Filed under: project updates, where the flour went | Tags: documentation, flour, human powered hauling, industrial harvest, photography, pumpkin bread, Robert Zverina, squirrels, trailer bike, urban habitat chicago, wheat, zverina.com
My husband Rob is the documentarian of the family. I was into photography back in the pre-digital age, but pretty much immediately upon coupling up with Rob I decided I liked having my own personal archivist, put the camera away and just enjoyed living without looking through a lens.
This spring, however, all of that had to change once I realized that I was on my own in Chicago. No personal archivist, no husband – just me, alone with my poor documentation habits. Undeterred, I bought a camera and carried it around constantly, ever-so-slow on the draw, trying to figure out how to work the daggone thing on the fly, and re-remembering all that stuff about apertures and f-stops. Even though I feel like I did a passable job documenting the major events of the summer, picking up the camera to capture a moment never became instinct.
And so, I have some regrets. Rob will occasionally mention a missed shot from years ago that has been burned into his memory, which I’ve always found impressive but a bit odd. Why hold onto it? But now I understand. This post is dedicated to trying to tell, in words, what I should have captured in pictures.
Two stories stick in my head. The first happened when D. contacted me about getting 50 lbs. of whole wheat flour this fall:
I am a hobby farmer who happens to produce more than enough pumpkins for myself, family and friends. Generally I give away the pumpkins and bread I make out of the pumpkins. The crops are organic and grown in glorious DeKalb County soil in Sycamore, Illinois. I’d be interested in 50 lbs of the flour so that I can make dozens of loaves of pumpkin bread this season to give away. I could accept the flour ASAP because I’m already harvesting pumpkins and baking.
A couple weeks after he’d picked up his bag of flour, D. emailed me saying that he had a few loaves of pumpkin bread for me. I was of course delighted, but running around that day and told D. if I wasn’t at home he could leave the bread on our front porch.
Later that afternoon I got a text from D. that he’d just dropped off the bread. Although I was home at the time, it took me about 10 minutes to make it downstairs to the porch. On the porch was a small box containing 5 loaves of pumpkin bread. And on the box was a little squirrel. He had chewed through the box, the plastic wrap and was so contentedly munching away on the bread that he barely looked up when I opened the door. No doubt that if I had gone up to get the camera, he would have stayed there feasting and we could have had an adorable, hilarious photo shoot. Oh, I could kick myself.
Of course, when I told Rob about this the first words out of his mouth were “did you take pictures?”
The second tale of documentary woes started with an email from N., who works at Urban Habitat Chicago. They were interested in trying to grow wheat, and maybe taking a little flour too. We went back and forth to figure out a time for her to come pick some up, and we were both kind of busy and ended up doing one of those “let’s talk on Sunday night and see if we can do it then” appointments that didn’t used to happen before everyone had cell phones. And then when she called I didn’t hear my phone. When I finally called back, it was hours later – well after dark – but N. said that was OK. It would take her an hour to get up to my place, though – she was going to do the hauling by trailer bike.
The trailer was a sturdy, well-built DIY contraption that utilized milk crates, steel tubing and big cart wheels. Turns out, this was its maiden haul. I grilled N. about the handling, the weight, the construction as we loaded it up with 50, then 100 pounds of wheat berries and took it for a test ride down the alley. Getting the bike moving was really not too difficult – with 100 pounds of cargo, you’ve got momentum on your side. Turning was not too bad either. But stopping – well, that was tougher. N. was headed down Damen towards Pilsen, and the only part we agreed might be a bit sketchy was the downhill part of the bridge across the river. Truth be told, I was slightly worried when I did not hear back from her for a couple of days, but it turned out she, the wheat and the bike made it just fine. It was only then that I began kicking myself for not busting out the camera. What was I thinking? The only human-powered haul of the project (and surely the most bad-ass) and I stupidly missed it.
N. came by again a week or two later to pick up more wheat, but it was raining and she showed up with a friend’s truck. There are no second chances.
