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Feb 23, 2021 | 09:22 241
Quote Originally Posted by AlbertaFarmer5 View Post
They say every marketing decision is wrong. You either sold too much ( price goes up), or too little ( price goes down).
I made my first marketing decision for 2020 crop yesterday. Put out a small target way above the market and well above the eventual closing price, and it hit mid day. Looking at todays futures, it appears I sold too much already...
Gezus AF, you have the patience of Job himself. I hope I never see you at the poker table. Reply With Quote
blackpowder's Avatar Feb 23, 2021 | 09:33 242
Quote Originally Posted by jazz View Post
Gezus AF, you have the patience of Job himself. I hope I never see you at the poker table.
He just admitted to farming with cash.
Or was joking. Reply With Quote
Feb 23, 2021 | 09:43 243 Paid for land means you are farming with cash. IMHO Reply With Quote
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  • Feb 23, 2021 | 09:45 244 For the chart guys here will we see this market start to gap up? If so what will cause it to happen?

    Does that always look like a rocket pattern as it comes back down?

    Any advice to participants if that happens? Reply With Quote
    Feb 23, 2021 | 10:03 245 No need for gaps higher. Limit ups and downs destroy markets if you ask me.
    Someone blinked in the March pit. It's trading again

    Watch the active months May and July. And new crop.
    IN '08 the May contract lost $120 in 4 days. Locked limit down 4 days in a row

    Specifications now allow for expanded limits if two months are locked limit. 45 then 60
    Last edited by farming101; Feb 23, 2021 at 10:08.
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    Feb 23, 2021 | 10:12 246 I remember that year well, put 3 targets in before I got on a plane to Punta Cana and hit all 3 targets while on holidays, it moved up and down so fast that I wasn’t sure whether all my targets were hit until I got home. Reply With Quote
    Feb 23, 2021 | 10:26 247 The plant is now at +62 basis for July delivery.

    They say the last thing they put through the plant before they shut it off is the buyers Reply With Quote

  • blackpowder's Avatar Feb 23, 2021 | 10:29 248
    Quote Originally Posted by bucket View Post
    Paid for land means you are farming with cash. IMHO
    However he's doing it fine with me.
    Heck, he may have mortgaged it at bank and speculated on feed and cattle like i used to.
    I've always said let a farmer talk for 30 seconds and you'll know how much debt he has.

    Sometimes i forget that most on Agriville are playing with old money or did everything right prior to '03.
    I just feel its a shame not to have dollars working harder for you than that. Reply With Quote
    Feb 23, 2021 | 10:50 249
    Quote Originally Posted by blackpowder View Post
    He just admitted to farming with cash.
    Or was joking.
    It just means I am exceedingly cheap by necessity. Storing crop, and prebuying everything else pays way better than shiny equipment.
    Only debt is land debt, and I've haven't had the pleasure of inheriting any land. Reply With Quote

  • Feb 23, 2021 | 11:24 250
    Quote Originally Posted by AlbertaFarmer5 View Post
    It just means I am exceedingly cheap by necessity. Storing crop, and prebuying everything else pays way better than shiny equipment.
    Only debt is land debt, and I've haven't had the pleasure of inheriting any land.
    Sounds like you need some tax deductions. Can I interest you in a solar array? Reply With Quote

  • Feb 23, 2021 | 16:13 251 November futures gained $16.00 today, starting to look attractive to lock in a few bushels soon. Reply With Quote
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  • Feb 26, 2021 | 12:01 252 While canola is being taken to the woodshed, Palm oil has gone up to within a whisker of its previous highs.
    It is supposed to be doing the opposite at this time of year.

    Meal prices don't seem to be justifying prices this high. But oils have doubled. Soy oil was up almost 5% just in one session earlier this week, closing slightly off that.
    What do the chartists think, pause, or top is in?
    Not historically the correct time of year for a top. But trending more this way in recent years, followed by another peak in spring/early summer. Reply With Quote
    Feb 26, 2021 | 12:16 253
    Quote Originally Posted by AlbertaFarmer5 View Post
    While canola is being taken to the woodshed, Palm oil has gone up to within a whisker of its previous highs.
    It is supposed to be doing the opposite at this time of year.

