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Its Marketing and Could change Picture a bit.

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  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485

    Its Marketing and Could change Picture a bit.

    How dry is it getting in South America. Some video and pictures I have got this week show a Soy crop in some areas that is total Shit. Vegetation stage and leaf dropping taking place. Also when the guy walks through the crop its that crunchy sound.
    So would rain help still these crops. Yes but if this continues till Jan I think it would be over.
    What are others getting for info out of South America.
  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485

    #2
    Also just got the winter info from Drew. Alberta looks like it could be very dry in 2016 plus a portion of Saskatchewan. Lentils and Durum like it dry so might work out ok.
    Peas and Canola not so much.

    Comment

    • farmaholic
      Senior Member
      • Sep 2010
      • 17483

      #3
      Any NDVI maps available for the peasants to look at or are those only available to International Grain Merchants? I'm wearing my conical hat with pride this morning.

      Comment

      • farming101
        Senior Member
        • Mar 2011
        • 3955

        #4
        Any news that would cause an uptick in grain markets would be welcome.

        Comment

        • errolanderson
          Senior Member
          • Jan 2012
          • 3146

          #5
          SF3 . . . big news out of Argentina is the rumour of their peso currency being devalued later this week. This is pressuring oilseeds today.

          This move will make Argentina more export competitive.

          Comment

          • Hopalong
            Senior Member
            • Apr 2013
            • 1244

            #6
            To the extent we can trust any forecast, commodity futures contracts are the most believable.
            Looking at Farms.com, canola has about best price gains in next year.
            Think futures market prices are what we should pay most attention to.

            Comment

            • bucket
              Senior Member
              • Jan 2008
              • 17033

              #7
              And the canadian dollar shedding 20 cents to the usd doesn't make canola competitive?

              Well then let's go to a 60 cent dollar to get exports.

              Comment

              • ajl
                Senior Member
                • May 2008
                • 3258

                #8
                The argentinian peso still has room to go lower? The worthless Canuckistanian peso hardly can do that any more. Bought $US at 0.78 with the though of lifting at 0.71. Now think it is headed lower yet maybe 0.60 as pointed out by other posters.

                Comment

                • errolanderson
                  Senior Member
                  • Jan 2012
                  • 3146

                  #9
                  bucket . . . that's why you can get $10 canola now, not $9 canola.

                  Comment

                  • ajl
                    Senior Member
                    • May 2008
                    • 3258

                    #10
                    With a 0.50 loonie we can get a record $15 for canola so dropping the currency as much as possible as quickly as possible is good policy. Good thing Trudope is captain of the ship so we will get there quickly.

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