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Feb 28, 2023 | 07:58
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Markets have gone completely in the toilet. How much lower can they go? Costs are sky high, doesn’t look good going forward.
There was so much hype where prices would go through the roof with the war in Ukraine, that hasn’t happened.
In fact, there has been a huge amount exported out the Black Sea.
Tough yr ahead IMO!!
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Feb 28, 2023 | 08:32
2
Volatility is not going away…
One mountain pass east of LA… had 93” of snow…. Another whopper Storm ⛈ in California over the next 2 days….
Water reservoirs in areas will be full by spring… massive snow packs in the sierras…
Oroville Dam could easily be using that new spill way this spring!
Cheers
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Feb 28, 2023 | 08:50
3
 Originally Posted by TOM4CWB
Volatility is not going away…
One mountain pass east of LA… had 93” of snow…. Another whopper Storm ⛈ in California over the next 2 days….
Water reservoirs in areas will be full by spring… massive snow packs in the sierras…
Oroville Dam could easily be using that new spill way this spring!
Cheers
Not sure what this has to do with the tumbling markets?
Guess there’s something you know I don’t.
Are these storms brining moisture to the dry areas of Kansas, Texas, and Nebraska?
These areas are bone dry with terrible crop ratings.
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Feb 28, 2023 | 09:32
4
Just the combination of that deflation that Errol has been warning about along with the war grinding down in Ukraine. The reckless covid inflation tsunami is now washing back out to sea. Look out below. Input costs are also grudgingly moving lower. I bought some gly at Christmas time but could get it cheaper today. Fert is lower today than the stuff put in bins last fall and farm machinery prices will move lower as well.
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Feb 28, 2023 | 09:46
5
Lots of nearly new pickups and semi trucks showing up for sale now, this will pick up steam and accelerate I think. Impending CEBA payback for money they don’t have for some as well.
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Feb 28, 2023 | 12:19
7
Originally Posted by TOM4CWB
California is one of the most productive agricultural regions in North America.
On top…The return of huge amounts of precipitation…. Is pumping rainfall right across North America.
Cheers
Nice moisture! 
Blessings
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Feb 28, 2023 | 12:50
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Lake Mead and Lake Powel levelsand inceased inflows expected from the Colorado river system?
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Feb 28, 2023 | 13:16
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Originally Posted by BTO780
There was so much hype where prices would go through the roof with the war in Ukraine, that hasn’t happened.
BTO.. I don’t know if that’s true. The Russian invasion just passed the one year anniversary. In that time farmers were able to sell some 2021 and 2022 cnl crop for $25/bu which is amazing. Sell cwrs at $12-15 and feed barley for $8-10. Some of that was due to covid/inflation, drought in western cad / globally and the Russian war.
High prices cure high prices and maybe the new norm will be $18 cnl and $10 cwrs?? Im guessing lower. For the people who have borrowed a whole bunch the past couple years, hopefully they have their house in order.
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Mar 1, 2023 | 02:44
10
A few years ago $14 canola and $7 wheat were damn good prices. There is a saying that the old top becomes the new bottom. Cross your fingers that that old top holds strong and becomes the new bottom. Some farms tied into high rents and shiny equipment, won’t survive when we get back to those prices.
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Mar 2, 2023 | 14:19
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Higher interest rates are having a gradual impact on the economy, especially on the housing sector. Credit distress is growing. As for ag, higher rates have been counterbalanced by firm commodity prices. Farmers are still largely able to afford new equipment despite skyrocketing prices for it. Manufacturers I have talked to say they still cannot keep up with demand. If the war in the Ukraine ended tomorrow, we would probably see a big drop in commodity prices, but it seems the war still has a long way to go.
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Mar 2, 2023 | 17:27
12
The Black Sea grain export agreement come up for renegotiating on March 18.
Russia will be blustering about not renewing it for the interm.
Might have some push on price.
