Pool prices

[chickens and wheat]

I once sold grainco some feed wheat and some milling at same time, driver rocked up unannounced, he didnt know which he had come for. He rang the office nobody there knew either. He ended waiting an hour to find out before i would load him

 

[teslacoils]

well they are not going to report failure if below 200,

I don't know what dad got for his ond pool but I'm fairly sure it was under £200.

 

[teslacoils]

I do know it was more than any wheat I sold pre harvest.

 

[thorpe]

these pools sound crap, i like to follow gut instinct merchants i deal with know i like to sell on a short, so far this year FW harv £187 dec£230 FB dec £200 jan £220 ill sit tight for now a selling day will come. i dont always get it right hey ho.

 

[4course]

I once sold grainco some feed wheat and some milling at same time, driver rocked up unannounced, he didnt know which he had come for. He rang the office nobody there knew either. He ended waiting an hour to find out before i would load him

to be fair im just a customer and not a member or shareholder ive a 9 out of 10 rating for the company and probably nearer a ten for the staff who have always sorted any grievances amicably and fairly ,but we are all different our expectations and experiences reflect this

 

[chickens and wheat]

dont get me wrong, Im not totally slating grainco, just that their haulage organization was often poor, other merchants have similar problems

 

[thorpe]

dont get me wrong, Im not totally slating grainco, just that their haulage organization was often poor, other merchants have similar problems

its good if you have a preffered haulier c f mee good for us t &j aint bad.

 

[teslacoils]

these pools sound crap, i like to follow gut instinct merchants i deal with know i like to sell on a short, so far this year FW harv £187 dec£230 FB dec £200 jan £220 ill sit tight for now a selling day will come. i dont always get it right hey ho.

Hmm. If I'd put the 1t an acre into even a meh pool this year instead of selling it forward, I'm sure I'd have been £30/t at least better off. Obviously if I'd had sold it when I did that lot at £252 I'd have been even better off. But show me someone who says they sold *everything* at the top and I'll show you a liar. They'll probably be found talking loudly at the pub, farming exactly the same bit grandad bought in 1920.

Bit of risk management doesn't hurt. There will be *plenty* of folk who did a lot of grain at £150 to £160 a ton. They just won't be shouting about it.

I'll see if I can get the adm and frontier pool prices tomorrow.

 

[ajd132]

Hmm. If I'd put the 1t an acre into even a meh pool this year instead of selling it forward, I'm sure I'd have been £30/t at least better off. Obviously if I'd had sold it when I did that lot at £252 I'd have been even better off. But show me someone who says they sold *everything* at the top and I'll show you a liar. They'll probably be found talking loudly at the pub, farming exactly the same bit grandad bought in 1920.

Bit of risk management doesn't hurt. There will be *plenty* of folk who did a lot of grain at £150 to £160 a ton. They just won't be shouting about it.

I'll see if I can get the adm and frontier pool prices tomorrow.

I put a big chunk of Spring wheat on one farm into a late pool. Also sold quite abit of the on farm stuff earlier. its just a tool.
how do some of these pools work? Are they open all year? Our CS has very distinct marketing periods, so the farmer still ha to take some ownership if it doest go their way!

 

[VIP]

What did Frontier and Openfield do? I’ve just tried google and all I could find was the £100k profit openfield made.

 

[idle git]

Hmm. If I'd put the 1t an acre into even a meh pool this year instead of selling it forward, I'm sure I'd have been £30/t at least better off. Obviously if I'd had sold it when I did that lot at £252 I'd have been even better off. But show me someone who says they sold *everything* at the top and I'll show you a liar. They'll probably be found talking loudly at the pub, farming exactly the same bit grandad bought in 1920.

Bit of risk management doesn't hurt. There will be *plenty* of folk who did a lot of grain at £150 to £160 a ton. They just won't be shouting about it.

I'll see if I can get the adm and frontier pool prices tomorrow.

Hmmmm
I sold a % at 153 but at least I knew the money would be in the bank to pay for early fert

Can't win everything I suppose

 

[T Hectares]

Hmmmm
I sold a % at 153 but at least I knew the money would be in the bank to pay for early fert

Can't win everything I suppose

This is the reason i don’t use pools anymore, the flexibility to match cash flow better than the rigid pool payment dates (drawdowns are available I know but id rather be independent if possible) it’s also another important element of the business to be involved with rather than farming out responsibility, as long as I’m in the ballpark with the pools I’m happy, which I am this year even with a huge range in sale prices!!

 

[e3120]

Hmmmm
I sold a % at 153 but at least I knew the money would be in the bank to pay for early fert

Can't win everything I suppose

The way this year has panned out selling grain early and hedging with fert is still a lot better result than playing the long game on both. All depends on whether one thinks of oneself as a farmer or a speculator gambler.

 

[idle git]

The way this year has panned out selling grain early and hedging with fert is still a lot better result than playing the long game on both. All depends on whether one thinks of oneself as a farmer or a speculator gambler.

17 to 19.k lost out on grain cheque but saved 50 to 60 k on fert bill

 

[4course]

17 to 19.k lost out on grain cheque but saved 50 to 60 k on fert bill

see the way you are working it out but this years fert will be set against next harvest grain price as was last years and then the figures are somewhat reversed

 

[teslacoils]

You can get ££££ out of a pool early cheaply enough. Ditto asking the bank for more. Or financing your fert.

 

[4course]

You can get ££££ out of a pool early cheaply enough. Ditto asking the bank for more. Or financing your fert.

thats what we did on the bit that would have been sold at harvest to ensure cash flow a doddle . now its gone im sitting on a £30 minimum uplift in returns as opposed to selling spot twixt harvest and sowing plus if id sold it forward in april may would have lost out by another lump

 

[chickens and wheat]

I used pools as a cashflow advance tool. Even if the pool price isnt top dollar is most certainly better than selling grain out of a perfectly good store at harvest
Spread the risk. How many people can claim to sell every grain at the top year in year out its an possible target , you have to go with what suits your cashflow/storage ability.

Keep a few loads back to sell at peak to hold bragging rights in the pub of course.

Please call me when the price is at peak every year so I can sell that day also.

 

[Against_the_grain]

I used pools as a cashflow advance tool. Even if the pool price isnt top dollar is most certainly better than selling grain out of a perfectly good store at harvest
Spread the risk. How many people can claim to sell every grain at the top year in year out its an possible target , you have to go with what suits your cashflow/storage ability.

You can do this with options, and imo its a better bet. Sell physical crop at harvest then buy May futures for say £12 on a percentage of the crop. This way you have had the cash from the sale, and locked into a minimum price but are still able to benefit from the price rises. £12 wouldn't be much more than a storage charge or on farm storage costs and certainly cheaper than camgrain!

 

[David.]

If the market falls, are your losses locked at the £12 also?