Where is this surplus ???

[furrowtickler]

No fear canola will make it.
Accu weather first frost end of Sept...
But Sept will be a cold bitch...

First 2 frosts already did a lot of damage in areas .

[Partners]

First 2 frosts already did a lot of damage in areas .

Ok..if they forecast minus 3..it will be minus 10...

[furrowtickler]

Ok..if they forecast minus 3..it will be minus 10...

Lol yup I hear ya 👍

[farming101]

........I don’t see canola oil going down or is it?

Crude canola oil 8% under trend in June (trending down), refined 1% under trend in June(trending up)

[iceman]

There is no way they would have extended the advances unless there’s was some big shit happenning with big cases of advances. When companies went broke and fcc and banks wanted their money I bet advances were last in the list. That’s just one scenario. It makes zero sense to hold canola into this market although I don’t think there is such a problem getting rid of the canola as they say either.

I agree this isn’t passing the smell test

Iceman

[WiltonRanch]

I agree this isn’t passing the smell test

Iceman

Quite true. Election coming up and although skippy knows hardly any farmers would vote for his party he wants good optics going into the election.

[LEP]

Sorry Sheepwheat, I don't believe that in this day and age, any farm of commercial size has enough free cash to even seed two crops.

I would bet, the number who could seed 4 crops wouldn't represent very many acres.

[Sheepwheat]

Sorry Sheepwheat, I don't believe that in this day and age, any farm of commercial size has enough free cash to even seed two crops.

I would bet, the number who could seed 4 crops wouldn't represent very many acres.

So is a sub thousand acre farm with no debt and piles of cash not commercial enough? At what size does a farm count as commercial, whatever that means? There are LOTS of farms that don’t chase high priced land and newer than a dozen year old iron, and therefore have cash.

That does not mean they aren’t commercial or somehow less successful does it? Especially if they are flush with cash and inventory.

I agree a hundred percent that acre wise it probably doesn’t encompass a high proportion overall. But throw together a bunch of 1 and 2 and 3 thousand acre paid for farms with cash and inventory, and the point remains imo, that there is grain in the bins and plenty of it. Not many will admit their gross marketing failures over the past year! There is not much pride in admitting you have 9 dollar canola sitting there... lol

[LEP]

So is a sub thousand acre farm with no debt and piles of cash not commercial enough? At what size does a farm count as commercial, whatever that means? There are LOTS of farms that don’t chase high priced land and newer than a dozen year old iron, and therefore have cash.

That does not mean they aren’t commercial or somehow less successful does it? Especially if they are flush with cash and inventory.

I agree a hundred percent that acre wise it probably doesn’t encompass a high proportion overall. But throw together a bunch of 1 and 2 and 3 thousand acre paid for farms with cash and inventory, and the point remains imo, that there is grain in the bins and plenty of it. Not many will admit their gross marketing failures over the past year! There is not much pride in admitting you have 9 dollar canola sitting there... lol

I was an ag banker for a decade. So I say bullshit. For part of that time I was the provincial agrologist for a chartered bank and did literally hundreds of farm calls with the best customers in every corner of the province.

To say a 1,000 acre farm has $600 to $800,000 in cash in not impossible but definitely not common.

[Sheepwheat]

I was an ag banker for a decade. So I say bullshit. For part of that time I was the provincial agrologist for a chartered bank and did literally hundreds of farm calls with the best customers in every corner of the province.

To say a 1,000 acre farm has $600 to $800,000 in cash in not impossible but definitely not common.

I never said that. Sorry if I implied it somehow. Quite a few inherited farms out there who really did well not having payments and so on.