Filed under: baking, project updates, where the flour went | Tags: baking, bread, Chicago, flour, InCUBATE, industrial harvest, industrial harvest flour, report-back, residency, wheat, whole wheat
Today’s snippets all come from the so-called blogosphere. I have been amazed at the profusion of cooking / eating / food-related blogs that exist, and tracked down quite a few posts that detail baking adventures with Industrial Harvest flour. Bonus: food bloggers, if I may generalize so crudely, appear to be quite dedicated. They take lots of pictures. They provide lots of loving background detail and backstories. They also often include recipes!
Some of these have made it to the Industrial Harvest facebook page already, so excuse the repeats if you’ve seen them already. But let that be a reminder to you: if you’re on facebook, said page is a great way to let me know what you’ve done with the flour. Another option: post photos to our still-underutilized flickr group!
Moving right along: this blogger made whole wheat biscotti using Alice Waters’ recipe
ECO, a cooperative household in Pilsen, runs a CSA and a co-op. They did all kinds of stuff with the flour and took wheat berries to plant a cover crop on their rooftop garden.
Last year around this time, I was wrapping up a residency at InCUBATE, which may have been the tipping point at which this project became a reality. InCUBATE (and I, as resident) shared their Congress Theater storefront with the Chicago Underground Library, and that was how I met Thuy. Thuy is a pretty serious baker, and turned me on to the magic of pure wheat gluten (if you’ve never tried it, it is a miracle cure for too-dense, heavy bread). So I knew Thuy would do something awesome with the flour and was thrilled to re-connect with her this fall. Her beautifully written post is not to be missed.
The Cuentos Foundation had a fundraiser / bake sale in October to raise money for Oaxaca mudslide victims at Danny’s, a classic Chicago watering hole.
My buddies Gina and Jerry in Seattle have been all wrapped up with opening what will surely be a super-delicious, authentic and unpretentious Italian restaurant. But they still took the time to adopt 50 pounds of flour and bake a huge batch of bread for the local food bank…in their backyard brick oven that they built themselves.
And then there’s this. Your mouth will water looking at these pictures (click “next post” all the way at the bottom of the page for the finished product).
Filed under: baking, project updates, where the flour went | Tags: beer, Chicago, industrial harvest, industrial harvest flour, pie, pizza, report-back, wheat
Continuing the report-back from the flour giveaways, here’s three more. There is no real theme for them other than they pleased me: one because it had to do with beer, one because of the connection to my Washington state home, and one because it’s just super sweet. Actually, they are all super sweet and in different ways exemplify the sharing I hoped would come out of this process. Hopefully it’s not too annoying to read these email threads; I like presenting the reports the way they actually came to me (I have made minor edits to correct for typos and such).
The first is from N. who bravely took home several pounds of wheat berries to use to make a wheat beer. She is, so far, the only person who committed to using the wheat in the brewing process, although I haven’t heard a final report from her on how the beer turned out. I recently started brewing up my very first batch of homebrew so finally understand how it all works. The flour N. took ended up feeding the annual Brew Not Bombs fundraiser in Chicago this past September:
From: N –
To: sarah
Date: Thu, September 30, 2010 9:19:26 PM
Subject: Re: industrial harvest update & upcoming eventsHey Sarah
So….You gave me flour and whole wheat berries. I haven’t yet used the berries but I plan to roast them and then make beer. With the flour, I made a huge batch of caraway almond biscuits for Brew Not Bombs and they were devoured by ravenous anarchists and beer lovers. My friend also used some of the flour to bake loaves of sourdough bread which was also DELICIOUS and served to kids at Brew Not Bombs to allow the beer drinking to continue late into the night.Thanks so much…I also put little notes out at Brew Not Bombs about how the wheat came from Industrial Harvest. I’ll keep you updated about the beer.
-N.
Next up, these notes from a couple who brought the flour on a trip to Washington state and shared it with their host:
From: E
To: sarah
Date: Tue, October 5, 2010 9:56:18 AM
Subject: Industrial harvest flour!Hi, Sarah! This is E. My girlfriend contacted you earlier. We received some of your flour from Edible Alchemy in Chicago and used it to make this handsome apple pie while couch-surfing with T. in Walla Walla, WA.
