Pit Price

[Old Cowzilla]

Got to take a pit price on a load of canola yesterday, $14.55. Makes that Dec contract I hauled at the beginning of week look pretty cheap $12.00. Also sold some Sept for $12.00. I figure wall to wall yellow coming and if it rains maybe $10.00 off combine and if it doesn't rain just combine all day into truck and take it home when you get tired! Then next morning haul to elevator and dump save getting bin all dirty. On way home pick up beer and sign up for marketing course.

[bucket]

As long as everyone jumps on the yellow train and not the blue train its all good....no money in flax....

And where is hobby with his most excellent advice????????

[jamesb]

Got to take a pit price on a load of canola yesterday, $14.55. Makes that Dec contract I hauled at the beginning of week look pretty cheap $12.00. Also sold some Sept for $12.00. I figure wall to wall yellow coming and if it rains maybe $10.00 off combine and if it doesn't rain just combine all day into truck and take it home when you get tired! Then next morning haul to elevator and dump save getting bin all dirty. On way home pick up beer and sign up for marketing course.

It will be interesting for new crop pricing. For me the take away from the market outlook from the online meetings in Saskatoon was pretty bullish oil seeds the way I read it. Yes a big Canola crop in 2021 can have an effect on oil seed prices but soy production in SA and the US will have a way bigger effect. It seems the world is out of oil seed? I still wonder with China supposed to hold so much of the world wheat stocks on paper, is this false? If it is then wheat is seriously undervalued.

[Guest]

and no one is asking the experts where all the canola went ?
wheat will be the same

[bucket]

and no one is asking the experts where all the canola went ?
wheat will be the same

Wheat went to china......that movement should be known from last August sometime....uuhhh ...in Late March...

[Partners]

CANOLA seed all sold out.
Didn't you get the memo?

[LEP]

As long as everyone jumps on the yellow train and not the blue train its all good....no money in flax....

And where is hobby with his most excellent advice????????

I know one guy that usually grows a bit of flax now and then is putting in a thousand acres. every second guy is asking for seed.

Look out below.

[bucket]

I know one guy that usually grows a bit of flax now and then is putting in a thousand acres. every second guy is asking for seed.

Look out below.

Which is why there is no money to made in flax....I have flax that was grown off certified going into the ground in 2020....now I don't know if it is worth cleaning. ..

[Herc]

Which is why there is no money to made in flax....I have flax that was grown off certified going into the ground in 2020....now I don't know if it is worth cleaning. ..

Even the ole man is tossing out the B and F words....Been decades for both....

[fjlip]

" I hauled at the beginning of week look pretty cheap $12.00."

You and everyone else. A risk to price and a risk not to price...throw a dart. Just use common sense, good luck because we don't know the future and we are not informed by the trade....flying blind. Who do you believe? Backyarditus cost a pile of potential this crop.