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Old crop beans over $16.00

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  • boarderbloke
    Senior Member
    • Sep 2007
    • 1991

    Old crop beans over $16.00

    Just see this morning that old crop beans JULY traded over $16.00. Despite the fact many location have zero or even positive basis. Big U.S. bean acres planted (lol), and big South American crop not hurting price much, at least south of the border. Beans up ALL months. Canola crush margines must be huge here, particularly with our lower dollar.
  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485

    #2
    They will be skinning us blind this fall. Money
    money money. Crushers never lose.
    One note it's a later crop all across western
    Canada. Most are blooming or starting this week.
    Remember every day over 28 they have flower
    blast folks.
    It's not going to be a huge crop.

    Comment

    • HappyFarmer
      Senior Member
      • Jun 2012
      • 433

      #3
      Oops you spoke too some Boader! LOL! Agree
      with saskfarmer. Going to be hard to build stocks
      of canola in this country but doubt we are going to
      see the perfect storm to get us to the prices we
      saw last year, at least today anyways the way I
      see it.

      But I guess you never know.

      Comment

      • boarderbloke
        Senior Member
        • Sep 2007
        • 1991

        #4
        Maybe Happy, sorry I should've posted that those prices were from the Globex CBoT e-trade, before the market opened in the pit.

        Comment

        • MBgrower
          Senior Member
          • Sep 2012
          • 1565

          #5
          Canola in south central mb is at full bloom, and 33C
          temps this week. No big yields here this year, it will
          get blasted hard. Next year will be my first year with
          no canola in the rotation, beans are with winner. Too
          many agronomic issues with canola.. disease, bugs,
          leaf hoppers,... never ends with the ugly sister.

          Comment

          • MBgrower
            Senior Member
            • Sep 2012
            • 1565

            #6
            Canola in south central mb is at full bloom, and 33C
            temps this week. No big yields here this year, it will
            get blasted hard. Next year will be my first year with
            no canola in the rotation, beans are with winner. Too
            many agronomic issues with canola.. disease, bugs,
            leaf hoppers,... never ends with the ugly sister.

            Comment

            • boarderbloke
              Senior Member
              • Sep 2007
              • 1991

              #7
              WTH happened to Aug beans today? Down $1.8475/bus from yesterdays close at one point during the day, and ended closed, up $0.0525

              We'll have to check out twitter for the news.

              Comment

              • boarderbloke
                Senior Member
                • Sep 2007
                • 1991

                #8
                Soy oil up big all months, soy meal down all months.

                Oh yes, Brazil has the biggest export volume of beans in June on record, 6.57 MMT vs. last record in '09 at 6.174 MMT

                Comment

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