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.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.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?
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!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.
Cant you just sell feed wheat on the day with premiums as applicable?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.
Yes, but to have a premium added it needs to be tested and if full spec you sell it as milling.Cant you just sell feed wheat on the day with premiums as applicable?
Won't they go for human consumption There's a strongish local demand for HCWhat are feed beans next season trading at? Iv just sprayed mine and they've improved to what they were. Still no fortune to be made.
Good for them.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!
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??Cant you just sell feed wheat on the day with premiums as applicable?
Hopefully they will, I was ering on the side of cautionWon't they go for human consumption There's a strongish local demand for HC
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.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??
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.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.
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 PIt’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.