Market news ....

[furrowtickler]

More China news: One September 10 they announced an agreement in principle to begin importing soy meal from Argentina. Have never imported Argentina soy meal before. Estimates of up to 2.3 million tonnes of meal to be imported in 2020. Details to be worked out.
And on September 9th China certified 25 Brazilian packing plants for exports to China of meat products.
Another result of Trumps trade policy. Any guess what this will do to canola meal and cattle prices? https://www.bloomberg.com/news/articles/2019-09-10/china-to-accept-argentine-soy-meal-argentine-government-says https://www.bloomberg.com/news/articles/2019-09-10/china-to-accept-argentine-soy-meal-argentine-government-says
http://www.feedandgrain.com/blog/china-to-start-importing-soybean-meal-from-argentina http://www.feedandgrain.com/blog/china-to-start-importing-soybean-meal-from-argentina

Yup and Canada has its chance to mend fences but the Liberals showed absolutely zero competence to even make an effort

[malleefarmer]

Re aussie drought some context

Will ask name of town and edit later escapes me just now.

A blue ribbon cropping/grazing area in NSW thinking $6000/7000 plus per acre country.

28 inch rainfall annual thus far as of tuesday evening he had a whopping 3 and 1/10th of a inch for the year prevoius year 45% and previous to that 70%

Plenty of plkaces like that but thats most extreme example and weve gone from winter to early summer weather in about a week crops frying up.

My patch we are 13.5/14 inch rainfall currently sitting on 8 inches and 9/10ths so were spot on avearge a relative garden of eden.

But frost season is upon us

[bucket]

China has a history of buying 1.0 to 2.5 MMT tonnes of wheat within a single contract.

They can get in and can buy here and get out under the radar and we find out six months later. 100 to 300K a month goes by and no one pays attention and pretty soon its - WTF.

If they bought anywhere else the rest of the planet would know. Every one of the talking heads that was all over China's shitting on canola with a classic: but look, they are buying wheat - missed the real reason why they came to Canada and with it, a chance to lobby for an export reporting program. Apparently it still is not important or the people farmers have speaking on their behalf only know rah rah and can't think far enough ahead or back to ask how this happened. Ostriches with their heads in the sand, sadly, have a place in the Ag Hall of Fame.

Farmers should pay attention to this....and every sale should be reported by the graincos....volume and shipping time periods...price as well but the first two can hint where prices are heading...

[the big wheel]

Farmers should pay attention to this....and every sale should be reported by the graincos....volume and shipping time periods...price as well but the first two can hint where prices are heading...

I ve been saying this for a long time. The price is not the price grain cos are getting.
Just like reporting where and how much canola oil is going for. Where is canola going and is it ending up in China round about? Price?

[bucket]

I ve been saying this for a long time. The price is not the price grain cos are getting.
Just like reporting where and how much canola oil is going for. Where is canola going and is it ending up in China round about? Price?

There is just another middleman taking a cut...UAE are doing the transaction I think....

[furrowtickler]

Hopefully the market got woke up from all the absolute b/S over inflated acres and Cary over . Let’s hope this is a positive trend for a bit

[sumdumguy]

Friday, the 13 th Full moon?

[macdon02]

Fuel for the fire

[malleefarmer]

who knows macdon2 but experts etc farmers etc agronomists etc suggesting another 3 million tonne to come of australias yields who knows but if it happens market will at least take not rather than move maybe.
another 2 weeks maybe 3 before announced i would suggest

[TASFarms]

Fuel for the fire

Basis is really bad on durum. $80-90 from prairies to port is too much. If wheat was $900/mt might be ok but not where it is at now.