Canola like Gold!

[Partners]

9.89 this morning.at viterra..
Wht at 4.66 for #2.12.5..
1 yr ago our highest wht price was off the combine??

[Guest]

Here's a good Once Upon A Time story for the little ones....

Way back in May 2013 you could sell canola for 14.35 USD.

Someone needs to send this post to that imbecile writer at reuters
What a fk-n idiot
And also we got $13 sometime in the late 80’s
Could you imagine the whining if assholes like him had to work (if you can call it that) for 80’s wages

[AlbertaFarmer5]

Down over 50 cents in a week here. Between a combination of basis and futures, I locked in a bunch of old crop last week, posted price now is over 50 cents less.

[wmoebis]

9.89 this morning.at viterra..
Wht at 4.66 for #2.12.5..
1 yr ago our highest wht price was off the combine??

Is that 90% of the Vancouver selling price? Or what % of Van price is it?

[fjlip]

1974, $9+ price with inflation was over $15/bu today. Those were the good old days...yoyo prices since then. just a bit TOO much food/grains on earth makes prices ROBBERY from peasants. A good crop anywhere dumbs down all prices, a poor crop is ignored. Oh right trade makes $$$$ when FUTURES go up AND down. Expect same till you are done, good luck, Enjoy

[sumdumguy]

All that glitters is not gold, it could be black. 😂 And it could be back.🙏🏼

[bucket]

1974, $9+ price with inflation was over $15/bu today. Those were the good old days...yoyo prices since then. just a bit TOO much food/grains on earth makes prices ROBBERY from peasants. A good crop anywhere dumbs down all prices, a poor crop is ignored. Oh right trade makes $$$$ when FUTURES go up AND down. Expect same till you are done, good luck, Enjoy

Adjusted for inflation, $9.00 in 1974 is equal to $50.06 in 2020.

[furrowtickler]

This sucks , we were waiting to see how much actual hail damage was on all our canola before locking in any pricing . Of course they just showed up today ...... phuck
I agree whoever wrote that article needs a straight jacket , idiots

[fjlip]

Adjusted for inflation, $9.00 in 1974 is equal to $50.06 in 2020.

Okay...so our purchasing power is 1/5 of that in 1974. What are costs compared to that? New truck was $3-4000, X 5= 20,000? JD 4430 NEW was $14000 X 5=$70,000.

[MBgrower]

Nee to buy a few JD X9's and rent more land, unfortunately that is the economic model for grain farming.