Friday, April 13, 2012
Accurate Insight Into Feed Barley Prices
There is vase difference between grain merchants and the grain brokers in the handling of factors like feed barley prices. The brokers have a limited role where they attempts to negotiate between the buyers and sellers. With inclusion of a broker, both the parties retain the risk that they encounter while trading with the feed barley.
On the contrary, the grain merchants hold the physical ownership of the products that they are dealing with, thereby reducing the risks. They extend credit to the buyers. The premium quality barley which would help you reap profits come with the maximum moisture of 14.8%, and a standard of 1% dock age. The tolerance of the barley for ergot and vomitoxin are highly dependent on the location. If the feed barley does not meet the specification or have other quality concerns, the standard trade discounts might be applied. The grain marketers understand that the farmers need to move the grain in a timely manner to attain maximum profits. You can attain competitive prices for the feed barley that you wish to market.
The feed barley prices shift comprehensively depending on the location. For instance, the price of the entity at Lethbridge was 208 during mid 2011, while the same at Winnipeg was 214. It was then discovered that there were certain prices discrepancies. This makes it vital for you to keep an eye on the market. The online resources of the grain dealers would offer you pricing details of the required grains at the closest location close to you. Mostly the grains are bought and sold on the spot, but it is always advisable to perceive any upcoming change in the market. For instance, acquiring information about whether the feed wheat prices are about to drop can help you take the necessary steps to avoid a financial loss.
It is not just the buyers who benefits from the involvement with the dealers but also the sellers, as they can ensure prompt payments. The pre-determined contract and versatile payment options are feasible strategies for both, the buyers and sellers. You must not refer to an unaccredited grain marketer for the accurate feed barley prices. With research, you can determine whether the grain dealer is licensed as per the regulations of the Canada Grain Act. This is administered by the Canadian Grain Commission to ensure that the service that the grain dealer offers are up to the standards.