Thanks so much for the flour and the fun!From: F
To: sarah
Date: Tue, September 28, 2010 10:46:55 AM
Subject: Wheat trackingHi Sarah,
I think your wheat project is wonderful. I hope everyone who gets word of your project appreciates the nourishment as much as I do. My lover, E. and I got about 3 lbs of flour from your wheat from ECO and took it with us on our summer vacation which began in mid August and lasted for three weeks. During our trip, we visited Walla Walla, Washington for the first time. Also for the first time, we couch-surfed with a collage student there, T. It was a new experience for us and to show our appreciation to our host, we used a bunch of your flour to make a beautiful apple pie which we all shared. It was delicious. Thanks!
peace
– F.
—
to thine own self be true
And lastly, I talked to this woman at the Hull House and she, her father and her son were all dedicated bakers. She was very excited to have three generations of her family participating in this project, and later forwarded me this sweet email from her father (note the awesome review of the flour’s performance!):
From: R –
To: sarah
Date: Mon, August 30, 2010 7:50:46 AM
Subject: Fwd: PizzaDear Sarah,
I saw your talk at the Lill Street Art Center and got some flour from you. I gave it to my dad, who is a retired chef, and has more time to bake than I do. He absolutely loved it. Thanks so much!
– R.
———- Forwarded message ———-
Date: Sat, Aug 28, 2010 at 8:23 PM
Subject: Pizza
To: R-
Dear Daughter:
I thank you for giving me the experience of working with the best flour I’ve worked in my chef life for the last 12 years.
The natural gluten and the freshness of the flour gave me a perfect dough. I’m sorry you are not here to enjoy this wonderful Marguerite pizza.
Love,
Dad
Filed under: baking, recipes, where the flour went | Tags: 48th ward, apple cake recipe, Chicago, ernie constantino, flour, industrial harvest, wheat, whole wheat, whole wheat pastry flour
An addendum to yesterday’s post on Edgewater / Care For Real. Ernie Constantino, who hooked me up with Care For Real, Tom Robb and Mary Ann Smith, was introduced to me at least in part due to his excellence at pie baking. He lives in Edgewater, so he and his partner stopped by one chilly Saturday morning and took home 40 pounds of whole wheat pastry flour. Ernie has since become one of my most dedicated test bakers, sending me detailed reports on flour performance and recipes. Here’s Ernie’s recipe for apple cake. Happy Thanksgiving!
Ernie Constantino’s Apple Cake
Ernie’s report: “the cake was well-received in spite of my feeling it was way too sweet! … so if you forward this recipe, please give them my notes that the sugar could be reduced by at least 1/2 cup (btw, I used Turbinado/Raw sugar) and also the amount of batter was too much for a standard bundt tube pan …. also it was very moist which is good taste-wise but it crumbled easily esp. with the amount of apples called for in middle of cake … nutrition-wise, I think with the unpeeled hand-picked apples and WWPF*, canola oil, OJ, walnuts and eggs, it’s a winner!”
*whole wheat pastry flour. Ernie is not the first person to use this acronym, though I’ve avoided it.
This recipe is un-adjusted to reflect Ernie’s notes above. You can decide about the sugar yourself.
instruction | ingredients |
Chop and combine | 6 apples
1 Tbl cinnamon 5 Tbl sugar |
Mix in large bowl | 2 ¾ cups whole wheat flour
1 Tbl baking powder 1 tsp salt |
Whisk and mix with above | 1 cup vegetable oil
¼ cup orange juice 2 cups sugar 2 ½ tsp vanilla 1 cup chopped nuts |
Add | 4 eggs |
Pour half of batter into greased tube pan. Spread half of apple mixture on batter. Pour remaining batter then remaining apples on top.
Bake in 350 degree oven for 90 minutes.
