I hope Northgate elevator facilities on sask/usa border goes for market share, they hav a great opportunity to develope significant and loyal customer base - more than competitive. In the bulk commodity game volumes are king.
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I think we are all on the same page.
First point agree totaly.....no where near a 2013 crop.
Secondly....we had 7 ish dollar wheat, 11.00 ish dollar canola through harvest that people sold the shit out of. We don't have anywhere near those opportunities this year. So point being even if we did have a 13 crop, people would be sitting back way more in selling the crop at harvest than in 2013.
I don't think this is even a issue worth talking about.
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Started swathing canola today. Nice long pods but holding them up to the clear sky today I am out of denial that a lot of them are not filled like they should be. At least this the first time in many years in this particular field with canola, I can swath it with out not worrying about getting stuck going around drown outs.
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The railway reports indicate the railways are only moving 500000 to 600000 tonnes a week.
They only meet 90 percent of the spots.
And there are unused cars due to damage etc.
No problems?
A 100000 dollar railcar earns 2 million plus during its lifetime and no one can decide who should buy new railcars?
Good thing I got a roll of tinfoil in the mail .... back to serenity now...
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Railways are not organized and efficient enough to haul grain. They will use weather as an excuse if they get behind.
Instead of fines they will now be forced to take a selfie with a Liberal.
The Saskatchewan crop will be smaller than 2013 and 2015.
Prices are not enticing to sell, I believe most farmers will likely lock bins.
The farmers who run out of bin space will sell some grain so it doesn't have to sit in a bag or a pile in a muddy field.
Pre-sold grain will move.
The Input Capital crowd will fire sale their canola and pay off the loan sharks.
Grain prices will be terrible until February. We will see $11-12 canola April to July 2017.
Wheat will be 6.50 - 7 for #2.
Just my prediction.
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