Saturday 26 May 2012
Headlines
Did you find this story interesting? (0) (0)
17/02/2004
Grain pools prove to be a valuable marketing tool
Protect yourself from fluctuating grain market prices by using marketing schemes like grain pools, warns Gleadell Agriculture.
"In a volatile season the grain pools provided a safe base for all farmers," says trading director David Sheppard. "I would advise any arable business that a well-run grain pool should be an integral part of their marketing programme."
The warning comes as Gleadell announces top-grade milling wheat pools performances. The harvest pool paid a £13.80 premium for Group 1 wheat, with the Oct-Dec pool not far behind with a £12.77 premium. Over 50% of all feed type wheat in Gleadell's pool achieved a quality premium of some sort this season.
Gleadell Agriculture's grain pool size is up to 250,000 tonnes per annum, split into the four pool periods. The Gleadell pool opens in the December before harvest, and closes by the end of March. Payment is the 28th of the month after each pool period.
Mr Sheppard recommends checking the track record of the pool before joining. "Never look at one pool period in isolation. Compare like with like and check the variables, for example that prices shown are net of all costs and are of comparable quality and location.
"Although the top of the market price isn't guaranteed a good pool protects farmers from selling at the bottom of the market. A lot of grain actually traded between £60-70/tonne ex-farm this season despite the higher market prices towards the end of 2004. Compare those prices with the pool price, not the top of the market," says Mr Sheppard.
"In a volatile season the grain pools provided a safe base for all farmers," says trading director David Sheppard. "I would advise any arable business that a well-run grain pool should be an integral part of their marketing programme."
The warning comes as Gleadell announces top-grade milling wheat pools performances. The harvest pool paid a £13.80 premium for Group 1 wheat, with the Oct-Dec pool not far behind with a £12.77 premium. Over 50% of all feed type wheat in Gleadell's pool achieved a quality premium of some sort this season.
Gleadell Agriculture's grain pool size is up to 250,000 tonnes per annum, split into the four pool periods. The Gleadell pool opens in the December before harvest, and closes by the end of March. Payment is the 28th of the month after each pool period.
Mr Sheppard recommends checking the track record of the pool before joining. "Never look at one pool period in isolation. Compare like with like and check the variables, for example that prices shown are net of all costs and are of comparable quality and location.
"Although the top of the market price isn't guaranteed a good pool protects farmers from selling at the bottom of the market. A lot of grain actually traded between £60-70/tonne ex-farm this season despite the higher market prices towards the end of 2004. Compare those prices with the pool price, not the top of the market," says Mr Sheppard.
No Comments
Nobody has posted any comments on this story.
|
Farming items for Sale
|
New Holland 8240 sle - Chippenham(GBP 13140)
Valmet 6400 - Dalbeattie(GBP 9540)
John Deere 6506 - Enniskillen
(Price on Application)
(Price on Application)
John Deere - 7930 Auto-Quad, TLS - Ballyclare
(Price on Application)
(Price on Application)
John Deere 8230 - Burwell
(Price on Application)
(Price on Application)
Related News
Valuable grain requires protection in store - 25 Nov 2007Recent inspections of stored grain have resulted in reports of some pest infestations already being found and growers are being advised to inspect the...
Protecting valuable grain - 30 Aug 2010Following a difficult, protracted and sometimes wet harvest, growers should make sure that they keep a close eye on their grain stores and treat with ...
Protect valuable grain from mite and insect pest damage in store - 04 Jul 2011With the current high price of cereals and rape and the possibility of lower yields in areas suffering from drought, it is well worth making sure that...
Gleadell Market Report - Grain Markets - 27th May 2011 - 27 May 2011WHEAT The Ukrainian Agriculture Ministry reported that the country will harvest more than 45mln/t of grain this year up from the 39.2mln/t crop in ...
Appointment strengthens Framlingham Farmers’ grain marketing team - 30 May 2007Framlingham Farmers, one of the UK's leading farmer-owned purchasing and marketing businesses, has appointed Bob Bingley as Assistant Trading Mana...
UK Grain puts storage, handling and marketing in spotlight - 21 Oct 2007UK Grain, to be held on Wednesday 7th November at the George Stephenson Exhibition Hall, Newark Showground, Notts is the only event this year that foc...
Argentina-Proposals to market beef and grain. - 03 Mar 2009ARGENTINA-MARKEING BEEF AND GRAIN. Argentina is studying the creation of a new government entity to control the trade of grain and beef, allowing ...
Argentina-Grain market at a standsill. - 30 Mar 2009ARGENTINA-GRAIN MARKET AT A STANDSTILL. Traders in main grains market in Rosario said no deals were done as a result of a week-long commerci...
Assessing the future grain market - 19 Oct 2009Mark Smith, Trading Director at Saxon Agriculture, shares his views on the key market drivers of the next 12 months and how they will affect UK grower...
Grain Market report - 14 Jan 2011GRAIN MARKETS - David Sheppard, managing director Markets remained relatively steady this week ahead of the monthly USDA S&D report. The report r...
