- Location
- Huntingdon
Combinables Price Tracker
- Thread starter Jerry
- Start date
- Location
- Huntingdon
The £ has weakened at the same time so only down 50pMarkets look like trading down today, unfortunately. Chicago was down 15c/bushels ($5.50)/mt from LIFFE close last night over night, so expect a quid off wheat and OSR this morning
C B
Grain Buyer
Member
- Location
- Omnipresent
Think you mean Grains Guru? We're not paying £9 over!!!!!!
Sorry, I misread your post. Tone implied you were after a bit of the black gold at crazy money.
@Grains Guru welcome to get in touch, although I suspect @crazy bull and @Grain Buyer have already sold him/her a Panamax worth and are currently stuffing their ill-gotten gains into the thongs of strippers.
@Grains Guru welcome to get in touch, although I suspect @crazy bull and @Grain Buyer have already sold him/her a Panamax worth and are currently stuffing their ill-gotten gains into the thongs of strippers.
- Location
- Huntingdon
solo
Member
- Location
- worcestershire
Sun valley were very hungry for feed wheat last week. Sold my last 23t on Tuesday pm and collected Friday £145/t
Been thinking about this recently. £135 is a profit, which is rule no. 1. But not very exciting, and a long way ahead.
I often sell some that far forward, sometimes win, sometimes loose, but always leaves a profit. This time I am not so sure. Could go £40 either way at moment so I am going to hold for a while. Another £10 could probably persuade me though.
Hmmmm......I would def sell a portion at £145, simple insurance.
But agree £135 is on the edge, will ring them tomorrow to test the water a little more. Been but manic today working ground for Spring barley and lambing.
Daniel
Member
- Location
- Mildenhall, Suffolk
So then which way is it going?
Got three prices for chicken feed on the table.
Jun-Sept = 500t
Jun- Dec = 1000t
Jun - Feb = 1300t
The longer options are £2 discount to the shortest. Will get another price update lunchtime today.
Do we go short and wait for a fall or longer?
I hate these decisions, they have such a massive effect on profit.
Got three prices for chicken feed on the table.
Jun-Sept = 500t
Jun- Dec = 1000t
Jun - Feb = 1300t
The longer options are £2 discount to the shortest. Will get another price update lunchtime today.
Do we go short and wait for a fall or longer?
I hate these decisions, they have such a massive effect on profit.
gut says go long. not much logic. agree there is a lot of pressure on you don't envy you.
- Location
- Darlington
My gut is the same, think unfortunately, we're riding a bit of a high at the moment. Hope I'm wrong :-(
Daniel
Member
- Location
- Mildenhall, Suffolk
If you think the price of wheat/soya is high, then I'm better to buy till Sept or Dec and hope to benefit from a lower price early 2018?
It's all about the exchange rate until september really.
and the weather ...............
if in doubt........ hedge !
And that.
Daniel
Member
- Location
- Mildenhall, Suffolk
I need to get to grips with hedging.
Do you do it through a grain merchant or is have you got an account with IG or someone?
Do it yourself ? buy 50% forward and 50% spot
That's a hedged position
Are you thinking options ? In which case a broker or merchant would be able to help ?
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