Canola Rebound

[Old Cowzilla]

See lots of shinny steel sitting in yards paid for with china yen. Hard habit to break that canola thing willing to listen to options thou.

[furrowtickler]

RB auctions in Shelbroke today will tell the tale on shiny newer equipment.
A lot of big newer equipment piling up on dealer lots .

[Taiga]

I wonder how many people are considering not taking delivery on equipment they ordered in 2024 that is arriving at dealerships now

[furrowtickler]

Combines and sprayers sold for about 30% off dealer asking price today . Interesting times ahead

[goalieguy847]

Everyone says that the used market will go up and chase the new market... as the new equipment market will scream higher with these tariffs...
but i firmly believe that farmers are going to buy at values that directly correlate to fall commodity prices. There were 2x 2022 4440 case sprayers today sold for 555 k.
i would venture those are atleast 200 k less than what a dealer would be asking.

Tractors arent at any sort of bargain tho ...

used market isnt going to go up... i think it will be stagnant or start to come down...
Especially with all the S series combines flooding the market... wait til new crop hard red drops under 8 bucks....

[furrowtickler]

Agree , was watching those sprayers as well . Way off dealer lot pricing

[furrowtickler]

Canola had a good rebound at the close again with soy down

[Sodbuster]

Soyoil down and Cdn dollar up, either canola is playing catch-up or canola needs to buy acres. Canola inventories will be tight this year if they can keep up the pace, Nov up also, so I’m thinking buying acres.

[fcr]

Wheat up also, 8.55 for May delivery.

[RD414]

Maybe somebody bought a boat load of canola today, would be nice to know but no export sales reporting. Please,anybody, do u have a good reason why we shouldn’t have that info.