Join Date: Nov 2016
Location: South-Central MB
Mentioned: 0 Post(s)
Quoted: 127 Post(s)
We used to subscribe to a large market advisory company. Something that has stuck with me from that was I heard the president of that company say on more than one occasion at meetings, “... always remember, a grain companies price special is usually not special at all.”
To me that statement is flat out wrong. In today’s environment of posted bids and smart phones I think price specials are great. For me, a sale is done on a “price special” the majority of the time.
If a grain company needs to fill a train or whatever and there aren’t enough targets to pick to meet requirements they spike their bid to fill that train. When that train is filled bid typically sags back down. Now the market knows what price it takes to get things moving, that does not mean the market is on its way past that level.
I just could never understand that statement.