Heat all over and we get rain!

[SASKFARMER3]

Seems its sweltering in Europe, China plus the Eastern USA. Hm and were wet in Western Canada. Sorry all except the Peace.
If the ****seed crop is smashed in Europe from Heat and Barley and Wheat get Cut by heat, Throw in a Frost in Canada and El Nino causing drought in Australia wouldn't grain prices move, Charley.
Or are we one crop failure in China away from Real Market power.

[SASKFARMER3]

Russia is getting extremely dry. Warm Dry winds Hm that makes crop grow big doesn't it.

[charliep]

You may be right but you have to convince the market, not me. I always like the song "I Fought the Law and the Law Won". My version is "I Fought the Market and the Market Won".

All the news you mention is in the market in some shape or form. The US also tends to react to what they see out their front window (just like we do) and the US crop is in pretty good shape as
indicated by yesterday's USDA crop report.

<a href="http://www.nass.usda.gov/Publications/State_Crop_Progress_and_Condition/">state level weekly crop report</a>

<a href="http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1048">crop progress</a>

[charliep]

Actually in commenting, I should comment the market has responded. The canola chart highlight the fact that futures prices have increased over $45/tonne - a buck a bushel.

[URL="http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx?page=ccharts&ab=quotescharts&sym=RSX0 &data=D"]Canola Nov Futures[/URL]

Wheat has also responded although.

&lt;a href=&quot;http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx?page=ccharts&amp;ab=quotescharts&amp; sym=MWZ0&amp;data=D&quot;&gt;MGE Dec futures&lt;/a&gt;

[charliep]

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2010-11/2010-11fpcbpccharts.pdf"]CWB historical charts[/URL]

[charliep]

More information than you want but here is a comment from Europe.

[URL="http://www.agrimoney.com/marketreport/evening-markets-talk-of-10m-20m-tonne-downgrade-lifts-wheat--654.html"]comments Friday USDA report[/URL]