Price drop

[Partners]

Wht down 60 cents
Canola down 1 dollar
Since Monday.
They sure like to play with farmers minds..

[bucket]

Elevators plugged with canola, I don't get it.

[SASKFARMER]

All the cheap contracts are filled so they need some more. Farmers are suckers every time

[jazz]

Elevators plugged with canola, I don't get it.

Nothing to do with fundamentals. Just dumb ass printed money flowing around from one asset class to another. In commodities one day, telsa the next, bitcoin the day after.

[ajl]

At these prices, there will not be much export business for canola because exports only go to a handful of countries. china is starting to go down with its largest sector to soon be in free fall. This will push up interest rates because they will have to cash in foreign bonds to prop up their failing economy. This is long term bearish for canola. Domestic business is where it is at for the short term anyways.

[Old Cowzilla]

Lots of shiny steel payments due in the next 30 days for a lot of folks. Even grain cos know that !

[WiltonRanch]

Sitting here thinking about how there’s no subsoil moisture and I haven’t bought a prill of fertilizer for next year with all my pitiful crop in the bin screw it. I’ve said before seed the hills and poor land to grazing/feed crop, maybe spend more on better land with a field or two of canola and let er buck. Maybe fallow a field or six to boot. We are in a drought and these things stick around for multiple years here. I dumped some cows this fall and am thinking about finding an off farm job. Last drought stretched at least 5 years. We aren’t a breadbasket now we are a basket case.

[Taiga]

Will probably seed everything prepped to alfalfa and hope for rain next June. I won’t make money with stupid input costs on grain, especially with no moisture. Will reassess situation next May.

[WiltonRanch]

Will probably seed everything prepped to alfalfa and hope for rain next June. I won’t make money with stupid input costs on grain, especially with no moisture. Will reassess situation next May.

If it wasn’t so dry I’d seed more alfalfa as inputs are stupid and my fallback is cows and hay on the calcareous and solonetz soils. These these environmental loons blab about sustainable practices, well we have done these things to survive since we settled to survive.