Filed under: project updates | Tags: art, Chicago, chicago board of trade, documentation, flour, futures contract, industrial harvest, mess hall, residency, wheat
I’ve been meaning to post more about my time at Mess Hall BEFORE my residency ended, but as things have been more hectic than expected the last couple of weeks, it just hasn’t happened until now. I was thrilled to be asked to contribute to this anti-institution. Mess Hall’s structure and spirit reflects much of my own philosophy about art, and the emphasis on non-monetary exchange makes it a perfect place to, you got it, give away flour for free. For these two weeks, I wanted to focus on conclusions and solutions, and start to wrap up everything I’ve learned: make some sense of all this movement of flour, money, markets and goodwill; draw some conclusions about all these intersecting systems and maybe, just maybe, start to think about how we might need to change them (with lots of help from people more knowledgeable than I).
This was not an insignificant task, as it meant getting serious about things like math, which I typically avoid. I wish more of the programming had worked out. Unfortunately this is the time of year when farmers are the most busy and their priority is harvesting and working around seemingly constant weather issues (like tornadoes, which threw a monkey wrench in the plans of the ASFC). I hope that the annoyance of all the multiple date changes does not prohibit anyone from staying engaged in this discussion and attending the (dates to be determined) rescheduled sessions. For those folks who came to the commodity trading 101 session, thanks for your thoughtful participation; a special thanks to guest trader Paul Maggio who created a open, congenial atmosphere in which we could start to pick apart this stuff.
Having a storefront was a blast. People watching in Rogers Park is fruitful, and about 90 percent of passers-by would pick through the free box and clothes rack (about 1 in 20 would stop in for flour). One woman came in, thrilled at her free box scores (and wanting to share, as the ladies do, the thrill of a good bargain), and then asked me for a bag, which of course we had. About every other day when I arrived there would be a bag or two of clothes on the doorstep of Mess Hall, which would be incorporated into the free box and clothes rack. I also took the liberty of adopting 4 boxes of records that someone brought in, which has made a couple people very happy (including myself) but may be pushing the free store thing too far for such a small space.
All in all, people took 261 pounds of flour. Which is not bad for about 35 open hours, perhaps. Most folks that came in did not look like they actually needed free flour, they were just ardent bakers or interested in the project. But a few did look like having this gift was going to be of real value to them. Two people came in and left with one of the bulk (50-lb) bags – one guy whose wife bakes for all their friends and neighbors, and a student at Loyola who helps out with Food Not Bombs Rogers Park.
The documentation and “research results” from the project are still at Mess Hall for the time being. You can also see pictures here.
Filed under: project updates | Tags: amish, berne, bluffton, Chicago, field trip, flour, grain elevator, greenfield mills, howe, indiana, lehman feed mill, milling, mitchel enterprises, new rinkel flour, police, road trip, rumspringa, thunderstorm, tornados, wheat
This past week, I spent a couple of days out in Indiana visiting my miller, grain broker, and the elevator that sold me the grain. Mock me if you will, coastal snobs, but there is nothing like the midwest countryside in June. It’s humble and breathtaking at the same time, and they’ve got some especially pretty country up there in Northeast Indiana.
First stop was Greenfield Mills, located in Howe, Indiana – about a 2 1/2 hour drive from Chicago. For four generations, Greenfield Mills has been owned and operated by a single family, the Rinkels. They manufacture New Rinkel flour with “green power” technology that has been around for, oh, 75 years or so – water from a mill pond and a dam on the Fawn River powers the generator. Mills of this size used to be common – there used to be 10 mills on the Fawn River alone, and over 260 in Indiana. Now there are only about 260 small mills in the entire country. The Rinkels (Dave, Mary, Amanda and James) were wonderful and accomodating and let me poke around the mill and take pictures to my heart’s content, the results of which can be seen here. My Industrial Harvest brand flour looked pretty great to my untrained eye, but it pleased me to no end when I later sat down with someone who knows about such things and she said “this is just what I hoped it would look like!”
