Attended a marketing mtg yesterday. All bad except lentils. Talk was $12 canola and $8 wheat. Lots of everything in the the world pipeline and slow demand. The message was the world has figured out they can buy the commodities we produce closer to home for less.If it wasn’t for the US market we would be in a heap of trouble. Brazil still a wild card but rain is forecast this weekend.
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Originally posted by bucket View PostDid China pickup up 2mmt of durum and no one knows about it until after the fact in Canada? Rumor or fact?
If so maybe the board of the checkoff funds shouldn't be taking trips , they should be implementing export sales reporting.
I got mine back this past wk.
Maybe I will take “my” money and enjoy something.
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marketing meetings including a "free" lunch always have an agenda that may or may not be immediately obvious...here the message seems to be "quick sell us your grain before the price gets even worse". fear is just one emotion used in sales, another is greed.
i'm not saying that the message is wrong but selling the world is ending is easier than selling everything will be ok.
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Originally posted by bucket View PostDid China pickup up 2mmt of durum and no one knows about it until after the fact in Canada? Rumor or fact?
If so maybe the board of the checkoff funds shouldn't be taking trips , they should be implementing export sales reporting.
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