ILTA Grain Gone **** Up - Page 3 - The Combine Forum
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post #21 of 48 (permalink) Old 07-11-2019, 02:38 AM
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I sent CJME a text to get looking into this, didn’t want to see anymore guys like LTO.

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post #22 of 48 (permalink) Old 07-11-2019, 03:35 AM
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There’s a couple of mustard buyers I would love to see trapped in a burning building...opps did I say that out load. My bad


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post #23 of 48 (permalink) Old 07-11-2019, 08:07 AM
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Don't leave us hanging
I won’t share my thoughts about that on here. But any places that have laid off staff and you never see trucks dumping grain, would be good places to be careful with.

And here is more info on ILTA

https://www.pwc.com/ca/en/services/i...grain-inc.html

Brent.
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post #24 of 48 (permalink) Old 07-11-2019, 09:20 AM
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I almost got burnt on 6000 bushel of flax a few years ago, finally got paid 4 months later. I don’t need anymore stress so everything pretty much goes to SWT or Vittera. I might not hit the high end of market on lentils but I get paid. And so far feed lot alley keeps Checks coming on feed grains.
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post #25 of 48 (permalink) Old 07-11-2019, 11:07 AM
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Who would have thought companies would make bad investment decisions like massive expansion because of cheap credit to then find out their business model is heavily influenced by factors completely out of their control. Funny thing is there is a long history of tariffs and trade disputes so the business model has always had these uncertainties.

I hope these independent companies can pull through but they aren't helping themselves by using rose colored glasses when making expansion decisions.

As for Mustard buyers, Broad Grain took 10% dockage and I still got #1 on a super B sent in May. Another load that same day from the same bin they took 4.7% and gave #2. Sent a load to All Commodities Trading near Winnipeg in winter from that bin and got 3.3% dockage and #1. Anyone have any idea what 10% dockage looks like? I sure don't. I do have a good idea what 3% ish looks like. Seems sending Mustard to Manitoba buyers vs Saskatchewan buyers always works out better for us over the many years.
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post #26 of 48 (permalink) Old 07-11-2019, 12:35 PM
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Who would have thought companies would make bad investment decisions like massive expansion because of cheap credit to then find out their business model is heavily influenced by factors completely out of their control. Funny thing is there is a long history of tariffs and trade disputes so the business model has always had these uncertainties.
This applies to about 99% of the forum membership!
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post #27 of 48 (permalink) Old 07-11-2019, 01:04 PM
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I won’t share my thoughts about that on here. But any places that have laid off staff and you never see trucks dumping grain, would be good places to be careful with.

And here is more info on ILTA

https://www.pwc.com/ca/en/services/i...grain-inc.html
I didn't think you would. But I'm sure there was more than a couple wondering. So far we have been lucky with the guys we have been dealing with. The expansion that the two companies we have been dealing with has been much more limited, and more focused on getting more capability in house. One group added bins and a cleaner, so they don't have to rely on an outside source to clean peas to export standard. The other guys have gotten into the pet food side. That might be a more stable domestic market. People love spending money on there pets and the mark up on pet food, toys and other accessories is absolutely insane. From my understanding the mark up is even more that what equipment dealership add onto parts.

Statistics are like a Bikini. What they reveal is suggestive, but what they conceal, is vital.

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post #28 of 48 (permalink) Old 07-11-2019, 02:22 PM
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As for Mustard buyers, Broad Grain took 10% dockage and I still got #1 on a super B sent in May. Another load that same day from the same bin they took 4.7% and gave #2. Sent a load to All Commodities Trading near Winnipeg in winter from that bin and got 3.3% dockage and #1. Anyone have any idea what 10% dockage looks like? I sure don't. I do have a good idea what 3% ish looks like. Seems sending Mustard to Manitoba buyers vs Saskatchewan buyers always works out better for us over the many years.
Had this happen on a load of peas. 6% dockage with stones no deduction for splits. hauled a load myself locally and 1.5% with splits and no stones. Gotta be careful whose hauling and buying. I went through a broker who sold it to a company who resold it for pet food. Pretty sure they took my good peas and switched with their poor ones.

For the life of me i cant find it but wasnt there a company that handled payments. They pay you and then they collect from the company who bought the product. Might be worth giving them a try.

Last edited by stsdavew; 07-11-2019 at 02:24 PM.
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post #29 of 48 (permalink) Old 07-11-2019, 07:07 PM
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For the life of me i cant find it but wasnt there a company that handled payments. They pay you and then they collect from the company who bought the product. Might be worth giving them a try.
What if THEY go broke? Just sayin'!

Opportunity doesn't knock! It presents it'self when you beat down the door!

Last edited by lynas; 07-11-2019 at 08:22 PM.
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post #30 of 48 (permalink) Old 07-11-2019, 08:03 PM
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What if they go broke? [IMG class=inlineimg]/forums/images/CombineForum_2015/smilies/tango_face_smile.png[/IMG] Just sayin'!
Anythings possible... 🤨

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