Just wondering how many people out there have #3 or better durum yet to sell. Grain buyers keep telling me that there is lot's and the prices are just going to keep sliding until new crop. I don't believe it because last year at this time it was all doom and gloom and we should dump it in a slough because there was so much and no one wanted it. It is amazing how things can change in a few months.
Durum Prices
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I think we need some quality issues to show up in North Africa, Europe, Mexico, or desert before we see any price jumps. There isn't very much decent product out there now but the end use buyers seem to be sitting and waiting for cheap new crop knowing that the world will likely overproduce durum over the next year. Our Buyers say that same story you are referring to every year, but sometimes they are right. No 2 marketing years seem to be the same and I'm mad at myself for still holding some product.
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162 Posts
You should contact Tyler at Stricks ag in chester montana, sounds like we are going to start buying from him again. He gives fob farm prices in Cad.
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They are supposed to be doing an article on him in a grain journal, if anybody sees it could you please Private message me the link? THanks in advance.
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