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pricing 2024 crop

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    #21
    Interesting that palm oil production down and price up as it should be
    canola production is down fairly significant from last year but price is also down around 30%
    I would think farmer selling is also down significantly at this time .
    Are canola exports still near zero as we have been told for 2 months?

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      #22
      Originally posted by Old Cowzilla View Post
      Employee's at crushing plants shouldn't have any trouble getting summer holidays. Ending stocks under 2 mil predicted for canola. Can drive across any field now with a car and heaven forbid April showers a no show.
      On the contrary, crush margins still excellent. Poor export price competition for raw seed. Carryover I'm told will be average or above.
      Crush flat out.

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        #23
        Did we over advertise the drought last summer? so buyers looked elsewhere, assuming we would have poor supply, for the 2nd year in 3. Meanwhile farmers weren't willing to presell, so exporters couldn't confidently book export sales. In the end, the crop wasn't as bad as advertised, and farmers need money. Domestic crushers appear to be quite profitable at these levels, but have no competition from exporters, so no need to bid up the price.
        Last edited by AlbertaFarmer5; Jan 18, 2024, 12:51. Reason: Edit, I see blackpowder posted almost the same thing while I was composing.

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          #24
          Noticed how quotes on future months all higher now compared to Dec when every month forecast more depressing than last. Record short contracts something has to be done with them? yes: no ?

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            #25
            EU ****seed production forecast to decline by 0.8 Mn T in 2024, following sharply lower winter ****seed sowings and detrimental weather conditions. Biggest declines expected in Ger and Romania. First OIL WORLD estimates in the Flash report of Jan 18

            My neighbor recently returned from Germany. He said big areas have been so wet that winter seeded crops ( wheat and ****seed) acres are way down. I assume those acres still get seeded to something next spring, not sure how that affects total production, at the very least it postpones the harvest dates.

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              #26
              Originally posted by Old Cowzilla View Post
              Noticed how quotes on future months all higher now compared to Dec when every month forecast more depressing than last. Record short contracts something has to be done with them? yes: no ?
              Appears to be a normal carry, no more than the TV of $.

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                #27
                2024 could be a challenging year with these prices.

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                  #28
                  Originally posted by SASKFARMER View Post
                  2024 could be a challenging year with these prices.
                  It’s challenging now, wait a yr. Going to get ugly.

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                    #29
                    I don't follow pricing much. Are Canada's prices the same as in the USA? Does the $ value difference have much effect? Just wondering how that works out.

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                      #30
                      Oh yea at this rate we will be back to $6 dollar wheat and 10 or under canola.

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