Canola Crop estimated at 19.0 MMT

[fjlip]

Doing similar calculations, if in Crop ins. Wheat at $10 now.

[blackpowder]

As always, I'll be planting max allowed acres of canola again next year.

[jazz]

Not bad actually, no? Trying to be optimistic here…

Sheep we used to get disasters in yrs past the the crop prices never moved. Dad took off 5bu durum in 1988 and it was still $2.50 or something.

There is some solace that whatever you can get off will be worth something. I dont know if thats enough to put guys heads in a great spot. We are talking about thousands of farmers who have missed 2 yrs of rallys now and are facing bigger bills at the end of it. Sold too early, now nothing to sell and a big forward contract to service.

[Sheepwheat]

Sheep we used to get disasters in yrs past the the crop prices never moved. Dad took off 5bu durum in 1988 and it was still $2.50 or something.

There is some solace that whatever you can get off will be worth something. I dont know if thats enough to put guys heads in a great spot. We are talking about thousands of farmers who have missed 2 yrs of rallys now and are facing bigger bills at the end of it. Sold too early, now nothing to sell and a big forward contract to service.

Totally. In my disaster too wet years, grain prices were MUCH lower than they are now. So I know what it’s like. All too well. I’m just trying to show that in a lot of cases, there is some hope. When it was wet, scic prices were poor, commodity prices were poor too, and it nearly finished my farming career. Had I had no insurance, I would have been toast.

[errolanderson]

Canada canola production will be well below these crazy highball production totals. Analysts don't buy into these bogus estimates anyway . . . .

But remember this is a world market, not just a western Canada market. Trade winds shift, substitution occurs and Asia financial markets are now breaking down . . . .

[Sheepwheat]

Canada canola production will be well below these crazy highball production totals. Analysts don't buy into these bogus estimates anyway . . . .

But remember this is a world market, not just a western Canada market. Trade winds shift, substitution occurs and Asia financial markets are now breaking down . . . .

So if there is no exportable supply, how bad will this damage our reputation long term? Will it cause a surge in price or a flop? What a bizarre situation.

[Herc]

What say you, 50 bpa?

[Sheepwheat]

What say you, 50 bpa?

Give or take a couple bushels Neil. Give or take.

[jazz]

So if there is no exportable supply, how bad will this damage our reputation long term? Will it cause a surge in price or a flop? What a bizarre situation.

Dont worry Trade Team Freeland will get out in front of this and assure our customers. Remember she is a canola expert because she ran the swather one summer.

Honestly, I imagine those crusher announcements we just had will get slow walked now until supply rebounds.

[bucket]

Dont worry Trade Team Freeland will get out in front of this and assure our customers. Remember she is a canola expert because she ran the swather one summer.

Honestly, I imagine those crusher announcements we just had will get slow walked now until supply rebounds.

What happened to 25mmt by 2025???????