Min prems for G1 & Cordial for Harvest 16!!!!

[ADM Direct]

Launched at Cereals and proved very popular are our new season G1 and Cordial contracts. For the 2016/2017 marketing year we are taking on a limited tonnage of guaranteed min priced contracts. The min will vary depending on your area, and proximity to our mills ranging from £15 up to £20. Regardless of the min level it is widely accepted that milling wheat acreage will be higher this year. If quality is good, milling prems will be low, if the quality is in short supply, then prems will be high. Our min contract allows you to avoid the poor prem, yet allows you the full upside should the prems be higher. These are non-defaultable no risk contracts and if you are interest I would ask you to PM us asap to grab a tonnage, leave you name, address, contact number and tonnage requested, and a local ADM buyer will call you. I can not stress enough, there is a limited quantity.

 

[franklin]

All gp 1s?

 

[ADM Direct]

If you are asking, does it include Skyfall and Trinity, then the answer is yes.

 

[Andrew K]

How about Edgar?

 

[ADM Direct]

group 1's

 

[Steevo]

Looks like premiums are down £5/t on last year. The milling wheat acreage may well be higher this year and next, but I'm wondering how many farmers will actually hit it.

 

[ADM Direct]

Steevo, no body knows.....hence the support of the mins to avoid the worst.

 

[Steevo]

Steevo, no body knows.....hence the support of the mins to avoid the worst.

Perhaps so! Disappointing the contract mins are much lower though - £15/t certainly questionable as to whether it's worth the extra costs associated with milling. Just my take on it though.

 

[Andrew K]

group 1's

Warburton take it as a miller.

 

[ADM Direct]

@Andrew K does that mean yours is already committed to Warbutons or have you got some extra you are looking to commit?

 

[Andrew K]

Not commited as yet.

 

[Baling Hay]

Did anyone sign up to this?

 

[Lincsman]

Did anyone sign up to this?

No but i did some at min £20 with my usual merchant, but if it isnt quite full spec its better up the road at vivergo at the moment.

 

[crazy_bull]

No but i did some at min £20 with my usual merchant, but if it isnt quite full spec its better up the road at vivergo at the moment.

how does your gp1 test?

 

[Lincsman]

how does your gp1 test?

hagberg OK, 75kg on some and 12.8 p average

 

[crazy_bull]

hagberg OK, 75kg on some and 12.8 p average

so should be going on the min £20 then!? with approx. £1 off the kghl and £3 on the protein meaning you should be getting a £16 premium over feed wheat, much better than the current market.

C B

 

[Lincsman]

so should be going on the min £20 then!? with approx. £1 off the kghl and £3 on the protein meaning you should be getting a £16 premium over feed wheat, much better than the current market.

C B

Quite, and vivergo will pay very similar with a little moisture averaged and paid 10 days earlier... well at least they were 2 weeks ago collecting hours after being sold.
I will be putting some against these contracts, but have to pick the very best stuff, and go to an "easy" mill.

 

[bobk]

so should be going on the min £20 then!? with approx. £1 off the kghl and £3 on the protein meaning you should be getting a £16 premium over feed wheat, much better than the current market.

C B

My feed was 76 bushel and 12.6 protein , have I missed a trick

 

[crazy_bull]

Quite, and vivergo will pay very similar with a little moisture averaged and paid 10 days earlier... well at least they were 2 weeks ago collecting hours after being sold.
I will be putting some against these contracts, but have to pick the very best stuff, and go to an "easy" mill.

I'm lost, even if vivergo are paying a good feed price, you should still get £16 more than your feed price with your contract.

C B

 

[crazy_bull]

My feed was 76 bushel and 12.6 protein , have I missed a trick

Is it gp1 milling variety with a min premium contract? If not then is likely to be straight feed or maybe a biscuit grade with a 2-3£ premium.

C B