Next stop: Mitchel Enterprises, of Bluffton IN. Leon arranged the purchase of the wheat. He gently corrected me when I called him a broker – in the business, a broker is a middleman who does not touch the actual stuff. Leon is more appropriately known as a “jobber,” a different breed of middleman (another term none of these folks like, but what seems to be a necessary element in this business) that buys and sells the actual grain and by-products of grain. This, in commodity speak, is known as the “cash” market, although if I had to carry around enough actual cash to pay for all this stuff I would have needed a briefcase (there have been multiple instances of sticker shock on this trip, first at the Rinkels’ and then at Leon’s). Leon and his nephew Jan buy, sell and transport grain and grain by-products – they deal a lot with waste products that accumulate during the industrial food production process. Often these can be used as feed or bedding for animals (here’s where I am torn between a distaste for industrial meat production and a respect for resourcefulness).
And finally, at the end of a very long, hot day in the car, I made it to the elevator where the wheat I bought came from: Lehman Feed Mill in Berne, Indiana. Jeff Lehman, the owner, looked no less hot and worn out than I did but still took a break from his running about to talk to me about their business, and let me wander around in the 90 degree heat as long as I liked (which was not very long) to take pictures (seen here). He and Leon both do some hedging on the Board of Trade, especially to cover large transactions, but preferred to stay in the cash market whenever possible. Jeff told me that trading has been more volatile overnight the last few years, so he will often place trades before the close of business or on Fridays, especially during the harvest when he’s shelling out a lot of cash as farmers bring in their crops. Jeff says he tries get farmers to focus on quality rather than yields, but that can be tough. The higher quality grain is kept separate so that it can go to customers like me, who will pay a premium for it. Occasionally, a larger elevator will buy Lehman’s high quality grain to blend, so that their lower quality grain will meet a deliverable standard (be prepared to read more, much more about grain quality in upcoming posts).
To sum up: Three family businesses, two very large checks, and two straight days of talking, taking pictures and asking questions. All of which were expected, but then there were also some surprise adventures that happened on this field trip. During a dip in a local lake I was entertained by the arrival of three buggyloads of beer-drinking, hip hop listening Amish teenagers obviously on rumspringa. Way tanner and in better shape than the other group of redneck “English” teens at the lake, they entered the bathroom in traditional garb, and came out looking like California surfers. The next day, before heading back to Chicago I stopped at a diner for dinner. As I ate, the buzz began about a big storm heading out our way. By the time I’d finished, all the other customers had run out to hole up in their basements. The restaurant staff and I gathered about the Weather Channel and gawked; the restaurant owner closed down the kitchen early and sent most everyone home and I waited out the storm with the owner, a waitress, a busboy and three cups of coffee. Folks were calling with weather updates, at least two of which included tornado sightings. We were on the edge of our seats – did you know the cooler is the safest place to be in case of a tornado hitting a restaurant?
Finally, at around 11 pm it appeared to be safe to travel on, so I rode the caffeine high all the way back to Chicago. And just when I thought I was home free, I somehow got turned around the wrong way getting on to Lake Shore Drive and got pulled over doing an illegal u-turn right in front of a cop car. Frazzled, I explained to the cop that I’d had to wait out the storm, wasn’t really from Chicago, got kind of lost, tired, etc. etc. – and at that point, the cop says, “what’s that in your backseat? ” (did I mention that I’d filled the trunk and backseat of the rental car with 700 pounds of wheat and flour? It’s great for gas mileage.) Anyway, so I reply: “It’s wheat.”
“What?”
“Wheat.”
“What for?”
“It’s kind of a research project.” (at this point, any mention of art seemed unnecessary information).
And with that, the cop turned around and went back to his car with my drivers’ license. After about 10 minutes of me literally and figuratively sweating it out he came back with his partner. Partner (female): “Can I look in your backseat?” To which I consented: “It’s 50 pound bags of wheat. Do you want me to open them up?” They poked and prodded at them for a few seconds, and then the (male) cop says in an authoritative tone “It’s wheat.” I get a mercifully short lecture, no ticket, and am told to be careful getting home.
