Hindsight
Member
- Location
- Lincolnshire
Thought that link might cheer you up a tad! Only time will tell and hindsight! In meantime best of luck.
Combinables Price Tracker
- Thread starter Jerry
- Start date
Thought that link might cheer you up a tad! Only time will tell and hindsight! In meantime best of luck.
Don't forget that for the moment, we're still a very small part of a very big global market with Chicago leading the prices. LIFFE is the same except for currency fluctuations. I've sold most of my 2018 harvest on the back of a weak £, not knowing which way the currency will go on deal or no deal. It has been at values I've turned a profit on. The size of the 2018 harvest will only make a small difference to the price if we are no longer part of that global market. Even then, the tariff is only €17/t. Good luck with your long position.
Don’t fall for the global market hype
Lower yield Uk years always seem to be better priced to me
It’s a factor of course but there is a local effect - stuff doesnt move around the world for free, And then there is currency ......... and brexit
Lower yield Uk years always seem to be better priced to me
It’s a factor of course but there is a local effect - stuff doesnt move around the world for free, And then there is currency ......... and brexit
The difference between import parity & export parity is around £10/t. Yes, you'll get a wider spread when ocean freight rates are higher but it costs the same per tonne to get a 50,000t boat across the Atlantic in 4 days as it does to get a 29t artic 4 hours up the road. My malting barley is currently going 4 hours to Norfolk to be malted then another few hours to the brewery. If it was low enough in N it would be heading up to Scotland for whisky. The east/west spread is over £10/t i.e a West country feed mill has to pay at least £10/t more than one in Cambs. That's why there aren't many registered LIFFE futures stores in the west.
Where is the 2mmt of wheat no longer required by the ethanol plants going? That's 12% of the UK harvest demand gone. It's starting to look like it didn't exist in the first place. Interesting times.
average farmer
Member
- Location
- North Notts
Anyone know what the usda report had to say today ?
Farmer T
Member
- Location
- East Midlands
Less soybeans than expected, and slightly lower wheat. However lots of corn to balance it out (even though it’s all in China somewhere).
Lower wheat plantings and they’ve trimmed the soy bean predictions.
Not biting at that ....are you?
average farmer
Member
- Location
- North Notts
Was offered £155 ex May 20 yesterday, was hoping for £160 for a start of 2019 harvest.
Was also loading wheat out yesterday sold at £155 , must have been sold 7-8 months ago
Was also loading wheat out yesterday sold at £155 , must have been sold 7-8 months ago
I've done a bit at that.
What were you waiting for? Serious question.I haven't sold last years yet ...
I do that all the time. Still got a lorry load of feed barley left that was going up nicely..........Think I've fooked up .
Not so good now.
fieldfarmer
Member
I think @Clive is still holding so knowing how well he runs things I think you still may be fine.Think I've fooked up .
We could do with another Beast from........
Happens to us all sometimes. Neighbour who keeps telling me he’s a businessman , turned down £218 a few years ago. Sold 12 months later at £140.Think I've fooked up .
I’m a little and often , averages man .
He's dafter than me .
6 weeks time the grain maize will run out, according to the merchant who rang today, so barley may well be needed then.