Grain Pool Results

[MrNoo]

Of course in TFF every member sells every tonne for more than any pool price

I bet a large proportion of those that sell their own average more, it would be hard not to looking at some of those prices.
Is it because people are lazy? Or they think they will just get a half decent average? Or is it a tax dodge? Make less profit and pay less tax?

 

[ajd132]

I bet a large proportion of those that sell their own average more, it would be hard not to looking at some of those prices.
Is it because people are lazy? Or they think they will just get a half decent average? Or is it a tax dodge? Make less profit and pay less tax?

Judging by the results which aren't surprising it's down to whose pools you use. If you average the same selling yourself as the better performing ones then you havnt spent time needlessly. Do half and half? Spreads risk. Most of our CFA's prefer pools for cashflow and risk management.

 

[Brisel]

Using pools in CFAs separates the marketing responsibility from the “contract” to grow the crops. A poor selling decision by either contractor or farmer would prejudice a profit share. I’ve had a CFA client who did some of his own marketing. Sometimes he got it right and sometimes he got it very wrong and it cost us.

The United Oilseeds pools regularly beat the Openfield ones for the same period but this was a while ago. I enjoy doing my best to beat the local CS pools! Mostly I'm ahead but not always. IMO the aim of a pool is to get a good average over the years. I wouldn't mind a result a couple of quid under the competition as long as in previous years the same pool beat the competition. You can't get it right all the time.

 

[Brisel]

I am surprised at the variation in the pools. Do they all have different objectives?

I would have thought most would just sell a proportion every day, thus achieving an average, something individual farmers can't thus providing a service.

If a pool delivered top price think I would be questioning the management more than anything.

With a high harvest price it is really easy to forget t that the futures price through 2017 was relatively stable.

Selling a % each day is very crude and frankly I'd want a professional in the trade to work harder than that! You'd hope that if the plan was to sell a % each month the trader would sell less when the market was undervalued and sell more into a price spike, hedging some sales when there is less certainty.

 

[Farmer-George]

Anyone know what Fengrains malting Barley pool came out at ?

If their feed wheat result is anything to go by I wouldn’t get excited!

 

[Farmer-George]

My winter barley was all moved in July and achieved a lot more than £135, it was £140 odd in May.

What is the attraction to pools? I’m new to selling grain and really can’t see the point in them.

If it’s your business, very few! I want to be accountable for my poor selling performance!

If your selling for a farm and are reporting your selling performance to a board... then it’s the perfect pass the blame risk management tool.

It’s hard enough marketing a product when it’s impossible to know how much you’ll have and it’s cost to produce, let alone knowing how much you’ll get paid for it up to 2 months after it’s moved.

 

[yellow belly]

I am surprised at the variation in the pools. Do they all have different objectives?

I would have thought most would just sell a proportion every day, thus achieving an average, something individual farmers can't thus providing a service.

If a pool delivered top price think I would be questioning the management more than anything.

With a high harvest price it is really easy to forget t that the futures price through 2017 was relatively stable.

You can do a tracker pool with some operators
Pool price for harvest movement has to be priced before harvest
In a year when the harvest produces a bigger yield spot harvest prices can be heavily discounted especially when there is little export on the books
With the 2018 market the price has risen up to harvest then fell back
Very hard to time it so a higher than average price is more luck than judgement
If the Russian harvest had been a bit smaller and the had put the blockers on exports the harvest pool would have looked very poor

 

[Westman]

Frontier mixed wheat varieties pool harvest 18 has paid £160.07 plus £6.50 for location/quality adjustment total £166.57. All Kerrin with 80 kg/hl.

 

[Seed&Grain]

Harvest pool?

Sorry been away for half term, yes that was our East Anglia Harvest Pool result.

 

[andycole17]

Sorry been away for half term, yes that was our East Anglia Harvest Pool result.

What sort of volume are your marketing to get that price in EA? Great numbers

 

[Seed&Grain]

Its not a big pool, less than 10 thousand tonnes we prefer a personal approach and it enables us to get better results.

 

[Lincsman]

As the pool trader gets paid by the Merchant, isnt it in his interests to sell to his mate filling a boat in the next office wheat that he has paid £1 less than open market on the day... the farmer will never know?

 

[average farmer]

As the pool trader gets paid by the Merchant, isnt it in his interests to sell to his mate filling a boat in the next office wheat that he has paid £1 less than open market on the day... the farmer will never know?

Surely that would never happen ............

 

[Banana Bar]

Sorry been away for half term, yes that was our East Anglia Harvest Pool result.

Very well done

 

[48492]

Has anyone on here heard autumn pool results for East Anglia/Lincs yet?

 

[Seed&Grain]

Our Pool, East Anglia result was £168.28 in the Oct-Dec position.

 

[D14]

Feed wheat £172.50/t average with 2 loads left to sell. Oilseed rape we managed £348/tonne. Feed Barley £179/tonne. Straw has been very variable but so far our average is £65/tonne but thats because we sold a decent chunk early at £95/tonne. The market today is around £50/tonne for wheat.

 

[48492]

Our Pool, East Anglia result was £168.28 in the Oct-Dec position.

Decent result that!

 

[ifindoubtflatout]

Oct-Dec. Frontier paid out £168.20 ish with location bonus
We sell 20% through this pool to hedge
Although our own forward sales in Nov/Dec have always beaten the pool price

 

[ifindoubtflatout]

Feed wheat average so far is £169 with about 300 ton still in priced
Like to think £170/171 average could be achieved. Happy enough there.

OSR sold at harvest ave £331 inc bonuses. That went off the field to store to be dried... luckily only a couple of load needed drying this year
Could have achieved a bit more but got harvest movement and quick cash flow

Barley sold forward and wet weight straight off the field at £130 :-(. Bit sore about that as it was a dry year and the price rose after I’d sold it .

All barley straw sold in swath about £60/ton
Lots of wheat straw sold in swath for £55/ton

On the whole happy enough with this years strayegy, will revise selling the barley wet , have the capacity to store it this year so may dry and store

QUOTE="D14, post: 5904004, member: 49382"]Feed wheat £172.50/t average with 2 loads left to sell. Oilseed rape we managed £348/tonne. Feed Barley £179/tonne. Straw has been very variable but so far our average is £65/tonne but thats because we sold a decent chunk early at £95/tonne. The market today is around £50/tonne for wheat.[/QUOTE]