Ag Canada trims Canola production. Read for a good laugh.

[jazz]

Think about the alternative motive. Maybe AgCanada is trying to preserve the market. If they keep the illusion up for a while longer that might deter other countries from trying to grab market share. I know thats a lot to expect from govt.

if we signal that Canada has a once in 50 yr production shortfall, that might get FSU or EU states in growing it big time and that $30 canola price wont materialize anyway. There is 2 sides to this coin.

farmers know the truth, hold your cards and let the traders and govt battle with outdated information.

[WiltonRanch]

Think about the alternative motive. Maybe AgCanada is trying to preserve the market. If they keep the illusion up for a while longer that might deter other countries from trying to grab market share. I know thats a lot to expect from govt.

if we signal that Canada has a once in 50 yr production shortfall, that might get FSU or EU states in growing it big time and that $30 canola price wont materialize anyway. There is 2 sides to this coin.

farmers know the truth, hold your cards and let the traders and govt battle with outdated information.

Yes, and maybe guys can get out of their contracts. When combines roll harvest happy hour mightn’t be that happy for the families. Holding onto this years crop will be better than holding gamestop shares.

[AlbertaFarmer5]

Bloomberg reports the number of rail cars unloading grain at the Port of Vancouver the first week of July fell 77% y-o-y as wildfires hinder rail movement.

Is this consequential to current markets?
Or is this reflecting the lack of crop left to move, and blame is instead assigned to forest fires?

[furrowtickler]

Ag Canada just enshrined it’s self as completely useless or should be charged with market manipulation.

[Grahamp]

I talked to the most wildly optimistic retailer that I know. He makes bold ridiculous claims about all the snake oil they sell and about the farmers who buy their inputs there. None of his clients grow less than a 65 canola. I asked him how he thought the crops were, he said, “20 25 if we’re lucky.” That’s the most pessimistic thing I’ve heard all year.

[sumdumguy]

The bureaucrats are all at home or at the lake. Happy Holidays!

[fjlip]

Ag Canada just enshrined it’s self as completely useless or should be charged with market manipulation.

Criminals

[furrowtickler]

Or better yet , like other hot topics here , spreading misinformation.........

[jazz]

Sorry to play devils advocate, but what is the urgent need for price accurate discovery right now before combines even roll? If Ag Canada stated something like 12MMTs and the price shot to $30 who does that help right now? None of us have anything to sell and guys are stuck in these contracts. Some might even be tempted to forward contract out to 2022. There is lots of time for revisions and to grab price premiums just like last yr.

I would say AgCanada did a lot of guys who got over their skis a big favour, now its up to all of us to take advantage of it. Get out of those contracts, get the fans and cables ready, get your cash advance app and put this sucker into he vault for 9 months.

[helmsdale]

If Ag Canada stated something like 12MMTs and the price shot to $30 who does that help right now? None of us have anything to sell and guys are stuck in these contracts.

Paging AF5? Would $30 be enough for you to whisper the combination to your bin locks into a grain buyers ear?