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Market Predictions for 2007-08

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  • BennyHin
    Senior Member
    • Dec 2006
    • 259

    Market Predictions for 2007-08

    Tom4CWB:

    Since you are the expert, please tell us when we should sell our green and yellow peas, feed peas, canaryseed, yellow mustard, oriental mustard, and feed barley in the 2007-08 crop year. It seems obvious from your previous posts that you have the ability to pick the top of the market cycles.

    By the way, what is your average selling price for peas and canola this past crop year?
  • wd9
    Senior Member
    • Nov 2000
    • 3196

    #2
    Too lazy to do your own research and work?

    Comment

    • parsley
      Senior Member
      • Oct 2000
      • 10986

      #3
      Tom,

      Rather than having to create a PDF for each of Benny's requests: green and yellow peas,feed peas, canaryseed, yellow mustard,oriental mustard, and feed barley plus his request for "your average selling price for peas and canola this past crop year", may I make a suggestion?

      Tell BennyHinn to go to:

      http://www.webercommodities.com/

      Benny can subscribe to Weber's newsletter. We recieive it every day, and it will provide him with the statistical data he is looking for.

      And rather than Benny accessing just your personal data Tom, (which could prove to be disconcerting for Benny), the charts Weber provides are often a comprehensive world glimpse.

      Parsley

      Comment

      • TOM4CWB
        Senior Member
        • Dec 2000
        • 16511

        #4
        Parsley & WD9,

        Thanks for helping me out... it is appreciated... and both of your ideas are good ones!

        To Benny;

        I can no more predict the top of the grain markets... than I can pick the maximum tempature this summer... and when it will happen.

        Therefore... Benny; do the same with price and market forecasts as you would treat weather forcasts for this summer and fall!

        Have a look at both weather and market forecasts... look at local and international information. Determine your break even price/bu for this year... and from the weather information what your yield will likely be.

        If you can see the end of seeding in a normal manner... then:

        What volume of grain will you normally grow... with a 90% probability... after reviewing the long term weather forcasts 60% of this produce if prices give a profit that is reasonable... which they have been in the last few weeks... I sure hope you did your market research and planted yellow peas!

        Find a reputable company to sell your produce to... that you can trust... and discuss with them a contingency plant to sell the rest of your likely production... as you reach this high probability that you will have it to sell... and incorporate an Act of AGod clause wherever possible!

        Happy marketing... this 07-08 crop year looks to have a high probability of being a profitable one... very likely one of the best in the past decade!

        Now... plan on helping the charities in your community... from the first fruits of your produce... pray for wisdom... ask your better half for her advice... and read at least 1 chapter of Proverbs each day...

        If you do All the above Benny... you will have at least tripled the probability of having one of your best years ever from your farm!

        God Bless you... and your farm, family, and community!

        Comment

        • Burbert
          Senior Member
          • Jan 2007
          • 2242

          #5
          Another great year, all due to your exceptional marketing skills. Lets see, fuel price, fertilizer prices, machinery prices, energy prices all WAYYYYY up. Grain, up a bit. Weather is co-operating, dry warm, corner to corner seeding going on all around. Barley just starting to tank. Canola as usual promises to be great, off shore competition palm oil building. Amerikins have apparently planted a HUGE corn crop. Brazil is a factor to consider, soybean in large numbers, three crops per year. Peas, yes, peas, high prices, the only way to go, grow, lots and lots and lots of peas, watch that price plummet. Got to get a couple of brokers, to take over cause I can't keep up, experts in the field, really make some coin this year. Maltys will soon be groveling at the door for our barley, soon can't wait. So glad to be in farming, I could just bust. Alberta Barley Commission standing on guard for you and me, win, win, win. Alberta Ag recommending raising racing pigeons this year, better get on that one early, huge money there!! No Summer vacation again can't afford it, what is that now, haven't had a holiday in 7 - 8 years, a F*** it, live to work, work to live. Maybe go to the lake and fish once or twice, mooch off vacationing city friends, telling them about life on the farm.

          Comment

          • rodb
            Senior Member
            • May 2002
            • 195

            #6
            Burbert

            It is good to vent once in a while but maybe you should consider a different occupation before it gives you a coronary.

            Comment

            • sawfly
              Senior Member
              • Mar 2005
              • 876

              #7
              I can just see barley tanking, and expect to see canola lose 1$/bushell by harvest.
              wheat might be the sleeper, im sure acres are down 30 %
              peas there were lots seeded, unless we get bad drought , there dropping too

              so i locked in as much canola and peas as i dare , about 50%,
              locked some wheat , not as much as id like.about 10%. my starting price may have been my high. hope not"

              my prediction is whats down is going up and whats up is going down.

              the only good differance this year is that we can lock in enough at a decent price, to pay the bills and eat.

              So this fall when they try and steal your grains and oilseeds, we can tell them to take a hike.

              cough up or your not getting it

              Comment

              • TOM4CWB
                Senior Member
                • Dec 2000
                • 16511

                #8
                Burbert,

                "When pride comes, then comes disgrace, but with humility comes wisdom."

                " A generous man will prosper;
                he who refreshes others will himself be refreshed."

                "He who seeks good finds goodwill,
                but evil comes to him who searches for it."

                "A heart at peace gives life to the body,
                but envy rots the bones."

                Comment

                • carebear300
                  Senior Member
                  • Jan 2002
                  • 630

                  #9
                  Thanks for sharing these words of wisdom. They are sooooooo true. Good seeding everybody and good luck marketing, six months from now everyone will be able to see who was right and who was wrong. Now am back to fixing my air drill. Stay safe everybody!!!!!

                  Comment

                  • parsley
                    Senior Member
                    • Oct 2000
                    • 10986

                    #10
                    Market predictions?

                    More consumers will be examining what they are eating.

                    smalldeadanimals.com gives the heads up to:

                    http://www.nytimes.com/2007/05/19/world/americas/19panama.html?ex=1337313600&en=af8008b40fc49ed1&ei =5124&partner=permalink&exprod=permalink

                    Parsley

                    Comment

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