Anybody recall a year with such market bearishness at this time? Almost every year at least a small acre buying rally at seeding time has been the norm even in the 1980's. If this keeps up there will be carry over after an average crop following a drought reduced crop. Granted wheat was above average last fall but none of the other crops were much better than average.
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Viterra "experts" we estimating approx double the carry over in wht and canola.
Crop larger than farmers stated.
Farmers reluctant to sell at prices since January.
That's their take. -
Every message from Viterra is doom and gloom. Sell now because there is nowhere for price to go but down.Comment
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Same reason I don't ask my barber if I need a haircutOriginally posted by redleaf View PostComment
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Asked the head buyer at a crusher why every day he said the price might go down.Originally posted by redleaf View Post
He replied "If we told you the price was going up no one would sell."
Company guys are trained to be bearish.
But there are some great guys out there.
Your job to find a good one or a good advisor so you don't need them for advise.Comment
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They all want to buy your grain now but when they will take it and pay for it is a another story. April is going pretty fast and we are 10 degrees below normal temps.Comment
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Richardsons are pretty much the same from what my neighbors are telling me .Originally posted by redleaf View PostComment
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The weather forecast is responsible for much of the drop in prices:
Most recent summer forecast by NOAA:
US pasture conditions:
El Niño is becoming stronger every day forecasters are commenting…. The concern it would be later summer for the increased rainfall is diminished…
BlessingsComment
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After May 18th the markets will likely catch an updraft.Comment
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