everyone busy??
Posting Guru
Joined: Oct 2005
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From: Langham, SK
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Post Fiend
Joined: Aug 2006
Posts: 20,099
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From: Yorkton Sask
not much here either, just figured there'd be a little more action since the holiday season is over...
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Postmaster
Joined: Jan 2005
Posts: 3,461
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From: Saskatoon, SK
Ya its kind of nice - we have priced some for next fall delivery at similar or even slightly higher prices. That may not be the best thing to do but it can go two ways:
- if prices drop --> good plan!!
- if prices go higher --> the rest of our unpriced grain is worth more!!
Its very important to keep in mind that all our inputs are rising ($700/tonne nitrogen price for spring) and ($1.?? / litre fuel prices). If the crop yields well all will work out okay but with dangerously high crop inputs a poor crop will end some careers becase of the magnitude of the bills!
- if prices drop --> good plan!!
- if prices go higher --> the rest of our unpriced grain is worth more!!
Its very important to keep in mind that all our inputs are rising ($700/tonne nitrogen price for spring) and ($1.?? / litre fuel prices). If the crop yields well all will work out okay but with dangerously high crop inputs a poor crop will end some careers becase of the magnitude of the bills!
Postmaster
Joined: Jan 2005
Posts: 3,461
Likes: 0
From: Saskatoon, SK
I should also point out that there are lots of farmers who have either hauled lots of their grain in before the prices went up or have it priced at levels that seemed like a good idea at the time but didnt allow them to grab the full benefit of the price rallies.
Postmaster
Joined: Jan 2005
Posts: 3,461
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From: Saskatoon, SK
Its always like that - high feed prices make it more expensive for feeders to make weight gain and down go the prices!! I think it is a good spot in the cycle to be getting up to buy more - they probably wont drop much but its a matter of how long they stay down. Next years barley prices appear to be softening some but this is a very hard thing to follow because the U.S. and their ethanol program are placing an upward pressure on the feed grains complex of which corn is the big daddy but barley is in there too.
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Post Fiend
Joined: Aug 2006
Posts: 20,099
Likes: 7
From: Yorkton Sask
my buddy's been increasing his heard a little with the low prices. they just got out of the grain farming 3 years ago but are kicking themselves right now... 
guess thats the way it goes...sort of like gambling.
guess thats the way it goes...sort of like gambling.