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Chart Buster! What a fun two days!

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  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485

    Chart Buster! What a fun two days!

    Wow canola is down $1.20 a bushel since Friday.
    Ha lets look at losses on every farm. Were down $120,000. in Canola plus another 100000 with other crops in two days.
    Ah love the corrections, time for a holiday to get away from all the BS. Egypt is free of their warlord who was USA backed but the people are happy here were asking for price increase, wink wink CWB went hand in hand for a increase to get us to 50% of USA price. Nice to see we loose at one end but the CWB is getting us some cash on other side.
    Nothing has changed fundamentally. No extra grain was produced than before. But you can only go up till you need a correction. But Remember the Last one in 2008 wow what a ride.
    Not yet if this was late July and we had a bumper Europe had same and USA same. Id say were hooped.
    Have a fun week, 10Days till USA bound.
  • farmaholic
    Senior Member
    • Sep 2010
    • 17482

    #2
    Greed has taught me more than one lesson in my life, sad thing is I forget easy and am a slow learner!!

    Comment

    • RichFarmer
      Junior Member
      • Sep 2010
      • 26

      #3
      Actually you are out $120,000 grand because you never locked the price in.

      Comment

      • bucket
        Senior Member
        • Jan 2008
        • 17030

        #4
        Is the middle east done rioting for food?

        If anything the demand now shoots through the roof on this setback.

        I don't believe there is more grain than a few weeks ago. Maybe less. And if the buyers that need grain don't come in and buy, then who can feel sorry for those that are starving.

        Comment

        • SASKFARMER3
          Senior Member
          • Feb 2006
          • 14485

          #5
          Rich farmer Im up $600,000.00 on last years crop sold just a while ago so Its a good year. I agree the top aint even close to being in. Their short and need product. Also Viagra has a huge amount of bills due by farmers. HM

          Comment

          • bucket
            Senior Member
            • Jan 2008
            • 17030

            #6
            Viterra bills were due at the end of January and if they are paid there is no hurry until next January.

            Comment

            • farmaholic
              Senior Member
              • Sep 2010
              • 17482

              #7
              I agree, noth much has changed in supply. Let the specs take their profits again and in time it will go back up and possibly even further. Patience will be rewarded but prudence will be needed, watch out for the greed factor.

              Comment

              • SASKFARMER3
                Senior Member
                • Feb 2006
                • 14485

                #8
                Vitterra is always feb 25th sorry boys.

                Comment

                • wd9
                  Senior Member
                  • Nov 2000
                  • 3196

                  #9
                  SF3 you never lost 120,000 because you never made it in the first place.

                  Comment

                  • boarderbloke
                    Senior Member
                    • Sep 2007
                    • 1991

                    #10
                    "When the markets are hot and your snorting and puffing like there's no tomorrow, and your horns are down and you're charging ahead, sometimes all you can see is the red cape and not the estocada" BOARDERBLOKE 2011

                    http://dictionary.reference.com/browse/estocada

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