Anouther solid week in the grain/oilseed market

[furrowtickler]

Where do we go from here? Good gains again this week, will there be a correction comming?

[charliep]

Was a good week.

Canola futures up $10 to $12/tonne. January at over $550/tonne.

Soybean oil up close to 3 cents/lb. Soybeans up 50 cents/bu.

Wheat up 10 to 20 cents/bu with Minneapolis at $8/bu (Mar).

Corn only up 7 cent/bu close to $6/bu.

Canola crush up 57 % over a year ago. Exports similar pace to last. Pace to slow.

[freewheat]

Who cares?

[RedRiverMB]

There are some fantastic prices to lock up on
production for next year. You know Canola will not
even be close to this price next year if any average
crop comes off with all the acres I am hearing guys
going after.

[parsley]

CASH THEIR CHEQUES!!!

[furrowtickler]

Absolutely R/R, thats the point. It's not about what is or is not in the bin this year, well sota, it is about opertunity for next year. I hope like hell, if anyone on here, freewheat you get a crop next year and for a few years beyond. I realy think no one here or anywhere has been in your shoes, you need more than a break - prayin for ya - not kidding.

[riders2010]

it all depends where you sit on the weather lottery agristability program. if you haven't lost any crop due to disasters and have your margin then by all means lock in. no worries you can be the biggest idiot out there the program will bail you out. for the rest either people were not as wet as they say or they are in denial. We went through this wet a few years back and if the areas that did not seed or seeded and poor crop because of wet get any amount of snow those acres are toast. With this last shot of snow and rain that has melted ditches are full and running now lakes in field. anything can happen elsewhere the drought areas that got enough rain to have bumpers but no reserve for this year what happens if no rain there while we get rain again will these be prices to be committed to with nothing in the bin and no agristability to fall back on? the peace area wasn't there no crop at all?

The weather lottery is creating 2 kinds of farmers those that can afford the risk, and those that cannot. Those that are stressed to the eyeballs and those not.

[riders2010]

They say they have no idea about what is happenning yet cashing their cheques and the minister says he cannot do anything about it, seems to me alot of do nothing know nothing that comes out of somebodies pocket to pay for on both sides, these people are not making chump change.

[charliep]

TOM4CWB posted this link in another thread. Interesting/worth bookmarking. You have to open the spreadsheet at the top to get the full report.

[URL="http://www.uswheat.org/reports/prices/doc/CCB13C078BC2CDF8852577D20072E621?OpenDocument#"]uswa prices[/URL]

[Fransisco]

A neighbor of mine had a dispute regarding a winter wheat FPC last year and found out, on top of everything else, our Director didn't have a clue how they worked. He still doesn't. The only thing he's interested in is telling everyone the monopoly is great.