Combinables Price Tracker

[Flat 10]

Friend told me he got £143 for good barley into a Cumbrian feed mill, can't find good barley in Cumbria this year so having to cart in from south.

Plenty of crap down here too.....,

 

[franklin]

All our nice feed barley is going to the west coast in a hurry.

 

[wellingtonfarmer]

Any bullish news for osr or shouldn't I ask?

 

[Ramrod]

£142 feed wheat ex for Jan.
£143 for May.
£128 barley Jan.

Feed wheat £142, Who with please?

 

[franklin]

That was Frontier iirc.

 

[J 1177]

One load feb £146
feed wheat

 

[curlietailz]

One load feb £146
feed wheat

Me too
I think we are getting the Ensus premium
Nearly all mine is going that way.... but then I could almost see the plant if I stood on my house roof.

 

[Fish]

One load feb £146
feed wheat

Way too cheep, got £146.50 for 3 loads Feb
Ensus bound.

 

[Surgery]

Way too cheep, got £146.50 for 3 loads Feb
Ensus bound.

Too cheep , offered 150 for full spec milling down here

 

[Clive]

some current option prices


seem like fairly cheap insurance against downside ?

 

[Fish]

Too cheep , offered 150 for full spec milling down here

I know it's a bug_er, that's why most folk in this neck of the woods grow feed.
Can get 150 ex/April for feed wheat, very short haul.

 

[Brisel]

View attachment 620800

some current option prices


seem like fairly cheap insurance against downside ?

Why are they that cheap? Low volatility. Well worth a punt at that nevertheless

 

[Clive]

Why are they that cheap? Low volatility. Well worth a punt at that nevertheless

not really much cheaper than usual - just direct with a broker vs via a merchant (who often probably uses the broker !)

 

[curlietailz]

View attachment 620800

some current option prices


seem like fairly cheap insurance against downside ?

Clive...
Could I ask you to give a very simple explaination of Futures.
How they work "on the ground"...
A farmer has 500 ton of feed wheat in his shed.........

Thanks

 

[J 1177]

Way too cheep, got £146.50 for 3 loads Feb
Ensus bound.

Right thats it im going to ring up and play holy hell!! [emoji12]

 

[J 1177]

Me too
I think we are getting the Ensus premium
Nearly all mine is going that way.... but then I could almost see the plant if I stood on my house roof.

I was stood an a shed roof we were doing recently. and could also nearly touch ensus. Lovely veiw aint it. [emoji3]

 

[Brisel]

Right thats it im going to ring up and play holy hell!! [emoji12]

That's nearly a tenner more than feed wheat down here with 4 feed mills and 3 export docks within an hour's haul from here

 

[Green oak]

The norm around here.

 

[J 1177]

That's nearly a tenner more than feed wheat down here with 4 feed mills and 3 export docks within an hour's haul from here

May as well take advantage of it. I knew it was a couple of quid more than down where you guys are but not nearly a tenner, blimey.

 

[Condi]

View attachment 620800

some current option prices


seem like fairly cheap insurance against downside ?

Notice they are also only indicative price - you couldnt necessarily ring up and trade them at that money. Its a theoretical value, and you could bid and get an offer at £1/t more - then up to you if you buy them at the quid more or not. You would also be subject to paying brokerage if you did trade.

The last May calls I did were £5/t to the farmer I think at £142 strike, which is the cost over the ring plus £1/t commission, so not that much more than it would cost the farmer direct with a broker. For that we are paying for the options on the day, managing the futures if they want to trade in and out (including any margin calls), sorting out the paperwork, and paying the brokerage with the futures broker. Not much to charge I dont think for the service.