Stats Can

[jazz]

Seeded acre report

https://www150.statcan.gc.ca/n1/daily-quotidien/220705/dq220705b-eng.htm

[Guest]

https://www150.statcan.gc.ca/n1/daily-quotidien/220705/dq220705b-eng.htm

[jazz]

Looks like a lot more cereals went in the ground. A cease fire in Ukraine and poof they go.

[Partners]

Bly and canola down.
Where is all the wht?
Sure not around here..

[furrowtickler]

Looks like a lot more cereals went in the ground. A cease fire in Ukraine and poof they go.

They already are going poof

[helmsdale]

Looks like a lot more cereals went in the ground. A cease fire in Ukraine and poof they go.

No ceasefire required. All that's needed is for the starving portions of the world to make peace with the idea of settling wheat purchases (regardless of whether the origin is Russian or Occupied Ukraine) in rubles. The west will kick and scream, groan and complain etc... but 3rd world nations, are going to be making the decision rather easily between whether to let their populace starve, or feeding them with Russian grain.

[jazz]

2022 will just become another one of those 1970s old timer stories.

I remember (not me) when wheat was $8 bucks in 1975. And then it never got anywhere close to that value for 30 yrs.

A million acres come off the canola report and the price falls.

[shtferbrains]

Wondering if our Chinese friends are filling their requirements at these prices?

[furrowtickler]

No ceasefire required. All that's needed is for the starving portions of the world to make peace with the idea of settling wheat purchases (regardless of whether the origin is Russian or Occupied Ukraine) in rubles. The west will kick and scream, groan and complain etc... but 3rd world nations, are going to be making the decision rather easily between whether to let their populace starve, or feeding them with Russian grain.

Unfortunately your right

[Wheatking]

I honestly don't see much I can disagree with on this report. From my backyard canola acres are stagnant at 55% lol. Barley is way down and wheat and oat acres are way up. Specialty crop processors ****ed up royally if they wanted acres by not increasing their bids sooner. I'd be nervous if I was a flax, pea or malt processor as this late crop means the odds quality going down every day we don't get above 20c.