canadian canola

[OneOfMany]

As I have said before:

The Richardson's, Parrish's, Heimbecker's, Paterson's, Cargill's Dreyfus', etc of the grain world, never had to go to the markets to raise capital, issue shares.

Billion $ company's, its fairly obvious where they get all of their wealth!

[Braveheart]

Most of us are running farms that are multi million dollar enterprises. What is your ticker symbol? Are you listed on Wall Street or the TSE?

I know less than most about the grain cos finances. But, one can see that Richardsons are very conservative investors in general. If you watch their growth over the last few decades it has been slow and careful, sustainable growth. Much, I would think like most successful farms.

In terms of canola carry out, the grain cos would like to know as real a number as possible, to plan crush, line up customers, book transportation, etc.

[charliep]

There is never a mention of price in these postings but I note narrowing of basis as an indicator of the challenges of getting canola from bins to the elevator. A bit will be current low prices, uncertainty about 2014 production and finally perhaps questions about the size of the 2013 crop.

Your bigger challenges from a price side are what is going on south of us. Still uncertainty in the US crop given August is the main month determining US soybean yields. US soybean yields potentially over 45 bu/acre. Corn could be 170 ish. Watch the next USDA report which will be survey based.

A consulting group ARD uses sees potential for US soybean futures to be under $10/bu this fall and under $9/bu this spring if South America gets a good crop.

[T.N.T.]

Sk3 a lot of farmers are just like those stupid sheep,they just keep walking down the line until it's there turn to be slaughtered.As far as carry over there is none,we were all sold out the beginning of march,and thats defiantly a first for this farm and the rest of the neighbours bins are empty to.

[farmaholic]

Grain Companies: HeyZeus Kriest man, take a risk like we do everyday. What's wrong, don't they like unknowns....LOL

[fjlip]

Great comments, even IF farmers are worth millions, the rest of the chain sees us as price takers and manipulate our returns and cost as much as possible. Tough to prove but if it quacks like a duck....

[ado089]

I have 500mt but was sold a long time ago to be picked up next week.

[SASKFARMER3]

Charlie the bins are empty dah! The lower basis has been taking everything. Crushers are empty! The big yield was a little bit exaggerated! Farmers started with the yield monitor is showing 80 then the grain companies and advisor groups continues the yields and like all good lines added more so monitor that maybe had 55 now is 90!
Bins are empty!

[charliep]

We'll see in another month.

Interesting the US is doing their own rejigging of numbers. It would appear they under estimated the 2013 soybean. That number will become more apparent in August and in their next stocks report.

[charliep]

If you guys are so certain about the carryover, why weren't you selling futures this past winter when July futures gave you a sniff at $500/tonne and making cash sales today when basis levels have narrowed?