Combinables Price Tracker

David.

Member
Mixed Farmer
Location
J11 M40
Me neither.
I know the official line, world awash with cheap maize, UK awash with spring barley, etc.
But still think they are making the most of suppressing barley.
 

Brisel

Member
NFFN Member
Location
Midlands
The devil is in the detail but it usually means you can supply feed wheat if you don’t make the grade. There will be the terms of it in the contract eg max price if the feed market rises above the contract milling price. I've done malting barley contracts on the same basis and never done too badly out of it. Strictly speaking there's no such thing as non defaultable but just know what you're getting into.
 

Lincsman

Member
Arable Farmer
Location
Lincolnshire
I’ve read on here about selling milling premiums on a non defaultable contract
Where do i get one of these please ?
Are there any draw backs?
Make sure the feed price is set in stone, IE a futures price on the day, rather than feed wheat delivered to X mill which is a £15 haul, when you could sell locally out of contact for £5 haul.
 

charlie86

Member
I’ve read on here about selling milling premiums on a non defaultable contract
Where do i get one of these please ?
Are there any draw backs?
There are Minimum £15 Premiums available for Harvest 2021. Basically, your only commitment is to supply the tonnage booked as Feed Wheat, should it fail to make Milling quality.
You can leave the Feed “Base price” unproved until nearer the time or lock in a Feed Base price for the month of movement, ie £145 for Nov 21. Once quality is known (and assuming it’s Milling quality) a Premium can be added, you having the “safety net” of knowing that you have a Minimum Premium of £15/t (in this instance), but could be higher if the market is dictating higher premiums. You can rest assured it won’t be lower than £15.
The contract only becomes defaultable once the base price and Premium is “married together” ie £145 + Min £15.
 

charlie86

Member
Me neither.
I know the official line, world awash with cheap maize, UK awash with spring barley, etc.
But still think they are making the most of suppressing barley.
The other reason is that normally we export a large amount of Barley down to Spain. This year, they’ve had a terrific year for both Wheat & Barley and will be exporters!
There is currently little export demand, together with much needed rains across much of Europe including UK, relaxing the pressures somewhat!
 

principal skinner

Member
Arable Farmer
Location
Bedfordshire
The devil is in the detail but it usually means you can supply feed wheat if you don’t make the grade. There will be the terms of it in the contract eg max price if the feed market rises above the contract milling price. I've done malting barley contracts on the same basis and never done too badly out of it. Strictly speaking there's no such thing as non defaultable but just know what you're getting into.
Cant you just sell feed wheat on the day with premiums as applicable?
 

David.

Member
Mixed Farmer
Location
J11 M40
The other reason is that normally we export a large amount of Barley down to Spain. This year, they’ve had a terrific year for both Wheat & Barley and will be exporters!
There is currently little export demand, together with much needed rains across much of Europe including UK, relaxing the pressures somewhat!
Good for them.
Just because our harvest will be smaller is no guarantee that it will be dear enough to compensate.
I think the thing to remember this year is that the reality might not match up with what we may wish it to be; it could also turn out be 60kg bushel, blackened chicken corn yet.....
 

Lincsman

Member
Arable Farmer
Location
Lincolnshire
As it would to be sold as milling? Sell as feed if it makes spec you get the premium if it doesn’t it goes as feed. Better than selling as milling and not making spec??
Not sure how you are working the one, the lorry needs to be going to milling home if you want any chance of a premium, if it goes to a feed mill or boat you will be getting feed price however good it is.
 

principal skinner

Member
Arable Farmer
Location
Bedfordshire
Not sure how you are working the one, the lorry needs to be going to milling home if you want any chance of a premium, if it goes to a feed mill or boat you will be getting feed price however good it is.
It’s easy, fix feed price whenever, when the crop is in store have it sampled and tested then premium gets added if the crop meets spec and it goes to the appropriate home.
 

Lincsman

Member
Arable Farmer
Location
Lincolnshire
It’s easy, fix feed price whenever, when the crop is in store have it sampled and tested then premium gets added if the crop meets spec and it goes to the appropriate home.
Ah i see now, its what I do before harvest if i want to price some, but once harvested and selling more and I know the quality its sold as per the spec to the best mill for that exact spec... eg some wont take it less than 12.5 P
 
Thanks for the replies to my question about non defaultable sales of milling premiums
I'm suspicious that should i do this my wheat will test at 12.8% - get rejected for milling - they will them make me deliver as feed (but send it for milling anyway and pocket the difference)
I thought there must be more to this that met the eye and that as usually the buyer would have it tied up so they (as the ones testing the grain) can't lose!
 

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Man fined £300 for bonfire-related waste offences

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Written by William Kellett from Agriland

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A man has pleaded guilty at Newtownards Magistrates’ Court to waste offences relating to a bonfire next to the electrical sub-station on the Circular Road in Newtownards, Co. Down.

Gareth Gill (51) of Abbot’s Walk, Newtownards pleaded guilty to two charges under the Waste and Contaminated Land (Northern Ireland) Order 1997, for which he was fined £150 each and ordered to pay a £15 offender’s levy

On June 25, 2018, PSNI officers went to Gill’s yard, where they found a large amount of waste consisting of scrap wood, pallets, carpet and underlay.

Discussion with Northern Ireland Environment Agency (NIEA) officers confirmed the site...
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