Combinables Price Tracker

[lloyd]

House prices have knackered food production prices imo, if houses were half the price then people could pay the true price of food. The trouble is government cronies would lose out. I fear what will happen sometime in the future when there will not be anymore space to build houses . Sometime they will have to put a cap on population numbers, theres only so many people an island can house and feed.

Hopefully there will be a correction sooner rather than later.
In the meantime I'd get some cover on barley before it gets dearer.

 

[nonemouse]

Wheat dropping again, at farm level, could only get £277 this morning

 

[Drillman]

Prices up on my frontier app since first thing.

its a Friday as well which is usually a slow day on such things

 

[Clive]

I’m not a Guardian reader, this came up on my Facebook news reel and the headline reeled me in, I have long thought essential commodities like food shouldn’t be allowed to be speculated on and this I feel explains why perfectly

Ukraine, Brexit, Arab spring have one source – prices, says sociologist

Following his 2022 book Price Wars, the sociologist and documentarian Rupert Russell speaks about how financial speculators have sown a new era of chaos

www.theguardian.com

you would not be able to sell your wheat without the existence of commodity markets, they benefit farmers far more than traders and speculators

 

[Clive]

Ask yourself when were the golden years of farming. The ones with stable prices of inputs and outputs, a weekly price from merchants not a price that has dropped by the time you put the phone down and without a weather disaster pretty much guaranteed sustainable profits. Most would say the 70’s and 80’s before the speculators appeared. Replying to the previous post yes barley is undervalued considering in 1984 it was £130/tonne. I have nothing against forward selling or buying between physical users it’s the paper trading/gambling and city rumour mongering that’s the issue

commodity markets rather comfortably pre date the 70's ! ........ 4000 BC in fact or CBOT in 1964

Commodity market - Wikipedia

en.wikipedia.org

The 70's and 80's were golden for farmers due to massive government support via intervention, quotas and very generous production based sub etc

 

[Nitrams]

dollar more interesting than wheat for specs right now

usda about to publish low corn figures apparently

i reckon when the market wakes up to tightness of supply there is still least £50 in wheat yet

its going to get exciting again imo !

I wouldnt trust leaked usda info. Prob strategically leaked t

With out futures there would be no liquidity in the market
We would have go back to a price Managed regulated market with out the freedoms of the western democratic world

There would still be buyers and there would still be sellers, we pesonally would just have to do a better job to linking the two. I hate this idea we need speculators and financial markets to operate.

 

[Clive]

I wouldnt trust leaked usda info. Prob strategically leaked t

There would still be buyers and there would still be sellers, we pesonally would just have to do a better job to linking the two. I hate this idea we need speculators and financial markets to operate.

not correct, there is not ALWAYS a buyer and seller unless you trade incredibly locally , that could be a BIG issue for a country like the UK that is a nett exporter of feed wheat for example , thats is what we need markets for (and to determine the price)

 

[Humble Village Farmer]

Is the government that well organised to have that much control

not likely
If you believe the media they cannot organise a p up in a brewery

They don't need to be organised, they just have to do what the corporate food system tells them.

If you read "Silent Spring", the US government created various laws compelling the use of DDT among other things; there was even one mandating the use of it on forestry land.

Make no mistake, these big companies can afford to buy a lot of influence.

 

[Secret Agronomist]

Agree let's just call feed barley a level £300 t for the next
couple of years and we can all be happy.
Edit I've knocked a bit off in support of the livestock industry
£130 in 1984 is coming out inflation linked at £370 today .

Well I did a lump at 265 for November to give me cash flow for december so it's bound to go to the moon now!

 

[Nitrams]

not correct, there is not ALWAYS a buyer and seller unless you trade incredibly locally , that could be a BIG issue for a country like the UK that is a nett exporter of feed wheat for example , thats is what we need markets for (and to determine the price)

Yes there is, once the buyer and seller have created the market whomever and wherever they are and whatever price stimulates a market. If that market is unsustainable to either side they will adjust accordingly and therefore altering the market accordingly. Whether its domestic or international. Merchants would trade a square book. Why cant the merchants trade a square book internationally as they already operate in export markets? It would slow the markwt down and create potentially more price disparity but so what....more opportunity?

 

[PSQ]

Prices up on my frontier app since first thing.

its a Friday as well which is usually a slow day on such things

Frontier web charts were weird this morning, showing zero change overnight, when Noggers Blog was correctly showing £3 down.
It's just the end of the month, with traders shuffling money around.

Monday will see a truer reflection: as the late Nogger always said "New month, new money".

 

[4course]

Wheat dropping again, at farm level, could only get £277 this morning

really, my merchant must be well short

 

[Woody j]

Wheat up £3.80 should be around £330 here in n Ireland next week

 

[Wombat]

Wheat up £3.80 should be around £330 here in n Ireland next week

recovered yesterdays loss

 

[bobk]

Wheat up £3.80 should be around £330 here in n Ireland next week

Why is there a £30 premium in NI ?

 

[4course]

Why is there a £30 premium in NI ?

cos its next door to europe,

 

[hutchy143211]

US has made strong gains (+40c/4.4%, 50c peak) late this afternoon, London closed to early to capture it fully. Probalby some end of month/Friday games as well as Russian news on annexation.

 

[bobk]

cos its next door to europe,

I thought their policy was cheap food

 

[4course]

US up £13 or therabouts paris up £4 london up £2 somethings out of kilter

 

[4course]

I thought their policy was cheap food

no, its ensuring supply,