- Location
- Lincolnshire
I'm holding barley over. Im gambling on the wheat carry to be lower than expected , the harvest to be crap. It's also a hedge against a wet spring.
I’ve only sold a couple loads of 2019 recently just to cover fert costs.
the next 6 months could be interesting from a marketing perspective.
if you could carry over wheat would you?
nothing sold for H20 and only 10 loads sold for H19 so far (may - 195 high protein milling ) I really can't see it going down form that now
I think as it creeps up towards that magical £200 this will happen, in the same way that when it creeps down consumers alter their rations or ratios to use more.Is this why nov futures have jumped this morning?
The meetings I was at last week were suggesting there was still massive surplus in France to export and east Europe is looking good for this harvest.
So what is stop the buyers importing feed wheat to the UK rather than paying a premium for UK wheat? Is this not what happened a few years ago when it his £200. Compounders just bought in loads of maize instead and the wheat price dropped like a stone.
I got excited then! I suppose a £1 is better than nothing.Is this why nov futures have jumped this morning?
The meetings I was at last week were suggesting there was still massive surplus in France to export and east Europe is looking good for this harvest.
So what is stop the buyers importing feed wheat to the UK rather than paying a premium for UK wheat? Is this not what happened a few years ago when it his £200. Compounders just bought in loads of maize instead and the wheat price dropped like a stone.
Apologies! +1.85 is better than it been for a few weeks!I got excited then! I suppose a £1 is better than nothing.
I corrected the typo for you. You were a long holder last year when you believed the same thing would happen. How did that pan out? Unusually, the early sellers got the better prices then.
I'm not having a go, just asking. In the olden days of Intervention and import tariffs, the long holder was always better off.
View attachment 859126
Source https://ahdb.org.uk/cereals-oilseeds/futures-prices
Most recent AHDB report https://ahdb.org.uk/news/market-report-17-february-2020
Who were hosting these meetings?Is this why nov futures have jumped this morning?
The meetings I was at last week were suggesting there was still massive surplus in France to export and east Europe is looking good for this harvest.
So what is stop the buyers importing feed wheat to the UK rather than paying a premium for UK wheat? Is this not what happened a few years ago when it his £200. Compounders just bought in loads of maize instead and the wheat price dropped like a stone.
Frontier. Your lads one is Thursday this week isn’t it?Who were hosting these meetings?
@Clive is being modest , we sold at £188 for gp 1 milling and £210 for Montana e-wheat with some small deductions for protein so I thought we had done pretty well.
No it was last Tuesday.Frontier. Your lads one is Thursday this week isn’t it?
Your average wheat price achieved being what? We all make good sales & bad ones. It's the overall average I worry about, especially when comparing to pools.
£158.04 net of all claims, levies and premiums for 2018 harvest wheat. Heavily forward sold pre harvest. Half low grade milling, half feed only.
No it was last Tuesday.
I don't go to these meetings anymore. Feel there's a lot of propaganda.
I like my frontier rep. He's a good guy.