Markets- soybeans, canola,corn, wheat

[Oilking]

Figured I'd start a marketing thread. Where are the futures and cash prices headed in the next month two? Macdon, Farming 101, Errol, feel free to post I like reading your analysis on the markets

[fjlip]

I would guess canola sideways at the least bad due to farmers delivering tough/high green seed, jamming up the system. Wheat, well trade hoping other harvests are big to offset poor ones. See if US gets the corn off.

[Oliver88]

Can wheat for any lower?
I’m thinking get it dried and padlock bins for a while.

I seem to agree with Fjlip regarding canola deliveries.

[Herc]

Short term pain, long term anyones guess.

Take a number, get in line, KY supplied at point of entry.....

[seldomseen]

Canola hasn't moved with all the crap that has happened this fall so i am not sure what it would take to move it. I see Bunge at Nipawin has a negative basis of over 50 for fall dev so you know they aren't having any trouble getting canola on the driveway.

[malleefarmer]

Eu and Black Sea have large supplies will account for any shortfalls in Argie Canada Australia.

As always corn is king will affect direction of all markets

[macdon02]

Figured I'd start a marketing thread. Where are the futures and cash prices headed in the next month two? Macdon, Farming 101, Errol, feel free to post I like reading your analysis on the markets

The seasonals are running inverted at present, what should of been a harvest low, produced a high here in Oct. Until these straighten out its further to the downside. Im showing a February low. Sold out on '19 production a little early here left $10 on the table. Sold 40 bushels of '20 expected production and looking to reown in Feb around $400 at the moment. See where we end up in Feb. It's getting almost predictable, meaning we should shift on the seasonals within the next 6~months. Im wrong if we close over 479

[macdon02]

Reowning in Feb is less of a getting greedy strategy as it is covering any shortage in production due to incoming drought or frost. Might not do all the bushels but looking at half ~. $10.60 was too good to pass up on clearfield in this environment. If i grow 40+ then it's just a double win. I was seriously considering no canola for '20 but it would skew my rotation.

[macdon02]

Can wheat for any lower?
I’m thinking get it dried and padlock bins for a while.

I seem to agree with Fjlip regarding canola deliveries.

On Minneapolis, I'm watching Chicago for guidance. Nothing much happening till the new year, then i would want July futures somehow if you don't want to use a brokerage account. Really need Chicago to close over 535 roughly, we were close last December. There's a story but it'll take time. CAD should top out at 78 then reverse. Look to move on Feb/ March delivery but roll into July. I grew zero wheat this year so I'm just at the top of the bleachers. We need uzzdah to have the come to jesus moment and say we have a problem. They won't do it overnight. Baby steps.

[malleefarmer]

On Minneapolis, I'm watching Chicago for guidance. Nothing much happening till the new year, then i would want July futures somehow if you don't want to use a brokerage account. Really need Chicago to close over 535 roughly, we were close last December. There's a story but it'll take time. CAD should top out at 78 then reverse. Look to move on Feb/ March delivery but roll into July. I grew zero wheat this year so I'm just at the top of the bleachers. We need uzzdah to have the come to jesus moment and say we have a problem. They won't do it overnight. Baby steps.

Really thought 550 would be touched a few weeks back dreaming as usual