% sold

[dontknowanything]

I sold some wheat for £103 last week Still got about 35% left to sell

 

[warksfarmer]

I sold some wheat for £103 last week Still got about 35% left to sell

Why didn't you sell it for March/April at around £120 then take some money upfront now for cash flow?

 

[dontknowanything]

Why didn't you sell it for March/April at around £120 then take some money upfront now for cash flow?

£1 a month carry

 

[limestone brash]

Why are so many people selling so soon??

I always thought it was a bad idea to sell into a falling market. Doesn't Mr Cargill do all his buying in a falling market.

 

[Grain Buyer]

Mr Cargill and all his pals will be net sellers (they want to be short) not buyers (going long) at the moment.

 

[bobk]

It's a long time until next August .

 

[Grain Buyer]

It's a long time until next August .

you can only say that when it feels like we are short of the stuff. I know of 3rd party storage companies who are being asked to store wheat and oats for no other reason then the co-op/merchant has nowhere else to go with it.

 

[bobk]

you can only say that when it feels like we are short of the stuff. I know of 3rd party storage companies who are being asked to store wheat and oats for no other reason then the co-op/merchant has nowhere else to go with it.

Whilst not disputing there's a surplus , you must remember alot farmers have no wish or haven't suitable facilities to store grain nowadays what with farm assurance , therefore more and more commercial stores are being used.

 

[MrNoo]

All sold bar 300t of SB which will go for feed, not great prices and am sure the pools will better me this year.

 

[Pedders]

All sold bar 300t of SB which will go for feed, not great prices and am sure the pools will better me this year.

that will be the interesting thing IMO ...there has been ample opportunity to sell forward at a good price all season ...did the 'experts' take advantage of it ?.....

 

[David.]

Like the rest of us, I imagine they would have had more sense than to sell more than 60% of an estimated AVERAGE harvest.

 

[Pedders]

Like the rest of us, I imagine they would have had more sense than to sell more than 60% of an estimated AVERAGE harvest.

never having used pools don't you have to commit a tonnage ? ...so they would know exactly how many tonnes they had to sell surely ?

 

[Steevo]

never having used pools don't you have to commit a tonnage ? ...so they would know exactly how many tonnes they had to sell surely ?

Correct. However some values are tweaked after harvest a little. The other question....who would 100% commit their yield to a pool?

 

[Grain Buyer]

you can only say that when it feels like we are short of the stuff. I know of 3rd party storage companies who are being asked to store wheat and oats for no other reason then the co-op/merchant has nowhere else to go with it.

you have just answered your own question. More grain in professional, long term stores mean wheat can be held till July or even early august without issue, guaranteeing supply and reducing a sudden up swing at the very end.

 

[Clive]

Committed the last of wheat today. Most won't leave farm until the spring but seriously nervous about where the price could end up by then. Never had all wheat sold so early before as would generally keep selling a bit each month. Don't like changing marketing strategy so abruptly especially when price sold for is so crap.
My average price I can make a profit on which is main thing but still sat here wondering if done right thing. Will have to wait until May to know.
Sold 25% of osr for Jan but still got 75% to sell which won't need to leave until June. Leaves me something to worry about over the next few months.

remember you can always get back in the market if you feel prices are going to rise

 

[crazy_bull]

Correct. However some values are tweaked after harvest a little. The other question....who would 100% commit their yield to a pool?

Quite a lot of people commit 100% of their produce into pools on produce of acres contracts or similar.

C B

 

[Brisel]

Centaur (now Openfield) used to prefer that you gave them every tonne to market so there was always a degree of uncertainty in tonnage. How many managed pools would sell 100% before harvest? I suspect that none would do so, especially quality grain pools.

 

[Green oak]

All wheat sold. Apart from 30t I'm going to carry over for seed jb Diego 14.5m 80 bushall weight.