Well lets start with peas and India.
All line companies are scrambling and no bids are available for peas. Last year at this time or maybe Dec i had a price locked in for 50% of my pea crop for 2017 growing season. This year hell i bet even in Jan at the Saskatoon Farm show we won't see pea bids and if we do they will be in the $5.00 a bushel range maybe lower maybe higher. Sad but this is what shit happened before in Ag and it will continue. If a country that buys wants a cheaper price they play games. You can challenge them all you want its about them getting product that they need cheaper than we want to sell it. China plays this always with Canola, Egypt on Wheat with Ergot. Its a game.
Who looses out its you Joe Farmer.
Yesterday I received a Email buyer searching for yellow peas 70000 bushels at $6.00 my fall price was 8.25 Thats a drop of over a $100000 dollars in the farmers pocket.
Those who say AG is flush with cash yea tell that to a guy who didn't sell in fall off the combine and is sitting on bins of peas. You loose out on a few deals like this and guess what your eating up cash like nothing.
Then we have Russia and wanting world wheat market all to themselves well they are playing with freight watch them let the Army run the trains just like the USA uses the Army to maintain the Mississippi river system its not a subsidy its just business. Not saying thats how Russia will do it but I am thinking something is up and were getting beat at our own game.
Then you have boy blunder pushing his personal UN views on other countries during trade missions and visits. Keep working for your people at home Mr PM and forget about some UN Bullshit.
Third thing this week is Equipment and our bullshit Pollution shit on Tractors vs Tractors going to other places that have none of this shit on because their construes maybe talk about climate change and do nothing because they realize it will kill their economy. Just check out other places and you will see that North American Manufactures are shipping new equipment to these places for way less money than we pay and they are basic brand new tractors etc with none of the bullshit on. Funny at the farm show now that Versatile has to add the Carbon emissions engines they are the same price as Deere NH or Case.
Yea were getting it with all this shit and losing our competitive advantage in the world.
Oh again to the guys who feel Ag is so flush with cash here is another US Report but oh Canada is so different were so special that the increase in Land Equipment and Inputs can't effect us.
Fewer but Bigger Farm Bankruptcies
Fewer farms in North America means fewer bankruptcies. But when farms do go under today, the stakes are typically higher, says a story from Syngenta. .
“They are larger, the amount of debt is greater; the fact that we’re not seeing a higher number doesn’t mean there isn’t considerable distress out there,†said Todd Langel, a lawyer with Faegre Baker Daniels in Des Moines, Iowa.
Speaking at the Grain World conference in Winnipeg on Wednesday, Langel said the factors causing insolvencies on most farms these days are generally tied to low commodity prices and a lack of knowledge about how to deal with shrinking margins.
Oh one more tid bit before the end of the week.
USA and Canada Soy Crop is lower in Protein, Canadian is always lower in general but this year its a lot lower. Fall purchases by grain companies are not moving as they realize this now. Next year they will change from just buying to adding discounts watch.
SO for a positive to end the week the Riders won last week and are playing in East Semi Final. Go Riders.
Vegas was Fun.
Have a safe productive week.
Add please if their is something that I missed this week or should of added.
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