Good morning! This is quick — I’ll add more later.
Yes, the big news this morning is the mega storm. We’ll see which way it tracks and how big it actually gets. They’ve been calling for this one for about a week, and now it’s almost here.
Our yard is finally drying up from the last snow, so I’d be happy if we miss the worst of it. Looks like we might be near the centre of the swirl and get the minimum, but as it moves across the prairies we’ll see what the end result is. I’m hoping for rain. We’ll see.
Post what’s going on in your area if you want.
The next storm is the Monette bankruptcy/restructuring — and that’s exactly what’s happening. Big players involved: Deere, the renters, and Scotia, I’m thinking.
You think you’re stressed this spring? Try being them. You can’t imagine the pressure. First they have to negotiate with the renters, then Deere and the bank. Every deal gets run through a stress test. ****, this isn’t easy.
Reality is they’ll need $40 to $90 million just to get seeding done.
You honestly think you’re having a tough time? Dream on — this is huge.
And here’s another shake-down coming: RBC, CIBC, and all the others will be sending memos putting every farmer on warning. Shit is about to get real again. Credit for farmers is going to get a lot tighter and harder to get.
No wonder one large renter was scrambling to calm the banks.
Farming still makes money, but I’m thinking it’s like the U of S papers say — it’s the 5,000- to 10,000-acre farms that really work now.
We’re getting screwed by the elevators on the wheat market. Frost again down south, and the major wheat areas are dry and not improving. Headed wheat is already showing up into Kansas. Frost hit a lot of area south of us. Cattle are already grazing those fields, and the USDA won’t show real yields on them for a year or two.
It may have also frozen in parts of Ukraine and Russia.
Wheat is moving, and we haven’t stopped using flour. With the exchange rate on the dollar, we should be seeing $8.50 to $9.00.
Canola had a good run after the magic day (April 15). The crush is making huge money. Basis is insane — $63 come in. That’s not buying at a crusher; that’s basically paying them overnight.
Seeding isn’t going to start until May in most areas. Probably north of the valley after May 8–12.
Off to the farm. Let’s watch this storm like we watch the federal train wreck on the CUSMA deal. If we get hit with massive tariffs, a lot more hurt is coming.
Yes, the big news this morning is the mega storm. We’ll see which way it tracks and how big it actually gets. They’ve been calling for this one for about a week, and now it’s almost here.
Our yard is finally drying up from the last snow, so I’d be happy if we miss the worst of it. Looks like we might be near the centre of the swirl and get the minimum, but as it moves across the prairies we’ll see what the end result is. I’m hoping for rain. We’ll see.
Post what’s going on in your area if you want.
The next storm is the Monette bankruptcy/restructuring — and that’s exactly what’s happening. Big players involved: Deere, the renters, and Scotia, I’m thinking.
You think you’re stressed this spring? Try being them. You can’t imagine the pressure. First they have to negotiate with the renters, then Deere and the bank. Every deal gets run through a stress test. ****, this isn’t easy.
Reality is they’ll need $40 to $90 million just to get seeding done.
You honestly think you’re having a tough time? Dream on — this is huge.
And here’s another shake-down coming: RBC, CIBC, and all the others will be sending memos putting every farmer on warning. Shit is about to get real again. Credit for farmers is going to get a lot tighter and harder to get.
No wonder one large renter was scrambling to calm the banks.
Farming still makes money, but I’m thinking it’s like the U of S papers say — it’s the 5,000- to 10,000-acre farms that really work now.
We’re getting screwed by the elevators on the wheat market. Frost again down south, and the major wheat areas are dry and not improving. Headed wheat is already showing up into Kansas. Frost hit a lot of area south of us. Cattle are already grazing those fields, and the USDA won’t show real yields on them for a year or two.
It may have also frozen in parts of Ukraine and Russia.
Wheat is moving, and we haven’t stopped using flour. With the exchange rate on the dollar, we should be seeing $8.50 to $9.00.
Canola had a good run after the magic day (April 15). The crush is making huge money. Basis is insane — $63 come in. That’s not buying at a crusher; that’s basically paying them overnight.
Seeding isn’t going to start until May in most areas. Probably north of the valley after May 8–12.
Off to the farm. Let’s watch this storm like we watch the federal train wreck on the CUSMA deal. If we get hit with massive tariffs, a lot more hurt is coming.
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