The great debt crash

[jazz]

Jazz, you may be very right. Central bankers totally out of control, totally lost.

If $100B can be thrown at Ukraine, then a trillion can be thrown at the economy like nothing.

[dave4441]

[ATTACH]11471[/ATTACH]

Oh boy. Larry is telling farmers what they want to hear. Imagine that.

[LWeber]

Oh boy. Larry is telling farmers what they want to hear. Imagine that.

Actually, I didn't have to say anything to make you look like a fool ...

[furrowtickler]

Demand in lentils, green and yellow peas, canary is horrible. Its same as last year. We peaked in Oct/nov and high prices destroyed demand and prices came down. There is no reason for these prices to hold.

We must recognize many of these prices are at all time highs if you take out a few months from last year.

Green pea prices up substantially since harvest
And can / will move every bushel here in a few days .
If pulse prices can’t hold in this range , consider the pulse industry dead .

[consuelo]

the charts are revealing.
Canada has quickly become the most expensive place in the world to buy pulses and special crops from.

[jazz]

the charts are revealing.
Canada has quickly become the most expensive place in the world to buy pulses and special crops from.

Canadas ag COP profile is slowly bleeding us dry. Most of our products go to very poor countries.

[consuelo]

agree and inflation is still running hot everywhere our customers live and work.

[poorboy]

the charts are revealing.
Canada has quickly become the most expensive place in the world to buy pulses and special crops from.

How can you possibly come to that conclusion without seeing the prices from other suppliers in the world?

We must remember that when prices are high everyone only buys as it is needed. Of course there are not many sales out in the future months, buyers are buying hand to mouth in the hopes that prices will drop in the future.

Volumes of sales might be the same as normal, just bought differently. I don’t like the price of fertilizer, and am not rushing out to buy my supply for years out, but I will use the same tonnes of fertilizer as normal.

[dave4441]

How can you possibly come to that conclusion without seeing the prices from other suppliers in the world?

We must remember that when prices are high everyone only buys as it is needed. Of course there are not many sales out in the future months, buyers are buying hand to mouth in the hopes that prices will drop in the future.

Volumes of sales might be the same as normal, just bought differently. I don’t like the price of fertilizer, and am not rushing out to buy my supply for years out, but I will use the same tonnes of fertilizer as normal.

That's 100% correct. Also why $23 durum didn't last and now $14 isn't high enough with twice the crop produced. Buyers find solutions to high prices. But when we get on the extreme end of the market, as we are in many markets today, farmers are still very slow to react.

There are lots of cases where demand is shifting to other countries. Australia being a key supplier with a weaker dollar then Canada and a big crop coming.

Corn trains coming into Alberta slamming the barley market. It's all around us.

This is what marketing is about. Not just hoping for higher values. How much has canola come down in the last few weeks? Sure we can look at a long term chart, draw a long term uptrend. Could have really done that at $23 durum. Today it's $9 per bushel less. $9/bushel.

We will see lower prices from this point forward on small green lentils, canary and yellow peas. What happens this summer and next fall is anybodies guess but if one needs to sell in Jan then price will be lower on these crops. I sense alot of growers are waiting for the new year to sell and typically post crop production show.

[consuelo]

sales are slowing down in part due to seasonal demand but mostly because the wholesale distributors in importing countries are seeing their own demand destruction. if that light at the end of tunnel is dimming then the importers limit or stop altogether and move on to other products where their risk and capital is better utilized including and increasingly their own local production.