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Markets- soybeans, canola,corn, wheat

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    #31
    In 2019 Canola has once again turned into a hot potato. 1.4 mmt in the system with over a million in the primary elevator system.

    No need to bid it up and it isn't going to slow down coming to town. Thus the lower values both futures and cash the last little bit.
    Even though there will be over 1 mmt stranded in the field for quite some time and of an unknown quality the industry won't concern itself about that till it has to, if ever.

    price trend, sideways

    Comment


      #32
      Viterra rep.says the company has sold very little canola going into jan and feb..

      Comment


        #33
        See wheat is refusing to lie down. Not a runaway price wise but supportive seems we’re as beans corn seem to have downside and want to push lower.

        Wheat almost punching above it weight as they say

        Comment


          #34
          Originally posted by farming101 View Post
          In 2019 Canola has once again turned into a hot potato. 1.4 mmt in the system with over a million in the primary elevator system.

          No need to bid it up and it isn't going to slow down coming to town. Thus the lower values both futures and cash the last little bit.
          Even though there will be over 1 mmt stranded in the field for quite some time and of an unknown quality the industry won't concern itself about that till it has to, if ever.

          price trend, sideways
          Have been selling $10.90 here aug del , not bad ?
          And $2.90 oats from combine , sept
          Last edited by caseih; Nov 5, 2019, 16:23.

          Comment


            #35
            Originally posted by caseih View Post
            Have been selling $10.90 here aug del , not bad ?
            What? Marketing talk in a marketing forum?

            Comment


              #36
              Originally posted by caseih View Post
              Have been selling $10.90 here aug del , not bad ?
              And $2.90 oats from combine , sept
              Is that direct to crush plant?

              Comment


                #37
                Originally posted by farmaholic View Post
                What? Marketing talk in a marketing forum?
                Don't goad them into finding an article relating current market struggles to climate change...

                Comment


                  #38
                  Originally posted by farming101 View Post
                  In 2019 Canola has once again turned into a hot potato. 1.4 mmt in the system with over a million in the primary elevator system.

                  No need to bid it up and it isn't going to slow down coming to town. Thus the lower values both futures and cash the last little bit.
                  Even though there will be over 1 mmt stranded in the field for quite some time and of an unknown quality the industry won't concern itself about that till it has to, if ever.

                  price trend, sideways
                  Some of that 1 mmt will be coming off tonight if the combines start and will join the millions of tons of damp canola currently sitting in grain bags. -22 here tonight will get the snow dry enough to get blasted out of the combine. -22 is not enough though to set a record low for this date in Vegreville. That was -23.4 set two years ago. How cold does it have to be to keep the green weinies happy? Anyways as this canola is dried and comes to market that will be enough to kill market rallies for quite a while.

                  Comment


                    #39
                    Originally posted by farmaholic View Post
                    What? Marketing talk in a marketing forum?
                    Sorry , will try to stick to left agenda

                    Comment


                      #40
                      Originally posted by biglentil View Post
                      Is that direct to crush plant?
                      Yes to bunge
                      Oats -RP

                      Comment


                        #41
                        Originally posted by ajl View Post
                        Some of that 1 mmt will be coming off tonight if the combines start and will join the millions of tons of damp canola currently sitting in grain bags. -22 here tonight will get the snow dry enough to get blasted out of the combine. -22 is not enough though to set a record low for this date in Vegreville. That was -23.4 set two years ago. How cold does it have to be to keep the green weinies happy? Anyways as this canola is dried and comes to market that will be enough to kill market rallies for quite a while.
                        Good luck ajl !!
                        Check your top sieve lots but that glowbull warming temp you are experiencing in early nov. should be enough to keep ice off
                        If only those assholes knew what we go through so they can eat

                        Comment


                          #42
                          Originally posted by ajl View Post
                          Some of that 1 mmt will be coming off tonight if the combines start and will join the millions of tons of damp canola currently sitting in grain bags. -22 here tonight will get the snow dry enough to get blasted out of the combine. -22 is not enough though to set a record low for this date in Vegreville. That was -23.4 set two years ago. How cold does it have to be to keep the green weinies happy? Anyways as this canola is dried and comes to market that will be enough to kill market rallies for quite a while.
                          Not sure you could find a swath here today, almost a foot of new snow.

                          Comment


                            #43
                            Drought induced or enough malt barley n the world.

                            Currently only a $10 premium malt barley over feed and only $3 for malt 2

                            Best to sell direct of farm to end user will be in front.

                            Haven’t started harvest here yet getting closer 5 to 7 days

                            Sarcasm humour intended but fark it’s cold hrefor harvest weather been about 17c all day should be 25 plus it’s November

                            Comment


                              #44
                              Originally posted by malleefarmer View Post
                              Drought induced or enough malt barley n the world.

                              Currently only a $10 premium malt barley over feed and only $3 for malt 2

                              Best to sell direct of farm to end user will be in front.

                              Haven’t started harvest here yet getting closer 5 to 7 days

                              Sarcasm humour intended but fark it’s cold hrefor harvest weather been about 17c all day should be 25 plus it’s November
                              Broker here reports a malt deal on 13500 bushels @ $5.10, I don't know how that compares to the specs of Oz Malt 2 though. I would think good premium malt is as rare as unicorns in Western Canada.

                              Comment


                                #45
                                Local elevator quote for Metcalfe malt variety is $4.77 bushel, $3.03 for feed.

                                Comment

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