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ξΑ: Wheat prices
"Jim Webster" wrote in message ... Gordon Couger wrote in message ... no, because US prices are higher at the moment because you haven't got much wheat to export. You also keep out Ukranian wheat because of phyto-sanitary regulations so do not face competition in your own market. UK export markets were the countries of the North African coast who now buy mainly Ukranian wheat, as indeed are Spain which was one of the UKs major customers last year. We have to compete on the world market with Ukranian wheat which means that our price is so low it looks like we will export up to 200,000 tonnes of feed wheat to the US this year. Talk about taking coal to New Castle. Sell into our wheat feed market? I suppose there is a better feed wheat market some where in the country than around here. But here the only wheat that goes for wheat is junk we can't sell for human consumption. But we don't have any poultry. It is too hot in the summer. Regular temperatures of 110 f or 43 C cause too much death loss. The hottest I ever saw was 122f or 50C I am sure that the poultry industry buys a good deal of wheat for feed and if the price is right hog farmers will too. The prices for the rest of the crop year for feed wheat should be better. Corn prices seem to be good as well. I haven't seen a quote for feed wheat. apparently UK feed wheat is replacing Maize in the diet of hens I have never thought about what the weakening dollar does to you as an exporter. Since the FED had to replace the water cooling system on the money printing machine with liquid nitrogen after thing went to pot over here the have greatly increased the money supply. Most every one I talk to is holding wheat for higher prices and the way corn prices are acting they must be doing the same there as well. I don't know. If you have a half decent crop next year, or have any grain to get rid of, then the price will probably crash through the bottom. The surplus that was dragging down the world is drawn down and the southern hemisphere is short. We will have to make a hell of a crop to crash the prices. But good conditions, and putting a crop in right for a change could make a real difference. You best hope that you can keep Round Up ready wheat off the market. It will make a big difference in the yield of the farmers that raise wheat primarily for pasture and the wheat is a by product. Most of them are covered up with cheat and there is no herbicide for it. This year at home we only got in half the wheat before it started raining before it was cool enough for the cheat to come up. If they can get it in this month they are set for top yields instead of max pasture. Even at these prices wheat is worth as much as pasture as it is as grain. The American way of farming is not good for anyone that competes with us. From a land lords point of view I have to make my land attractive enough to get good crop share renters. That's not too hard to do if you realize that I make money mostly on gross sales and he makes his only on net profit and not get greedy. After the experience with drip in west Texas I am looking at doing something similar with a center pivot on my dad's place. He's 94 and depressed about income. It's going to be mine an my brother soon anyway and the water is only 40 feet deep. Customs are a lot different on landlords putting in irrigation equipment in west Texas than they are in southwest Oklahoma but the pay is the same or better because it costs a lot less to do. We had to drill a half dozen 150 foot wells in Texas I can drill a lot of 40 footers to feed a used center pivot. In Texas a lot of the landlord own the irrigation equipment but in Oklahoma almost none do. I don't care how big a wad my neighbor panties get in if do things different if it makes me money. That does not produce the right response to a falling market. Since I make my money on a share of the gross sales less the same share of the fertilizer and spraying and very few other expenses investing money to double or triple production makes sense in face of falling prices. But it the only sensible course to me to maximize my profits. If my government won't regulate production I am not going to be a fool and not stick my head in the trough as deep as I can. It appears to me that the EU and UK have a much more difficult time finding ways to do that because you already are producing pretty much all the land is capable of, you can't utilize bigger machinery very well and the government has limited a great many cost cutting measures we use everyday and added a whole slew of costly measures of their own. Also the movement is trying to keep you from increasing production. You can't put in irrigation and increase productively close to an order of magnitude like my wife did in Texas. Of course that only works for a while until everybody does it. It won't work that good on dad's it will tipple his production but it make it a lot surer pay day. With irrigation we still have most of the advantages of a dry area but a lot better yields. Like I said on a mail list in India it is in my personal best interest if no one else adopts GM crops and all of the EU goes organic in the short run. In the long run I don't think having India falling behind in agriculture self sufficiency and having atomic weapons is in anyone's best interest. They don't need much excuse to start a war over there. -- Gordon Gordon Couger Stillwater, OK www.couger.com/gcouger |
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