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

[rumrocks]

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.

[TASFarms]

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

[furrowtickler]

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%

[furrowtickler]

This is used equipment …

[furrowtickler]

Used Combines were a stretch a few years ago at $400,000 with same crop prices and zero % interest.
gonna get interesting

[errolanderson]

Steady decline in Argentina and Brazil soyoil export prices to near a 4 year low. Palm oil down about 60% from COVID era. Global veg oil export price trend remains down . . . .

[the big wheel]

There is no benefit what so ever to any farmers that are not near one of these crushers. yes good for the cities, good for jobs great for the grain companies they now have the step up in the supply chain, not so good for road maintenance. We re buying foreign canola and us canadian farmers are paying a higher basis because well they supposedly dont want it? Canola stocks are very low not just slightly.
Without the crush grain co revenue is solely moving the most grain so there is some competiion to do so correct? with their own crush the game is changed entirely they are now bidding for product to make a profit on. in order to gain market share they need a cheap supply correct? once they put out of business foreign crushers this will get even better for us? I dont know about other areas but our local terminals once they have a crush somewhere there basis went to crap and now there is a take it or leave it attitude. At the very least why in exchage for approvals and subsidies werent we given a dividens postiton on the oil sold? why arent we owning these crushers ourselves?

[the big wheel]

Steady decline in Argentina and Brazil soyoil export prices to near a 4 year low. Palm oil down about 60% from COVID era. Global veg oil export price trend remains down . . . .

Is there somewhere that lists the price difference between crush margin and what grocers pay for the oil in store? Yes canola prices have been declining for what year and half or so? and yes there will be a drag on price change in store but not this long.

also interesting to complain about foreign oil imported for the fuel industry but when it
happens for canola nothing is said, must be not a priority in the political brainwash

[fjlip]

Bunge raise basis $8/T today must be a price increase anticipated?

[the big wheel]

Bunge raise basis $8/T today must be a price increase anticipated?

Somebody has to pay for the Viterra takeover.