There is a fairly significant percentage of crops still out there that won't get combined. Is it really not that big of a deal? Was in southern Manitoba yesterday and there's field after field of soybeans left. Also seen still lots of canola and even wheat out there. Is this really not enough to trigger a good rally ?
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Not when bins are full of carry over, and demand is stagnant.Originally posted by Oilking View Post -
There is enough harvested to meet demand.
Same old story.Comment
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Im reminded of where prices were prior to harvest...
Canola sub 10, with some saying it was heading below 9. It actually did go below 9 in a few locations here locally.
Durum was sub 7.
Wheat was sub 6 with ZERO effective return for high quality. In many cases, it was trailing the feed market!
Perhaps the only thing keeping prices completely out of the gutter this year is the fact that there is still crop in the field?Comment
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Farmer selling = price ceiling... wait them out or feed the bastards, probably June sometime IF, IF quality/ quantity is proven short supply, taking the whole world's numbers of course!Last edited by fjlip; Nov 3, 2019, 20:18.Comment
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We re getting screwed more then we ever did?
Has canola oil gone down? Beer? Bread? No everyone else reaping in profits we re getting hosed by everyone including the government and opposition we so proudly put in place.
But but but we have to save the oil industry we have to save the oil industry and that will fix all the ag problems?????Comment
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Yup and it's because you hear your representatives say it's a open market or their organization doesn't set the price....
There is no open market currently in any commodity....it's how much can they steal....
The US market is subsidized and there is no market exchange for peas lentils flax durum mustard etc.....but there is a market for taking checkoffs. ...where a few set the checkoff tax....Comment
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Bugger all for carryover around here. Most people cleaned everything out in the summer because everything was projected to be going downhill.Originally posted by bigzee View PostComment
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Demand is an all year event. They don't need all the grain right now. If the crop does not come off and supplies get tight the market will rally later on in the crop year (ie next spring and summer).
If you look at a smaller market like feed barley, it takes a price dive at harvest from all the extra supply and often rallies into the following summer as sellers and supply disappear.Comment
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Reality is its less then 10% and the yields are up. So no, not a big deal at all.Originally posted by Oilking View PostComment
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