At what price will Red Lentils hit the ceiling? - The Combine Forum
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post #1 of 85 (permalink) Old 11-27-2015, 08:24 AM Thread Starter
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At what price will Red Lentils hit the ceiling?

The last price for reds that has come down the pipeline is 51cents that I have heard. There doesn't sound like many lentils are left in the country. I'm sure there is the odd fellow that has the locks on a bin or two but will sell at the peak of prices. Quite a few guys have said they've averaged over 34 cents which is pretty good considering where lentil prices have been in the past.


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post #2 of 85 (permalink) Old 11-27-2015, 08:40 AM
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Really?

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Originally Posted by CRToney View Post
The last price for reds that has come down the pipeline is 51cents
As in 1.12/kg?
1120$'s a tonne?
Heck, I'd only need two or three thousand tonnes!

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post #3 of 85 (permalink) Old 11-27-2015, 08:48 AM
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Locked in 2/3 of my remaining yesterday at .51. Probably should have done them all but I'm stupid and greedy.
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post #4 of 85 (permalink) Old 11-27-2015, 08:57 AM
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Locked in 2/3 of my remaining yesterday at .51. Probably should have done them all but I'm stupid and greedy.
Oh, so you're a normal farmer marketer then?
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post #5 of 85 (permalink) Old 11-27-2015, 08:57 AM
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With the poor lentil crop being taken off in Australia and the poor years in India with another poor start happening now, I'm pretty sure we can take out the old highs of @.52 in 08/09. If memory serves me correct, I think that came in March? This year we are only November and have .50 or better. How much higher is anybody's guess as the weak dollar is helping but when will the buying countries say they can't afford it and quit buying then wait for new crop?

Next question is do you lock in as much new crop as possible at .35-.36? Last few years locking in has been at a big loss come fall. Lentil stocks will be nonexistent by summer but sounds like every second field will be lentils in this area next year.
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post #6 of 85 (permalink) Old 11-27-2015, 08:51 PM
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Locked in 2/3 of my remaining yesterday at .51. Probably should have done them all but I'm stupid and greedy.
Well now you must wait for the market to tank because taxes are going to kill ya if ya make that much money! LoL
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post #7 of 85 (permalink) Old 11-27-2015, 11:00 PM
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Lentil stocks will be nonexistent by summer but sounds like every second field will be lentils in this area next year.
That may be true , but you still have to grow them and put them in the bin !!
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post #8 of 85 (permalink) Old 11-27-2015, 11:23 PM
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There will be a lot of pushed roatations and lentils grown in non traditional areas. A lot of these have a little lower chance of growing a really good crop.

I wish canola would rally to convince people not to grow lentils !
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post #9 of 85 (permalink) Old 11-27-2015, 11:31 PM
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and lentils grown in non traditional areas.
If I remember correctly , back when reds went through the roof a few years ago , i recall hearing of some fella @ Carrot River growing them !! Apparently he had a decent crop , not sure if he took the money from that 1 year and ran ??
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post #10 of 85 (permalink) Old 11-28-2015, 09:09 AM
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Still holding But I'm starting to Weaken. lol

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