    Meal prices don't seem to be justifying prices this high. But oils have doubled. Soy oil was up almost 5% just in one session earlier this week, closing slightly off that.
    What do the chartists think, pause, or top is in?
    Not historically the correct time of year for a top. But trending more this way in recent years, followed by another peak in spring/early summer.
    Seems this happened last month as well , just shake a few weak hands loose...and up again...but it could be the highs have been set..

    I dont think all farmers shared in this rally , most were probably sold on the way up...but it was for production not previously committed. Now the graincos have to sort out the logistics....

    Maybe their books are full .... Reply With Quote
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  • Feb 26, 2021 | 14:11 254 When the markets goes up at the end of the day Friday, instead of selling off as usual, it must say something.
    Either that most participants are short, so the risk off trade for the weekend is to cover, or else that they see the biggest risk of the unknown over the weekend to be a risk to the upside? Or something else?

    Quite a turn around in canola, and soyoil, and soys today. Reply With Quote
    Feb 26, 2021 | 14:25 255
    Quote Originally Posted by AlbertaFarmer5 View Post
    When the markets goes up at the end of the day Friday, instead of selling off as usual, it must say something.
    Either that most participants are short, so the risk off trade for the weekend is to cover, or else that they see the biggest risk of the unknown over the weekend to be a risk to the upside? Or something else?

    Quite a turn around in canola, and soyoil, and soys today.
    AND CDN$... adds to it... China politics? Reply With Quote

  • Feb 27, 2021 | 14:19 256 Bins built in 2010 seem pretty cheap now after getting filled with Canola.~420—->~720
    Last edited by sumdumguy; Feb 27, 2021 at 14:23.
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    Mar 1, 2021 | 15:17 257 Got this alert today. I really want the cooler and thermos prize.

    I have never seen the market bid for bushels 18 months out.

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    Last edited by jazz; Mar 1, 2021 at 15:21.
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    Mar 1, 2021 | 15:27 258
    Quote Originally Posted by jazz View Post
    Got this alert today. I really want the cooler and thermos prize.

    I have never seen the market bid for bushels 18 months out.

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    Man that's exciting who cares about recropping restrictions in 2022 on 640ac, just have to have the cooler and thermos. Reply With Quote
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  • Mar 1, 2021 | 17:21 259 No problems, canola snow canola repeat. Reply With Quote
    LEP
    Mar 1, 2021 | 19:52 260
    Quote Originally Posted by Goodtime View Post
    Man that's exciting who cares about recropping restrictions in 2022 on 640ac, just have to have the cooler and thermos.
    I expect someone in the slum of the ghetto to sign up for this offer. Reply With Quote
    Mar 2, 2021 | 07:54 261 Canola don't grow in the ghetto ! Reply With Quote
    Mar 2, 2021 | 15:16 262 Good to see canola perk up again today Reply With Quote
    Mar 2, 2021 | 16:43 263 A landlord was talking about his tennant at the repair shop today. This farmer has planted canola for 13 consecutive years on this guy’s land. No objections, no clubroot and the payment is on time.
    Thats how you make it pay. Reply With Quote
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  • Mar 2, 2021 | 17:13 264 Canola on its next leg up ??? To get to the top it’s like climbing an old ladder. You have to go through breaking a few steps to fall down then shimmy up again to get higher than before while onlookers are saying YOU’ LL NEVER GET ANY HIGHER. Why can’t it get even higher than before like in 2008 when parts , inputs, land costs and almost everything else needed to grow it has already climbed that ladder????! Reply With Quote
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  • Mar 2, 2021 | 17:36 265
    Quote Originally Posted by hobbyfrmr View Post
    A landlord was talking about his tennant at the repair shop today. This farmer has planted canola for 13 consecutive years on this guy’s land. No objections, no clubroot and the payment is on time.
    Thats how you make it pay.
    It’s all good till it’s not. Reply With Quote
  • 1 Like