Pool prices
- Thread starter jjm
- Start date
Just shows everyone’s different. I do that and say that. If forward prices were £100/t I wouldn’t do it. I think it’s very possible for prices to move down. Not many years ago I sold forward for Nov at £160 and it was my best price......
Forward selling might pay this year. You could probably get £170/t selling forward now. What is the price going to be at harvest? Probably not 170. What if it happens to be £140/t? Then drops before xmas when all the estimates roll in?
Doesn't really affect me as I sell about a wheelbarrow full, but if I had a couple thousand acres I would definitely be selling a bit at today's forward prices.
Fish
Member
- Location
- North yorkshire
A pool only works on a falling market and will alway lag behind on a rising one.
Never used pools and I don't feel as though I've missed any thing.
Never used pools and I don't feel as though I've missed any thing.
I think in the volatile markets we have experienced in the last few years Pools are not something I would commit to. Nothing like being in control of your own destiny be it positive or negative
yellow belly
Member
- Location
- south west lincolnshire
with the advent of the internet one of the reason pools used to work has gone
farmers can see the market movements with out being in the office on the phone
with the demise of intervention another reason pools worked has also gone
with there being only a handful of major grain merchants another reason for pools has gone
security
farmers can see the market movements with out being in the office on the phone
with the demise of intervention another reason pools worked has also gone
with there being only a handful of major grain merchants another reason for pools has gone
security
- Location
- Bedfordshire
Another thing that is often heard is to sell when you can 'lock into a profit'.
You don't know what your COP is until you know your yield and quality are. And actually I want to lock in at more than just into profit. Often with a poor crop you will be selling at a loss whatever the market price.
You don't know what your COP is until you know your yield and quality are. And actually I want to lock in at more than just into profit. Often with a poor crop you will be selling at a loss whatever the market price.
So, what makes you sell some? Do you have a price in mind, altered for the recent market? Do you average your cost of production in recent years, even if that is only on a yield basis?
- Location
- Northumberland
My view is, unusually for me, more of a 'farmer' perspective than a 'businessman' one. COP is largely irrelevant as it's mostly already cast. The decision to sell is simply the balance of the quality of the price and my assessment of the probability of it rising.
I quite enjoy the flutter of selling a bit of grain - miles more engaging than being told the price a week after booking in a load of finished beasts.
I quite enjoy the flutter of selling a bit of grain - miles more engaging than being told the price a week after booking in a load of finished beasts.
- Location
- Bedfordshire
I generally put a fair bit in CMG pools, and the balance I sell whenever I feel it is a reasonable price at the time.
What I was meaning is that if your expected COP is say £120 a tonne, some would say then if it reaches £130 then sell the lot as you have made a profit. I might sell some at £130 but keep dribbling it out into the market. Agents are always good at selling when they can see a profit.
What I was meaning is that if your expected COP is say £120 a tonne, some would say then if it reaches £130 then sell the lot as you have made a profit. I might sell some at £130 but keep dribbling it out into the market. Agents are always good at selling when they can see a profit.
- Location
- Mid Lincolnshire,UK
Pools did me a good turn this year. Having drilled no wheat autumn 2019 and having 4 loads in a pool, rolled over enough old crop to cover these contracts, and a bit more. Pool made £172 ish and the rest will average over £200. Without the pool might well have sold it last year at sub £150!
- Location
- Bedfordshire
I do a lot of contract farming with relatively small customers. Using Pools is a good way of selling small quantities of grain where otherwise you would only have one or two stabs at the market.
Having a fair bit in pools I rarely sell any before harvest, I let the pools do that. Pools always look poor in a rising market, but the reason that prices often rise is that there is none left on farm to buy, so by definition the majority of sales have already been done way off market highs. CMG pools are an interactive and transparent way of pool marketing anyway, whereas I'm sure some merchant pools only pay out what they think they can get away with rather than the actual pool price. I've never got a newsletter from the merchants saying a certain pool is x% sold at £y, whereas I know exactly where the CMG pools are, and if I want more information I can get it.
Having a fair bit in pools I rarely sell any before harvest, I let the pools do that. Pools always look poor in a rising market, but the reason that prices often rise is that there is none left on farm to buy, so by definition the majority of sales have already been done way off market highs. CMG pools are an interactive and transparent way of pool marketing anyway, whereas I'm sure some merchant pools only pay out what they think they can get away with rather than the actual pool price. I've never got a newsletter from the merchants saying a certain pool is x% sold at £y, whereas I know exactly where the CMG pools are, and if I want more information I can get it.
Steevo
Member
- Location
- Gloucestershire
Another issue with pools is when tonnages are adjusted the opposite way at harvest. In my post above I mentioned that some tonnages are reduced down to cover low yields, meaning a pool thinking it is 20% sold ends up being 40% sold.
The other side of the coin is that a pool that thinks it's 20% sold at a good price suddenly has extra tonnage added at harvest in a fallling market, meaning that it's actually only 10% sold at good prices.
It's encouraging to hear that @snarling bee finds CMG transparent and open.
The other side of the coin is that a pool that thinks it's 20% sold at a good price suddenly has extra tonnage added at harvest in a fallling market, meaning that it's actually only 10% sold at good prices.
It's encouraging to hear that @snarling bee finds CMG transparent and open.
- Location
- Bedfordshire
It depends what group you are in as to how much harvest results affect the pools. Most groups the members are only committing a %age of their harvest, so the pools will not change a lot.
It certainly is open if you are on the committee, but those that are not probably don't want to be, but the info is there if they ask.
clodshopper
Member
Frontier Jan - Mar £175.15 (£14.81 more than harvest pool)
- Location
- Lincolnshire
Any harvest pool prices out yet?
- Location
- Westish Suffolk
Havent heard any.
£5 says Clive will have done better than any of them!
£5 says Clive will have done better than any of them!
He was already doing that on Twitter yesterday !
- Location
- Lincolnshire
Somebody has to, pools are the average.
- Location
- Shropshire
I’ve already down 5 loads for 22 harvest at £178 feed wheat.
Based on spot prices it doesn’t look great, but that 25 grand will cover all my harvest costs and my seed cleaner costs. I can play from then on