Filed under: project updates, wheat growing | Tags: amtrak, dark northern spring wheat, durum wheat, empire builder, hard red spring wheat, montana, north dakota, train, wheat, wheat growing
Well, it’s good to finally be here. I have been thinking about you for months now, and don’t worry, I’ll have plenty to say about you as the weeks roll on. But first I’d like to take a few moments to reflect on the remote, the hinterlands…
I took the train out here, and in all the hectic preparations for leaving town I forgot that it goes straight through wheat country – Montana and North Dakota. Rob and I have always taken this trip in the wintertime where it is grey and white and brown. It’s beautiful in its starkness, but it was so exciting to see green trees and fields this time. Better yet, I’m making this trip at least two more times – probably three – over the rest of the summer and fall, so I’ll get to see everything grow and change. I grew up in corn / soy fields, so all of it will be new to me.
Judging from the extent of the growth and how far north it was, what I saw was likely dark northern spring wheat (AKA hard red spring wheat), which is sown in the spring. It could have also been durum wheat (used for pasta) which has a similar growing season (see maps here and here).
See pictures from the trip here. I’m no RobZ, but am happy to be able to share them.
Filed under: baking, project updates | Tags: all-purpose flour, greenfield mills, industrial harvest, milling, new rinkel flour, pastry flour, wheat, whole wheat
Another crucial link in the long chain of transactions that hold this project together has now officially been forged (actually, this happened awhile ago, it’s just taken me awhile to post): the miller.
It took awhile to find a miller, and was much more difficult than I’d expected (although, to be honest, nothing in this project has been easy, I’d erroneously assumed that after figuring out Board of Trade delivery logistics, I’d be home free). Dealing with 1000 bushels of non-organic wheat posed problems to millers both large and small. The big guys couldn’t keep “my” lot of grain separate from the rest. Since this project is all about creating an identity for a generic commodity, once it comes out of the grain elevator, it needs to evolve into something more “special” – and I mean, I just can’t go putting my very special commodity grain in with all that other riffraff. The small mills were typically either exclusively organic and/or too small to handle that quantity of wheat in a reasonable time frame. And, you guessed it, there just aren’t a lot of small mills out there anymore. Smaller grain mills used to be common in the country midwest, but most of them have gone out of business.
So finding the folks at Greenfield Mills was a lucky break. A fifth generation family operated mill on the Indiana / Michigan border, it’s also hydro-powered (generating power for the mill, plus 11 nearby homes). Small enough clear out a bin to keep my grain separate, big enough to not be exclusively organic, and run by some very kind, understanding and accomodating people. Dave Rinkel, who I suppose you could call the patriarch of Greenfield Mills, has been walking me through the miling process with plain talk and good humor.
They’ll be milling two types of Industrial Harvest flour (and as much as I detest terms like “branding”, well, I’d just like to acknowledge that creating this “brand” has been a very satisfying part of this process): a whole wheat pastry flour, and an all-purpose unbleached white flour. Here are the labels that will go on the bags of flour. Bonus points for folks who can identify the origins of the label symbology…
This project has been a little bit like starting several businesses at once; I’ve been continually polling the bakers I talk to: what kind of flour should I make? Because soft red winter wheat – the type traded on the Chicago Board of Trade and commonly grown in the lower midwest – Illinois, Indiana, Ohio, Missouri – is lower in protein, it’s better suited to pastry flour. Although I’m not opposed to pastry flour, it’s used more for baked goods (cookies, crackers), biscuits and pie crusts – all delicious food items, but it’s not quite as versatile as I’d like – and I really wanted folks to be able to make bread with this flour. After further discussion with Dave Rinkel, I decided that it would be worth mixing in a bit of hard wheat to bump up the protein content of the soft wheat and get an all-purpose flour. This will make it better for breads, which need that protein to develop that great chewy texture. At this point, I get a little bit less uptight about letting other wheat mingle with my special batch; in life, practical considerations create inconsistencies that we must live with, and more than anything else I want this flour to be a useful product for the people that receive it.
Filed under: Commodities trading, project updates | Tags: chicago board of trade, commercial grain inc., futures contract, futures contract delivery, grain elevator, hedging, mini-wheat, wheat
Well, yesterday morning I became the proud owner of a July Chicago Board of Trade wheat futures contract (the 1000-bushel “mini” contract) – so perhaps it’s time to start telling the story of how all the pieces of this project will connect.
