Oversold Canola

[errolanderson]

Markets go too high, but they also go too low.

IMO, the washout in canola was exceptionally steep over the past few days. There is still lots of weather ahead for North American crops.

This may be just a bounce in an overall bear market, but none-the-less a bounce.

[bucket]

Errol

In my travels I haven't seen the canola flower as long as other years.

Production?

[farmaholic]

The only fish they'll be able to catch are the hungry ones. The others will be able to wait for more and better "bait".

[farmaholic]

Is there a legitimate reason the price is as low as it is?

No one needs to try and catch the falling knife?

Pre-harvest price desiccating(ha ha)?

Any crushers on shut down?

Is the crop as "good" as they think?

How much is in commercial hands?

China's dockage dilemma(crock of shit price depressing practices)?

Canola versus soybean price comparison?



A fool can ask more questions than a wise man can answer.

[fjlip]

Basically canola and soy are only carryovers decreasing??? Billionaires playground probably the reason.

[Partners]

Every yr we are suppose to make money, with lower prices..Just a few yrs ago wheat was $8.36 off the combine and canola was $14.40 off the combine..

If the big boys want to play with grain, why can't they do it with higher numbers so we can survive?

As long as there is one extra seed in the bin...Its over supply...

[farmaholic]

What really grinds what's left of my gears is why we should have to accept less money because the crop may be better than average. This should be a benefit to the Producer. Like a lot of other things, once the price bar has been raised to a certain level it shouldn't be allowed to fall too far back. Maybe I should think about fertilizer for a moment (this year)! Even tougher is the profit point is different for everyone given all the variables with fixed/variable costs and yeild.

Tough way to make a living....but as some of you say, if it was easy everyone would do it. Who in their right mind.....?

[grefer]

All you have to do is look at most other industries. They cut back and lay off workers until things improve. Not farmers. We are told and often do just grow more. How is that working for us?

[bigzee]

Plain and simple ...... rain makes grain!!
All the flooding, hail, and disease are non issues, at least that's what I was told.
Grow lots and they will buy it cheapy cheap!!!!

[4GFarms]

That is exactly right Grefer!! For example, price of canola falls from $11 to $9 and you grow 40 bushel crop and the difference to get to the same follar value/acre is 48 bushels. How do you get the extra bushels??? Well Mr. input guy can I buy another $20/acre of fert. Well you need to buy now cause price of fert is going up (haha)! Oh and to harvest/transport that extra 8 bushel crop you need more machinery (insert equip dealer name)!! We are all idiots (loose term- dont want to offend anyone)! Grow more for less but dont forget to take the snap shot if your uncalibrated yield monitor in that 60 bu canola field through that low spot where an old farm yard used to be so you can tell your neighbor yours ran better than his to feed your ego!! What a joke us farmers are (end of rant)!