[breezy]

Can anyone make sense of the .50$/lb price drop in mustard over the last month? Did some country have a bumper crop? Is it speculation on increased acres next year? Projections of rain in dry areas for the future? A mix of the three seems like a shocking change being as last year there was an equal increase this time of year.
i know prices can be unpredictable but it seems like price fixing when there won’t be any more production over the next 6 months.
am I missing something?

 

[meritmat2]

Nitch crop that got filled up. Signed new crop mustard at .88 cents. Broker figured the price would start to come down and he was right

 

[bjtjjl]

Everything is coming down.

 

[uthinkyourwet?]

Hybrid varieties will fix it all up.

 

[ZEEMAN]

I have one load left to sell for 1.27 lb, have two after that and was told by my buyer not to sell at the price today. Prediction is for 650k acres, given avg yields mustard will be back to .35-40.
Hybrids will fill the production void.

I canceled my seed month and a half ago after hearing the amount of new crop acres being signed up.

Also, got my crop insurance at 80% is $31.73 ac. Wow!! Little pricey for this cat.

 

[shmiffy]

I have one load left to sell for 1.27 lb, have two after that and was told by my buyer not to sell at the price today. Prediction is for 650k acres, given avg yields mustard will be back to .35-40.
Hybrids will fill the production void.

I canceled my seed month and a half ago after hearing the amount of new crop acres being signed up.

Also, got my crop insurance at 80% is $31.73 ac. Wow!! Little pricey for this cat.

That’s pricey. I thought mid 20’s was bad.

 

[brazil08]

That’s pricey. I thought mid 20’s was bad.

Guess it is all relative, but my wheat is almost 5 times that amount and canola would be almost 8 times that amount and there is no amount of insurance premium that would convince me to grow mustard again - lol.