Canola Acreage will just get to 20 mil in 2020. Farmers are dropping crop.

[jazz]

After a late start to the season and trouble with the fall, I am quite concerned with the storage risk with Canola. Article in the WP says there is a premium if you can sell it in the spring but that means holding a touchy crop over the winter. The higher oil contents they are breeding makes that harder and more expensive for farmers to manage.

Also getting a crop down to 10% moisture vs 14% (wheat) is night and day during iffy harvest weather. If that continues around here, we would have to invest in a massive drying effort along with the carbon taxes that come with it.

[Partners]

Isnt it closer to $7?

Much less risk, 70bu at $5 is just about the same money as 50bu at $9.50 plus seed. More stable market perhaps. Canada is pretty much owns the canola export market so any hiccups come back to us disproportionally as we have seen. Canada is much more middle of the pack in the wheat trade.

Number 2.12.5 pro.
$5.50 this morn.

[Oliver88]

Viterra is currently taking 80 cents off for a #2, 12.5 pro. They are making a good margin and have enough willing sellers to fill trains.

[SASKFARMER]

Wheat with good yields and grade makes a farmer money. Seed is the reason but some want that to end. Real bright.

[woodland]

Number 2.12.5 pro.
$5.50 this morn.

Feed wheat at a local feedlot is $5.76 for 58 lbs and dry. Deliver and paid ASAP with no grading BS

[Freightshaker]

25% off 75-65 dekalb canola now. Me thinks dekalb is well below their forecast. Talk with your retailer if you have that booked, make sure you get the discount.

[ajl]

Feed wheat at a local feedlot is $5.76 for 58 lbs and dry. Deliver and paid ASAP with no grading BS

Dry feed wheat has been at a premium to damp gradeable wheat for some time especially 12.5% pro and below in the Edmonton region. Shipped mine to the elevator last week as I did not know exactly how wet it was. Got $6 less drying charges for it. CPS acres will likely rise this coming year.

[woodland]

Dry feed wheat has been at a premium to damp gradeable wheat for some time especially 12.5% pro and below in the Edmonton region. Shipped mine to the elevator last week as I did not know exactly how wet it was. Got $6 less drying charges for it. CPS acres will likely rise this coming year.

I agree that dry grain out this way has and requires a premium. Still sitting on our dry barley since guys are emptying lots of damp bags yet. Hopefully come spring it’ll climb to where I’d prefer to see it before pulling the pin on it. Who knows😉

[TASFarms]

After looking at farm link there was in 78 496 total seeded last year and they have 79 125 for 2020 multiply by a thousand

[SASKFARMER]

Yea I heard him at noon today he is usually not correct.