Profitable year?

[farmaholic]

For those lucky enough to grow a decent crop this year I feel it is going to be a very profitable year for them. We had some of those when others were getting drowned out. At this point it looks like this year isn't our turn(again).

I think there are going to be acres that no matter what the grain price is (not considering the possibility of stratosphere prices)there is no way they will be profitable.

You can't market for years like this on our farm. And I don't play at the Futures and Options Casino.

Kind of a sickening feeling.

[furrowtickler]

I agree for sure , if a guy can pull off at least an average crop it will be worth a lot - but a long ways to go

[Ronski]

I'm just glad I never jumped at ten dollar canola. I've got a crop coming but for the guys that don't it could get expensive to buy their way out.

[freewheat]

I sat out the last run up in prices, and it was not a delight at all having nothing seeded. It is sure hit and miss. Some friends were over last night, and only an hour from here, they have had a total of 3 tenths this year so far. Crazy..

[Hopperbin]

Heat coming this week according to the forecast and your dry the chance of moisture this week is slim.

[iceman]

Yes even in the dry areas For those who still in employ the time tested risk management strategy that is grain hording

[hobbyfrmr]

Whymdo you guys think prices will increase? In 2002 most of saskatchewn did not harvest a bushel and I dont remeber the prices even making a burp.
Trendline Average production in the FSU, USA and Australia can easily make up for Western Canadas shortfall.
Remember, only grain farmers like high grain prices.
I have seen this movie, dont get excited about high prices yet. If they do go up, excellent but remember, everybody up the supply chain that will touch your grain is betting against you because they need their profit more than you.

[charliep]

Perhaps why I like to think of gross/net income versus price. I know Mother Nature controls yields but at the end of the day, the market controls prices. I would rather talk about a 15 million tonne crop that averages $10/bu than a 12.5 million tonne crop that averages $12/bu. Likely a lot more pain among the majority of farmers in the latter situation than the former.

[sumdumguy]

I think special crops will be in high demand because so many contracts were written and a home was found for the grain. But with that home comes an obligation to supply. History has proven that this is so. In 1994, Canary was over 56 cents a pound, not because some distant birds were hungry, because grain merchants were short. Wheat is a manipulated market, so it may not be as elastic but depending on the US crop, it too may be robustly sought after. Hope for once farmers can be in the driver's seat.

[ColevilleH2S]

An aweful lot of my Canaryseed is still sitting in the ground ungerminated. Maybe it'll catch a rain in September and grow like winter wheat. After all, this is Next year country.