Oats is its time coming for a rally?

**carebear300** · Jan 12, 2009, 13:59

Hope you are right!!!!!!!!!! We have been playing the waiting game patiently. Keeping fingers crossed. lol

**cottonpicken** · Jan 12, 2009, 15:51

Were at a very important technical line in most of the grains.

If the next few days are bad were going to take a lickin.

**classicalliberal** · Jan 12, 2009, 16:10

There is about 500,000mt of oats in Duluth and Minneapolis that was bought at historically weak basis levels and are being stored in a full carry market. Whitebox Commodities, who arbitraged the weak basis will sell out inventory when the basis gets stronger and General Mills will use thier stored oats if there is a crop failure or no one moves it. I'm thinking that we will likely have to take what we can get for oats this year and possibly next.

**SASKFARMER3** · Jan 12, 2009, 17:28

I know I heard all that BS before that Quaker was bought out for two years yet why oh why are their phone calls this week looking for oats and steady phone calls. Maybe its another company that's BS us farmers with misrepresented information so as to take advantage of us farmers. Could it be.

**classicalliberal** · Jan 13, 2009, 09:58

Yes, oh those poor farmers. Dude, we are the chosen group.

**SASKFARMER3** · Jan 13, 2009, 10:21

Classic liberal so every thing you hear and read coming out of the companies is the gospel truth. Do you honestly believe what they tell you every news bulletin etc. Do you honestly believe them.
Again DO YOU HONESTLY BELEIVE ALL THE BS THAT FARMERS WERE GIVEN THE LAST 6 months to a year from any company.
Baffle them with BS and sooner or later they will believe it.

**skhadenuf** · Jan 13, 2009, 10:36

Yeah it's just like the myth that last year's canola price had such a drastic effect on consumers. Canola was what 12 to 14 bucks everyone up the chain at that time still making huge profits canola oil in the grocer price went up what 10-20 cents, but now that canola is 8 and 9 bucks, canola oil is the same price or up slightly, so who in the system is stealing that 4 or 5 bucks.

**classicalliberal** · Jan 13, 2009, 10:49

The information regarding the oats in commercial, deliverable storage is available at the USDA as well as the CME Group websites. No one is lying to us and no one is stealing from us and there is no conspiracy against farmers.

**SASKFARMER3** · Jan 13, 2009, 11:03

Oh boy your a real believer.
The USDA when was the last time it was right on with its projections. When Classic Liberal, They redo their numbers and like their latest report baffle most with almost nor realm or reason.
Again do you honestly believe the BS most companies tell us farmers?
I am not trying to create a conspiracy theory that's BS, but look at every thing the companies issued since around the time of Katrina and try to explain why prices for their product have to go up yet ours go up for one day and the world goes nuts with reasons why it shouldn't.

Oats is its time coming for a rally?