Ensus Closes

[Grain Buyer]

I hear Ensus is closing at the end of Nov.....who knows for how long, but they clearly didn't have much appetite for wheat over £180.

 

[willy]

not good, must sell some more for next harvest i one thinks!

 

[juke]

Been pushing imported maize in most of summer.

 

[Grain Buyer]

not good, must sell some more for next harvest i one thinks!

next year and the year after if you can get on....

 

[Steevo]

I hear Ensus is closing at the end of Nov.....who knows for how long, but they clearly didn't have much appetite for wheat over £180.

It’s a nice business model if you can shut up shop and not have to worry about covering fixed costs.

Not just that but having a customer who is happy to accept intermittent supply, rather than requiring a consistent contracted supply of product.

I assume they usually buy ahead to fix their input pride? Have they cashed out of these positions?

 

[Baling Hay]

It’s a nice business model if you can shut up shop and not have to worry about covering fixed costs.

Not just that but having a customer who is happy to accept intermittent supply, rather than requiring a consistent contracted supply of product.

I assume they usually buy ahead to fix their input pride? Have they cashed out of these positions?

What if running wasn't even covering variable costs at today's wheat price?

 

[curlietailz]

They had 2 load of my wheat today

 

[Baling Hay]

They had 2 load of my wheat today

That's nice!

 

[Oh bullocks]

Oh dear to all the farmers waiting for 200 pound for nov

 

[PSQ]

Oh dear to all the farmers waiting for 200 pound for nov

Nearly, futures got to £195 in August, up £49 on the June low

https://uk.investing.com/commodities/london-wheat

 

[colhonk]

Ensus has been shipping in foreign stuff, not buying much British wheat but still expecting British farmers to buy their foreign waste product for animal feed. Bit ironic.

 

[Baling Hay]

Ensus has been shipping in foreign stuff, not buying much British wheat but still expecting British farmers to buy their foreign waste product for animal feed. Bit ironic.

Farmers have been importing fertiliser and machinery, not buying much British machinery but still expect the British public to buy their produce. Bit ironic.

 

[Refco]

They had 2 load of my wheat today

Just sent the first of six wagon loads going there today..

 

[curlietailz]

@Refco. Hope we get paid !!

 

[yellow belly]

If they are importing and stop then selling by product that is a net reduction in supply so more feed will be needed this winter either home produced or imported

 

[Fish]

It was shut before and we managed to survive

 

[Brisel]

It was shut before and we managed to survive

I'll bet your price premium to the rest of the UK was less before you had these 2 big consumers on your doorstep! Where did your wheat go back then? Onto a boat or across the Pennines I expect.

 

[Fish]

Most of the wheat from this farm over the years has moved to mills with in a 10 mile radius, ensus is I guess 30 miles north and I’ve never had a load go to hull.
At least 6 feed mills in that 10 mile radius.

 

[willy]

Seems a bit doom and gloom to me the wheat market, I have committed a fair estimated proportion of next years crop between £150-160. Just looking for 2020 harvest

 

[Luke Cropwalker]

Yes, it would be better if both Ensus and Vivergo remained open BUT let's not forget if wheat were £50/T cheaper they would still be running.