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Grain companies with crushing plants profits soaring every time canola goes down!

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    Grain companies with crushing plants profits soaring every time canola goes down!

    Are you feeling the love of your local grain company yet? Canola oil in the grocer is up today!

    #2
    Perhaps find a different store! Was
    10% off Tuesday…Then 5% more off dividends 2.50/ L is cheap!!!

    Cheers
    Last edited by TOM4CWB; Feb 7, 2024, 09:11.

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      #3
      Lost track, did all those crushers get built that were announced over the last few years? They were going to drive up prices for farmers.

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        #4
        Canada keeps on pissing their best canola customers off.

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          #5
          The more crushing plants here the less abroad competing for our grain the more control the monopoly has here. There is a risk for foreign plants to get our canola on the train on the ship and moved to wherever, that risk and price is gone and eaten up in profit by the crushers here. Who ultimately are bidding for our canola on the world stage but if there are less crushers elsewhere who are they bidding against????
          So Tom you were paying 17.50 for that jug last year?
          Last edited by the big wheel; Feb 7, 2024, 10:09.

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            #6
            Originally posted by wmoebis View Post
            Lost track, did all those crushers get built that were announced over the last few years? They were going to drive up prices for farmers.
            Think at the meetings they said they wanted us to produce more canola . They where kinda vague at about paying more money for it

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              #7
              Originally posted by Old Cowzilla View Post

              Think at the meetings they said they wanted us to produce more canola . They where kinda vague at about paying more money for it
              lol yes you are correct about that except that they and politicians that gave millions in subsidies for these to be built all in the name of and part of the ag budget for farmers????anc heralded by the media as a subsidy for farmers????they did say there would be so much demand that basis would be near zero and I dont really think that worked out either .

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                #8
                Did anyone ever believe crushers would pay more then export values. It seems to me they have paid more then the export price at any given time to ensure it isnt exported. So without the crushers it likely would not have reached the high it got to but they can be expected to let it fall to the world value when they can. Which is a normal response we would all do. The hard part is the coulda, woulda, shoulda and hard to know what to do when the markets have fallen this much. Several people expect a revision upwards on the canola production from Statcan. Some believe about 50% of the canola is still unmarketed and in farmers bins.

                Our lunch is getting eaten. Turkey and durum wheat, Russia and peas into China, Russia and flax into China. Argentine Canaryseed into Brazil (brazil was 25% of our market for canaryseed 20 years ago and now its almost zero). We have enjoyed monopolies in these markets and all they have to do is sell a little less then us and they get the marketshare. And Austrailian reds into India. We used to dominate that mkt and now we are 50% of the imports.
                Last edited by dave4441; Feb 7, 2024, 15:58.

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                  #9
                  I'm having real difficulties grasping the concept that less domestic crush would lead to better prices.

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                    #10
                    itll be perfect.... when half the countryside has 20 bushels of canola due to drought this fall.. we should see a hefty price bump back up above 13$.... big moneeeeeeyyyyyyyyy

                    how sad is it that i can price canola for what.. 12.50 this fall and 10.50 yellows.. and somehow im still debating what to grow # rock-meet-head

                    in a dry yr they yield exactly the same... what am i thinking sometimes?

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                      #11
                      These grain prices should trigger on farm cutbacks with iron being first and chemical being last with fertilizer and land rent sandwiched in the middle.
                      Some pretty big numbers involved in this contraction cycle.
                      Last edited by rumrocks; Feb 7, 2024, 20:33.

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                        #12
                        Hasn’t chemical gone down a fair bit. Glyphosate under $5

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                          #13
                          Check out the “ used “ combines , sprayers , and tractors on Pattinson JD website , go buy some land and giver with todays crop market .
                          best of luck competing with 3rd world countries.
                          there is a reckoning coming in many ag industries.
                          best of luck to all
                          there will be a 70-80% drop in net farm income in the next stats for the majority of field crop farms in Western Canada .
                          I might be off 10%

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                            #14
                            This is used equipment …

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                              #15
                              Used Combines were a stretch a few years ago at $400,000 with same crop prices and zero % interest.
                              gonna get interesting
                              Last edited by furrowtickler; Feb 8, 2024, 08:55.

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