That's my thinkingWell I do hope CF are preparing to pull terms and come back in with N <£500/t..... My hunch is we have seen the peak and I should be selling wheat forward and holding back on fert buying. I suspect in the end I will sit back on both until I can see a viable crop in the ground.
Combinables Price Tracker
- Thread starter Jerry
- Start date
- Location
- Lincolnshire
Whats changed in two days? Naff all. The sentiment is still based on unknown harvests and iffy supply routes. Im still happy to ride out any drops - lets face it from £350 it has to move a fair bit to see a 10% "correction".
- Location
- Lincolnshire
In terms of ex farm prices, Im able to sell for £1 under futures today for November, rather than £11 under futures yesterday. So a £7 drop "on the markets" has not resulted in that in terms of what I can sell for.
Bit of a discrepancy between futures prices and ex farm in the recent times.
Bit of a discrepancy between futures prices and ex farm in the recent times.
hutchy143211
Member
- Location
- E. Yorkshire
Not sure if there's some tactical trading going on as well as the swing of reaction to Indian export ban over the weekend and the backtracking. Given that it closed at £336 last Friday I don't feel like it's moved that much down considering.
If his health rumours have any truth to them then this market could turn on the words "breaking news from Russia".
I bought the balance of next years urea yesterday (July / August (edit) £720 bagged, 28 days) so despite the falls I'm pricing some October wheat to cover it...
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lloyd
Member
- Location
- Herefordshire
- Location
- Lincolnshire
Well, I did two loads for May 23 at just shy of £340/t ex plus premiums as applicable. Hence breaking the promise of no forward sales. But I did buy some urea last week so, well, you know.
It was, now edited the typo to the correct price of £720
On a brighter note, that's the first sale of new crop done with 10 loads (approx. 25%) at £340 for October, so as mentioned a few posts up actual sale prices haven't been too badly affected by recent futures falls.
If I'm on here in 12 months saying that I sold too low and it's buggered the average, then there's going to be some queer events in the near future. Today was a judgment call on either Putin karking it during this marketing year, or all of us glowing like the Ready Brek kid.
£340 is a good price , I can't get thatIt was, now edited the typo to the correct price of £720
On a brighter note, that's the first sale of new crop done with 10 loads (approx. 25%) at £340 for October, so as mentioned a few posts up actual sale prices haven't been too badly affected by recent futures falls.
If I'm on here in 12 months saying that I sold too low and it's buggered the average, then there's going to be some queer events in the near future.
lloyd
Member
- Location
- Herefordshire
£720 still looks well bought.It was, now edited the typo to the correct price of £720
On a brighter note, that's the first sale of new crop done with 10 loads (approx. 25%) at £340 for October, so as mentioned a few posts up actual sale prices haven't been too badly affected by recent futures falls.
If I'm on here in 12 months saying that I sold too low and it's buggered the average, then there's going to be some queer events in the near future. Today was a judgment call on either Putin karking it during this marketing year, or all of us glowing like the Ready Brek kid.
SilliamWhale
Member
lloyd
Member
- Location
- Herefordshire
Wheat price live (USA wheat)down only 1.3% at the moment.
Dow Jones badly performed yesterday down over 3%.
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yellow belly
Member
- Location
- south west lincolnshire
a lot of grain was traded last july when the price dipped £20 190 down to 170 for following may 13 % drop
biggest mistake for those that sold
current dip is less in percentage terms
crops around the world are in a worse state than last year and stocks of grain are lower
to sell on this dip need very good reasons
biggest mistake for those that sold
current dip is less in percentage terms
crops around the world are in a worse state than last year and stocks of grain are lower
to sell on this dip need very good reasons
Well I’ve just panicked!
Bought 27N+9So3 compound at £650
Sold wheat for Nov £345
- Location
- Lincolnshire
I sold around eight percent of my expected crop.
- Location
- Lincolnshire
Maybe someone was holding a large may position at a good profit. Wanted to sell it all in one go but not enough buyers. Drove it down too far to clear all sales and now its bounced back.
the market got wind of my 4 loads left in store. I’m not going to say if I sold it or not in fear of the market crashing again.
- Location
- Lincolnshire
The fear my ten tons in the trailer tipping us from import parity to a net export position.