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Rally Hats

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  • crusher
    Senior Member
    • Jun 2001
    • 1188

    Rally Hats

    Markets are finally responding to dryness in the western corn belt. Nice to see it dragging wheat along too. I'm taking the opportunity to lock in futures on some basis set long ago on old crop. Strength in the loonie is making it harder to find decent new crop basis. Patience, I guess. We received 2 inches of desperately needed rain, with more to come over the next few days. Don't shoot the messenger. Hopefully everyone gets some decent weather in their neighbourhood. Enjoy the weekend. Blessings to all.
  • Herc
    Senior Member
    • Jul 2017
    • 772

    #2
    Originally posted by crusher View Post
    Hopefully everyone gets some decent weather in their neighbourhood.
    You can’t have ur cake and eat it too by hoping for rain for everyone and have prices rally…..

    Comment

    • shtferbrains
      Senior Member
      • Jun 2017
      • 5248

      #3
      Oats futures have been on a rip.
      Gained almost $1 USD from lows.

      Comment

      • Sodbuster
        Senior Member
        • Mar 2017
        • 1130

        #4
        Originally posted by shtferbrains View Post
        Oats futures have been on a rip.
        Gained almost $1 USD from lows.
        Have local grain buyers raised their bids to keep up with the futures?

        Comment

        • furrowtickler
          Senior Member
          • Dec 2004
          • 21976

          #5
          Originally posted by shtferbrains View Post
          Oats futures have been on a rip.
          Gained almost $1 USD from lows.
          Oats were driven pathetically low , seeded acres fell off a cliff .
          What’s the ole saying, Oats Knows ?

          Comment

          • bucket
            Senior Member
            • Jan 2008
            • 17030

            #6
            Isn't there a major drought in the states somewhere? Reports where guys won't use a combine? I see these things and put it in the hamster wheel between my ears.

            Comment

            • shtferbrains
              Senior Member
              • Jun 2017
              • 5248

              #7
              Panic buying in futures.

              Canola up $45

              Comment

              • Sodbuster
                Senior Member
                • Mar 2017
                • 1130

                #8
                Hope this rally will will continue Tuesday after the long weekend in the states and is not just short covering for Independence Day.

                Comment

                • Old Cowzilla
                  Senior Member
                  • Nov 2020
                  • 1584

                  #9
                  Originally posted by furrowtickler View Post
                  Oats were driven pathetically low , seeded acres fell off a cliff .
                  What’s the ole saying, Oats Knows ?
                  Isn't there huge quonsets full of oats out west from a oat DEAL gone bad ? Least that's what local buyers throw at us every time we try to peddle some oats

                  Comment

                  • furrowtickler
                    Senior Member
                    • Dec 2004
                    • 21976

                    #10
                    Originally posted by Old Cowzilla View Post
                    Isn't there huge quonsets full of oats out west from a oat DEAL gone bad ? Least that's what local buyers throw at us every time we try to peddle some oats
                    That’s like the huge canola carry over a few years ago they lied about , until reality proved otherwise

                    Comment

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