Well they won't take mine for milling if it isn't assured,
What I can’t quite understand is if everybody holds out till May for example then how do the physical movement logistics work?
Already this year, with no significant export boats, any feed wheat I have sold has been in a queue of up to 2 months to get into U.K. feed mills and 3 months into flour mills who obviously can’t take delivery of a huge amount of withheld grain at the end of the season. So, whilst the theoretical price might be high, it’s only really worth something if somebody can actually take delivery of it, no?
Just shows how everything you hear needs treating with suspicion. I wonder if there was deliberate misinformation put about by the trade to keep the price down?Well I made some forward sales that seemed good at the time but now look bad. My average will be well below 200. At the time all I kept hearing was there is plenty of wheat in the world ….. and suddenly there wasn’t.
Most if not all tenant farmers which includes us , mind you last couple of years prices has helped , can remember past years when an awful lot of corn had to be sold to pay the rent etceveryone can't hold out to may, most farms need at least some cashflow long before then
im thinking the same but every time ive got close to acting its gone up , at least on the futures as euro august is currently a tad over £500/tplus bonus , not yet had a price for as delivered of combine, have you ?I'm seriously contemplating cashing out on harvest 22 OSR am I mad?
There is plenty of wheat in the world , it's just in the wrong placeWell I made some forward sales that seemed good at the time but now look bad. My average will be well below 200. At the time all I kept hearing was there is plenty of wheat in the world ….. and suddenly there wasn’t.