A futures contract is, in essence, an agreement to buy a certain quantity (in my case, 1000 bushels) of a certain grain (wheat) by a certain date in the future (July). Buying a futures contract is one thing, but actually following it through to delivery is pretty rare – out of the millions of bushels of wheat that are traded as futures contracts on the Board of Trade, only a very few end in the exchange of actual grain. So, futures contract delivery is a specialized and complicated transaction, and most commodities brokers don’t deal with it very often, if ever (within the commodities brokerage world, there are folks that specialize in deliveries of futures contracts). With help from Joanna, some of her co-workers, and a contact at the Board of Trade, I found out a few months ago that to actually deliver on a mini-wheat contract (1000 bushels), I’d need to have 5 mini contracts, or 5000 bushels. That’s not only too rich for my blood, but 1000 bushels is going to be tough enough to deal with, thanks.
So, we (they, really I can’t take any credit for this), devised an alternate approach. Basically, I’m going to be using my futures contract to hedge, or manage risk – exactly the same way a baker or miller would use it. The contract I bought today will basically lock in my price – any increase in price between now and then will make me money on the futures contract, offseting the higher price for the wheat on the “cash” market. Instead of letting the contract expire and taking delivery, I’ll settle the contract shortly before its expiration date and then, in a separate transaction, go pick up the grain at an elevator. I’ll be getting the wheat from the only grain elevator in Chicago that is certified for CBOT deliveries, a 12.3 million bushel behemoth on the Illinois River, now owned by Nidera.
My brokers Jim and Steven at Commercial Grain, Inc. (out of Arkansas, of all places) have been great to work with and super helpful and patient explaining how our relationship works and what my hedging strategy should be. The lower I can get “in” to the market, the better covered I’ll be in the case of price increases between now and when I pick up the grain. I was advised that $5.00 / bushel is probably a good point to jump in (and that’s basically what I’ve budgeted for), that although prices are on the upswing they aren’t expected to swing too wildly before we close out the contract, and that I should watch the weather reports and the upcoming USDA crop report to make sure (full disclosure, for those who might be inclined to nitpick my brokers’ advice: my notes on this conversation are not that great, so it’s my translation, not the actual advice, that would be the issue – if there is an issue. Do I sound like a lawyer yet?).
So there were a few quiet days in which I filled out the requisite forms and pretended to understand the significance of the daily grain market reports these guys were sending me. Then, there was that inexplicable insane swing in the markets last week, which I missed the day it happened. The next day when I talked to Steven he was like “What?? You don’t know??” like there had been a nuclear explosion or something, although I’d probably miss that too because I’m apparently living under a rock out on the edge of the continent here…
Anyway, we played it cool for another day or two, and then Monday morning, just as I was reading the grain market report saying prices seemed to be headed up and up above $5 for the foreseeable future, I got the call from Steven that the trigger had been pulled – he’d jumped on it first thing in the morning while prices were still low, and I was in at $4.99 3/4!
Filed under: big ag | Tags: chemical companies, corporate agriculture, DuPont, genetically modified, GMO, Limagrain, Monsanto, Syngenta, wheat
One of the questions I get asked about the most when I talk about this project is whether the wheat I’m about to buy (more on all of that very soon) will be GMO. So far, I’ve been able to confidently say no – Monsanto was persuing GMO wheat a few years back, but stopped after widespread concern from farmers and others about the impacts of GMO crops. Plus, the wheat gene is hexaploid, a more complex genetic structure than is found in corn or soy, which apparently makes developing a GMO wheat crop a little more complicated.
So, I was a little startled and had a small moment of panic when my dad sent me this article this morning: http://www.reuters.com/article/idAFN0410612420100504?rpc=44
Bottom line is that GMO wheat is still a few years out, but Monsanto re-started their GMO wheat efforts last year and several other ag / chemical companies (Dow, Syngenta, DuPont, Limagrain) are researching it as well; its release is seen as “inevitable.”