BUILDING COMMUNITIES ONE BUSHEL AT A TIME

We are failing to make new highs in wheat this week but the beans have got dragged higher showing us the best opportunity yet. I suspect that higher energy prices being friendly to grain prices is only true to a certain point. If diesel keeps steaming higher, we fuel inflation, deepen recession, equities get hammered and grains go to the woodshed with everything else. In the mean time, trend is up so keep some incremental targets active. Selling spring rallies has about an 8/10 chance of being the right move. Time will tell.

Did you know that we will have optional delivery points on new crop contracts? Meaning if it works out better for you to deliver direct to the Port, we will pay you a freight spread above your contract to deliver direct. What’s the advantage? 

     1. Depending on your location, you may gain all the freight spread and more

     2. If your grain is too wet just deliver to elevator and don’t delay harvest

     3. If boats are late (almost always) your combine isn’t sitting still.

    4. With wheat, falling number discounts/rejections are horrendous so you might better be tied to the largest feed wheat shipper east of Toronto until you know your quality.

Call if you have questions.

Call for direct ship bids for on farm grains. We need old crop wheat and beans delivered Picton in Feb and March or FOB all commodities.