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Fun week in Grain Markets Down down and down. What looks good for 2020. Nothing?

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    Fun week in Grain Markets Down down and down. What looks good for 2020. Nothing?

    It seems Canola is on life support but are the farmers really the ones who are getting screwed. It seems the coast asking price is decent yet the inland price sucks. Oh, wait for its all the shit crop that needs to be moved fast so they are having a hay day with producers. AGain someone explains how the farmer ever wins. Yes if your lucky you got yours off-dry and nice and you're having the time of your life. Most arent.

    Feed grains are starting to hit the skids, sure may as well because what is needed for feeding animals is being used. What companies are doing is this same grain can find markets at the 7 dollar coast price in places like Bangladesh or others. Yes, they use to buy lots of wheat from Canada at one time. The winner is the grain buyers again.

    Oats lets grow oats wall to wall because the Chinese are liking cereal like snap crackle and pop or captain crunch, its like a drug you get hooked you're hooked for life. So Quaker wants perfect oats with nothing sprayed on them yet they still feel they should only pay 1928 prices for oats. So now we're supposed to bet the farm on China again like canola. Add a seed tax on oats and everyone is happy, big volume all win, except the farmer.

    Peas especially green have dropped, what else would happen. Oh, yea yellow was a great market but when India went nuts on Canada we just did sweet **** all in retaliation and hoped peace and love for all would work.

    So did I miss any crop that's going the other way. 2020 looks like a loss year before we plant the crop.

    So we know who is winning, in most cases it's the Grain companies with no way for us producers to know what their sales are or to who or grade plus how much they are paid at the coast.

    The seed companies who still think max to the wall with prices and farmers will buy. Yea lets see next week which companies extended the early buying deadline again.

    So I guess the question I have today, what are guys thinking when planning the 2020 crop.

    I miss Durum and maybe just maybe if it's a dry spring we might add 2 to 4 quarters of Durum, probably 2.

    So then will we drop HRS, well since AC Brandon came to town and we don't grow now a ft. or more straw and the head is actually where that week sends moisture. Yield has gone up lots. But in our case, we would drop HRS acres by 2 to 4 quarters. 75 x 6.49 as an example is profitable. A higher yield can add to profit. But you have to follow and give it what it needs. So with a seed tax, this one would be in trouble.

    For us well go with the regular Malt Barley amount but we have a contract that we flipped to fall of 2020 that didn't get picked up this year. Price is decent when we flipped a while ago. Similar acreage and price and yield and it could squeak a profit, also sell the bales helps. It's actually better than wheat for profit. But you need yield and price. Lose one and it is non-profitable.

    For us, I don't do SMF but we add Peas and yes they suck right now and probably will suck more come fall but well sacrifice a section or 500 acres to fill that early harvest mode. Yield will give a break-even with these prices. Lose one and you're hooped.

    Finally, we might add Some Canary again to the rotation, its been years but it has a place.

    Canola for the remainder as it works in our area for yield in the Black soil zone and we get the moisture. Now yes we have three crush plants all within an easy drive to deliver to, helps. The seed costs are the problem and it seems there is no end to what they think they can charge. Will that change no because all you here is we have the highest ratings in our tests. HAHAHAAH always but when it's in your field its a dud.

    So here is the early seeding forecast. Yes, this depends on us getting a decent spring harvest to get acres in on time. Oats will be the replacement if we run into issues.

    Canola 5000 unchanged to similar to past.
    HRS 3500 similar to lower if we add durum.
    Durum 300?
    Peas 600?
    Barley 600 Up.

    What are others thinking?

    Big time problem is the cost of growing the 2020 crop. Fuel is going to be up and only thing down is some fert.

    #2
    the whole country is seeding oats and canary
    thinking about flax again

    Comment


      #3
      Why should fuel be going up?

      Comment


        #4
        Originally posted by bucket View Post
        Why should fuel be going up?
        Carbon tax

        Comment


          #5
          Canola is stuck at $9 and change for the foreseeable future, maybe falls lower than that. Way way oversupplied to a single buyer who may have never even needed those quantities. 40% of trade is gone, I calculate an $8 per bu price as a result if the same sort of acres go in again.

          Dealers are pushing Nexera now cause its $2 a bushel more and stays here for crush but you have to sell it to Viterra.

          Lentils
          Flax
          Durum

          All look reasonable. I am out of the canola game for a while. It messed with my head this year.
          Last edited by jazz; Jan 31, 2020, 07:38.

          Comment


            #6
            Except for canola everything I grow leaves fob and is ate by a hog or a cow.

            Comment


              #7
              Originally posted by SASKFARMER View Post

              Canola 5000 unchanged to similar to past.
              HRS 3500 similar to lower if we add durum.
              Durum 300?
              Peas 600?
              Barley 600 Up.

              What are others thinking?

              Big time problem is the cost of growing the 2020 crop. Fuel is going to be up and only thing down is some fert.
              Nice rotation.

              Comment


                #8
                Originally posted by bucket View Post
                Why should fuel be going up?
                Taxes is a good answer.
                Rack price today in Saskatoon:

                Gas E-10 reg. .610
                Diesel .746


                I sure made a bad call on the price direction of Crude and Fuel Oil back on Jan. 3. wow

                Comment


                  #9
                  Tweety what you doing?

                  Comment


                    #10
                    Markets down again today .
                    Might have to just hit ignore button for a month or two or even into June ?
                    The virus has infected the markets it seems

                    Comment


                      #11
                      Originally posted by SASKFARMER View Post
                      Tweety what you doing?

                      Same old 5 to 7 year rotation, markets are irrelevant. Way less inputs then the typical 2 year disease rotation.

                      Comment


                        #12
                        Originally posted by SASKFARMER View Post
                        Tweety what you doing?
                        He is likely watching the clock waiting for 5 pm at his desk job.

                        Comment


                          #13
                          As you stated, nothing will be good for 2020. Big Hemp conference planned for the county here. Farmers have to buy there own lunch for this one. It is likely that that will put hemp production into the red for most. Still a niche crop after 20 years and not likely going anywhere anytime soon.

                          Comment


                            #14
                            Where is Hobbyfarmer lately?
                            Any bright spots in the organic side of the business?

                            Comment


                              #15
                              You must not understand plants because 7 years except for peas isn’t a rotation.

                              Comment

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