Canola Today?!

[farming101]

Crush margin up 11.41 today. Maybe not everybody....

[WiltonRanch]

What a shit show. China as usual will manipulate with whatever leverage they have to get stuff as cheap as they can. Another tactic here. They smell blood.

[Marusko]

"Bring on the $8 canola and $5 wheat. I'm tired of being priced out of the land market. Time to snip the horns off the land bulls."

Means your net worth will drop too, no win situation. Lenders will be gun shy, nobody happy.

Well I have yet to get a good shot at land anyway so not a lot of networth to drop. Small young farmer, mostly rented acres, forced to have an off-farm job. Which becomes a blessing if there were a pullback. These older/bigger guys buying at 5k-7k/ac have a huge advantage because they have lots of paid off land they bought before the runup. Not that I want anyone to go broke, just would be nice to gain the advantage for a while so I can have a shot at reasonably priced land, same as they had.

[fjlip]

Been doing this active farming thing for 50 years, land was never cheap or easy to pay for, probably never will be. Saw 16% interest rates in the 80's, and when values decreased nobody would sell for that.

[ajl]

Been doing this active farming thing for 50 years, land was never cheap or easy to pay for, probably never will be. Saw 16% interest rates in the 80's, and when values decreased nobody would sell for that.

Land was cheap in the early 90's but not easy to pay for which is why is was cheap. Was a huge land auction in southern AB by ADC (Alberta Development Corp-no longer exists today) in 1992. Know of land that sold for 18000 per quarter then. Practically the rent today. Maybe history repeats.

[Herc]

History will repeat itself. When who knows. But hoping for low commodity prices so you can buy land is crazy to me. Careful what you ask for sometimes.

[macdon02]

History will repeat itself. When who knows. But hoping for low commodity prices so you can buy land is crazy to me. Careful what you ask for sometimes.

Im wanting "normalized rates" 2x current. We are in a cycle inversion, what's that? When a seasonal high morphs into a seasonal low, they flip. Normally we rally now after bills are paid into April but instead we are going in the shitter. First clue was back in July, should of been a high but instead produced a low, what's going on now? We are gonna clean the bins out in a panic situation. Basically all the grain in the bin is gonna be held and dumped at a loss compared to selling off combine. Bin it to win it works until it doesn't. Will this change? You bet.... but you are gonna have issues storing 2 crops in the same bins, for over 18 months. No marketing plan works every year.

Disclaimer. Im just a ****ing idiot on the internet

[shtferbrains]

Story is the boats are sitting in harbors in China but can't / won't get unloaded and their crushers are shutting down out of seed.

Delivery contracts here will be delayed because no one wants to ship any more to sit in harbor paying demurage on boat.

[walterm]

Story is the boats are sitting in harbors in China but can't / won't get unloaded and their crushers are shutting down out of seed.

Delivery contracts here will be delayed because no one wants to ship any more to sit in harbor paying demurage on boat.

Why are we paying dumurage sitting over there? Thought all grain was sold FOB.

[furrowtickler]

The boats may be sitting for a long time ....
https://www.ctvnews.ca/politics/canada-allows-extradition-case-against-huawei-cfo-to-proceed-1.4318709