a large area of the prairies. Empty bins will be a good investment, especially if there happens to be a short crop due to drought. Reply With Quote
    Feb 23, 2021 | 09:41 4
    Quote Originally Posted by beaverdam View Post
    bucket, I'd be really interested to know, just how much forward pricing is being done, particularly in canola and flax where currently there is a $5/bus spread. But also throw in the soil moisture concern, for such a large area of the prairies. Empty bins will be a good investment, especially if there happens to be a short crop due to drought.
    Forward pricing is very difficult when you see a plus 3 degree day and snow disappears very quickly...what's the saying about counting chickens before they hatch?
    Last edited by bucket; Feb 23, 2021 at 09:51.
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  • Feb 23, 2021 | 09:54 5 I thought the bins WERE empty? Suddenly when grain prices go up, they aren? Lol Reply With Quote

  • Feb 23, 2021 | 09:58 6
    Quote Originally Posted by bucket View Post
    Forward pricing is very difficult when you see a plus 3 degree day and snow disappears very quickly...what's the saying about counting chickens before they hatch?
    Depends who you ask:

    Scrooge McDuck said it this way, "Don't count your cheques before they're cashed".

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    Feb 23, 2021 | 10:00 7 And no canola was prepriced from combine at $10 Reply With Quote
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  • Feb 23, 2021 | 10:28 8 I've seen lots of early crop year empty standing yard bins that overnight end up as tree decorations.

    Always delay emptying them as long as possible before the next harvest. Just running the odds. Reply With Quote
    blackpowder's Avatar Feb 23, 2021 | 10:32 9 I would think anchors cheaper than interest. Reply With Quote
    Feb 23, 2021 | 12:28 10 Sold some $6 barley today for march most bins will be going ting,ting,ting after that! Seed wheat,oats and barley for bin anchors least till may or maybe all summer if it don't rain in April. Manitoba weather guys talkin about how dry now and will take more than one weather event to make things better. The fun never stops ! Reply With Quote