Cdn Grain Demand Picking Up

[furrowtickler]

Because its a tax grab , plain and simple

Exactly..... was / is a desperate for wealth distribution.

[errolanderson]

The key to all markets . . . equity and commodity is 'sign of stability' in the global oil market. Oil is now basically the global currency of the world. Trump's tweet of a 10 to 15 million barrel Saudi / Russia daily production cut yesterday appears quite exaggerated. It popped crude prices 35% higher briefly. Oil industry analysts suggest a 3.5 million cut may be possible and closer to the truth . . . but this is a start.

Should oil stabilize, this will go a long ways to allow all other commodities to stabilize. And grain has been the firmest of them all recently.

Wheat to us, remains oversold. But it is all about the Black Sea region. The U.S. doesn't have much say in this market. Russia will placed some form of export curbs in-place. India's harvest is off to a rocky start due to COVID. India produces nearly 15% of the total global wheat production. Argentina's soy harvest has been downgraded.

Bottomline . . . how can a global pandemic not cut grain production? There will be many input / harvest inefficiencies and labor shortages . . . now stir in potential weather issues.

Stock markets are a different bird (IMO). Investors have been babysat with grossly inflated valuations for so many years that there is a lot more pain possible ahead. Reality sucks in this side of the market ledger and it will likely change the next generations appetite for debt (IMO).

More equity trouble ahead, but stability and cash market gains possible in the grain world ahead.

[the big wheel]

Which countries may ag production be affected by covid if any is the question? May be some good opportunities.

[errolanderson]

Which countries may ag production be affected by covid if any is the question? May be some good opportunities.

They all will . . . .

[furrowtickler]

Which countries may ag production be affected by covid if any is the question? May be some good opportunities.

India .... hence the run up recently in red lentils
The farm work force is concentrated in groups ... or was .
Agree with Errol , they all will .

[bucket]

Which countries may ag production be affected by covid if any is the question? May be some good opportunities.

Other countries will ramp up their agriculture help to farmers....

Canada hasn't yet and probably won't since the conservatives have forgotten about farmers as well....liberals don't care...and the NDP/Green think we are the scourge of the earth...and the bloq have the dairies well taken care of and will have for the foreseeable future as part of their support of the liberals...

[errolanderson]

Note: OPEC is meeting on-line Sunday . . . This gathering could have a big impact on Monday markets.

[the big wheel]

India .... hence the run up recently in red lentils
The farm work force is concentrated in groups ... or was .
Agree with Errol , they all will .

Agree with that, And that’s why if our provincial or federal governments weren’t solely focused on the oil argument they would ensure every acre was seeded every farm as good as it could be since we will or at least can be as always rhe industry that will truly rebuild our economy.

[sumdumguy]

Red lentils ⬆️

[Oliver88]

Red lentils ⬆️

Are there 30 cent/pound bids yet?

I’m guessing seeded acreage will be up 10% + ?