back to grain markets

[malleefarmer]

Is current rally going to be sustained?
Had a bearish usda report after initial fall market rallys go figure not much changed fundamentally other than dragging on canadian harvest and grumpy relations between yanks and ruskies.
More rain in aust plenty of stained bleached heads but still in grain fill how who knows if quality is down graded but if i was betting man.......

[SASKFARMER3]

Canada will produce a 15 mt canola crop the rest will spend winter in the field and be burnt next spring.
Wheat will be lower with same fate.

oats is done.

Flax is shit.

USA did not grow as big a crop as they are bull shitting about.

Grade is a huge issue.

[ajl]

Yes the Canadian canola crop is shrinking as some will be burned in the spring around here including at least some of mine due to likely the earliest start of winter in 10000 yrs,

[SASKFARMER3]

Never have we been shut down On the first of October. But yes Im starting to think it is going to happen. Not my grand father father or myself have ever been shut down for the whole month of October in our life.

[Braveheart]

Rally not likely to be sustained. Bad news on Canadian canola delays and short ARG soy and palm oil shortage is in the market now. From here out every canola acre done will increase supply. We'll likely fall into a new higher trading range with range bound trading until South America weather takes over the news.

Best positive near term is the very strong demand for veg oil.

[Guest]

Never have we been shut down On the first of October. But yes Im starting to think it is going to happen. Not my grand father father or myself have ever been shut down for the whole month of October in our life.

no one here turned a wheel in October in 2009

[SASKFARMER3]

We were able to do a bit that year but had way less to go than this year. Two awesome weeks of great sunny days and dry in November in 2009 finished us up and custom combined another 1000 plus acres.

[blackpowder]

Drew said this is not 09.

[biglentil]

What has Drew got right this year?

[sumdumguy]

It's not late yet. Indian summer usually clicks in the end of October. we've had some nasty halloweens with a lot of good weather after. Wish we had bought that dryer that sold at auction in June for $700. Our old neighbour used to say that a grain dryer is like having an extra combine.