Uncollected grain

[Power Harrow Pilot]

It’s the end of the month and the merchant has not collected a four load contract. The price has gone up £5/t. What does everyone else do??

 

[SilliamWhale]

Call them up.

Ask them to pay you within the alloted time

 

[PSQ]

Contact your merchant and they will usually offer an extra 1£/t for the 'carry' from October into November.
It might be possible to negotiate a bit more, let us know how it goes.

Edit: if the late uplift is going to cause a cashflow issue then mention it to the merchant and they might well offer to speed up the usual 28 day payment period to 14 days or there abouts. 'Fair play' goes both ways.

 

[strawturner]

Generally its possible to get an extra £1/t for the months extra storage, beyond that you would be lucky

 

[4course]

It’s the end of the month and the merchant has not collected a four load contract. The price has gone up £5/t. What does everyone else do??

talk to them, if they are not cooperative then play hardball but first check your contract terms

 

[7610 super q]

Same here. Unless my 2 loads are going to be collected this afternoon. Or on Saturday......

 

[principal skinner]

It’s the end of the month and the merchant has not collected a four load contract. The price has gone up £5/t. What does everyone else do??

Works both ways, what you be saying if it had gone down a fiver? I’ve four loads not moved for Oct but it is going next week with prompt payment as a sweetener

 

[Worsall]

I agree you should get a carry, but not sure why we are all accepting £1/t month? It was £1/t when wheat was worth £70/t back in 20thCentury. Before some knowledgeable member points to higher interest rates back in the 1990's, there is still extra risk storing it longer and there is often a reason why we choose a month to move something.
Just look at Nitram pricing and the cost for an extra month.
Doesn't matter if price has gone UP or DOWN, that is irrelevant. You were happy with the price on the day, but.....
we surely should be asking for at least £2/t/mth for risk alone?

 

[fieldfarmer]

It’s the end of the month and the merchant has not collected a four load contract. The price has gone up £5/t. What does everyone else do??

Look at the contract, some have a fortnight into the next month to collect anyway!

 

[Lincsman]

Oddly I loaded a Nov contract load last week. (milling wheat)

 

[Jetemp]

Feed wheat in the north east in massive demand last week and week before! Have aready Moved most of a contract for Next february!,,

 

[deleted user 837354]

Feed wheat in the north east in massive demand last week and week before! Have aready Moved most of a contract for Next february!,,

Nice work!

 

[PSQ]

Feed wheat in the north east in massive demand last week and week before! Have aready Moved most of a contract for Next february!,,

Which home is in a rush to use their forward bought stock?
- Just wondering if Ensus is running itself down to yet another closure due to price...

 

[Jetemp]

Which home is in a rush to use their forward bought stock?
- Just wondering if Ensus is running itself down to yet another closure due to price...

Ensus were running out of stock. Effectively running on maize but a delay on the arrival of a boat got them panicking!

 

[fieldfarmer]

Feed wheat in the north east in massive demand last week and week before! Have aready Moved most of a contract for Next february!,,

But are l they paying 21 days after the last load on the contract is delivered or pay on part contract! A mid march payment for October grain would make me nervous.

 

[Jetemp]

But are l they paying 21 days after the last load on the contract is delivered or pay on part contract! A mid march payment for October grain would make me nervous.

Nope paid for 21 days after delivery, regardless of how far through contract, part of the agreement of letting it go

 

[fieldfarmer]

Nope paid for 21 days after delivery, regardless of how far through contract, part of the agreement of letting it go

, ideal, that's what i would want.

 

[glasshouse]

Feed wheat in the north east in massive demand last week and week before! Have aready Moved most of a contract for Next february!,,

I thought the north east was aberdeen or at worst newcastle?

 

[Jetemp]

I thought the north east was aberdeen or at worst newcastle?

Nah ensus is in the north east!

 

[curlietailz]

Nah ensus is in the north east!

mall my November contracted wheat went early-mid Oct too. North East
Except it went to ABN.
I guess coz every one else’s diverted you Ensus. Lol