Stats Can BS again!!!

[charliep]

As a farmer, you can make money timing your sales.

When I you ask whether I have an opinion in another thread - for sure I do. I like to treat like bow hunting deer. Observe and look for opportunities.

The opportunities have to be judged relative to a farm's marketing and business plan. One size does not fit all.

[dalek]

Geez sorry guys. All my fault, I told them I had half a
million acres of each in this year. Thought the North
Pole address would have clued them in.

[SASKFARMER3]

How come now even the experts are questioning the Stats Canada numbers. Kevin From RBC securities even was wondering about the canola number.
19.8 x 20% high equals a harvested final acreage of 15.9.
I feel that's close to maybe slightly high. Flooded canola will be next on farmers mind.

[charliep]

Suspect no one is using 19.6 mmt in their supply demands. Even
suggest no one knows the number for sure. So if the number is ____
(you put it in), what will be the impact on futures prices? Basis?

What is the relationship between soybean oil prices and canola? I convert
CBT soybean oil prices to Canadian/lb and multiply by 10. December
CBT soyoil futures closed last night about 56.5 cents/lb. November ICE
canola - $565/tonne.