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Mar 2, 2023 | 20:35
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Originally Posted by Austrian Economics
Higher interest rates are having a gradual impact on the economy, especially on the housing sector. Credit distress is growing. As for ag, higher rates have been counterbalanced by firm commodity prices. Farmers are still largely able to afford new equipment despite skyrocketing prices for it. Manufacturers I have talked to say they still cannot keep up with demand. If the war in the Ukraine ended tomorrow, we would probably see a big drop in commodity prices, but it seems the war still has a long way to go.
Agree , but production at manufacturers still way below long term , so kinda false positive.
Housing plummeting as we speak .
The under 35 crowd in deep trouble right now , inflation and interest rates crushing them and starting to hit the 40-60 crowd .
Consumer spending brakes getting applied big time right now .
Dodge trucks $15000 off with 1/2 interest rates offered …. Still not selling much .
Even GM lots filling up now , some pre sales but new are non existent unless cash . $110,000 for a truck at high interest rates is a fantastic way to lose money fast that the majority don’t have .
Disposable income in the middle class has evaporated the past 8 months
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Mar 6, 2023 | 14:46
14
Wheat 11.15. Canola 17.98. Today at local RP. Do we ride it out and hope for a spring rally.Starting to think maybe missed the boat , thoughts
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Mar 6, 2023 | 16:25
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Originally Posted by fcr
Wheat 11.15. Canola 17.98. Today at local RP. Do we ride it out and hope for a spring rally.Starting to think maybe missed the boat , thoughts
sold my canola. It's so hard to say. i feel like there is upside in the wheat b/c russia has been pumping out wheat and i feel like that's going to get disrupted at some point before new crop. March 18 being the next important date.
that said if everyone's fearful that's usually when most are selling, and soon it runs around...?? ? so hard to say.
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Mar 9, 2023 | 10:59
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Originally Posted by fcr
Wheat 11.15. Canola 17.98. Today at local RP. Do we ride it out and hope for a spring rally.Starting to think maybe missed the boat , thoughts
17.73 again today...10.68 wheat, RP
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Mar 9, 2023 | 21:28
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What a disaster the wheat market is. I’m not giving in and selling into this corrupt market. Wheat is so oversold and is need of a correction.
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Mar 10, 2023 | 08:20
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So is it any easier to grow wheat in the war zone this spring compared to last ? Don't seem to hear anything about that just the talk about emptying all these bottomless bins so it seems.
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Mar 10, 2023 | 08:34
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Interesting times!
Cheers
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Mar 10, 2023 | 08:46
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Snow over the next week:
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Mar 10, 2023 | 10:11
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Originally Posted by Old Cowzilla
So is it any easier to grow wheat in the war zone this spring compared to last ? Don't seem to hear anything about that just the talk about emptying all these bottomless bins so it seems.
I think the answer to that question, is that it is easier to grow wheat in a war zone than any other higher input higher maintenance crop. So they will grow wheat at the expense of every other crop.
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Mar 10, 2023 | 10:33
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Originally Posted by AlbertaFarmer5
I think the answer to that question, is that it is easier to grow wheat in a war zone than any other higher input higher maintenance crop. So they will grow wheat at the expense of every other crop.
Kinda makes me think I should sow the farm corner to corner to sunflowers .
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Mar 10, 2023 | 11:03
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Ukraine and Russia produce about 1/2 of world Sunflowers.
Friend of mine grows about 40 acres he sells for birdseed.
Can't seem to keep up bagging them.
There you go Sheepwheat.
Easy to work in on your direct market route.
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Mar 10, 2023 | 12:10
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Originally Posted by furrowtickler
We had a very good plot of sunflowers 🌻 last year .
Ran 12.5 tn when silaged
Silaging sunflowers? Was that the plan when they planted? I imagine with the oil in them they would be decent energy…….
Interesting…………..
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Mar 10, 2023 | 12:14
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Originally Posted by SmallTimeOperator
A few years ago $14 canola and $7 wheat were damn good prices. There is a saying that the old top becomes the new bottom. Cross your fingers that that old top holds strong and becomes the new bottom. Some farms tied into high rents and shiny equipment, won’t survive when we get back to those prices.
Will be there soon...way too much oilseeds on planet?
RP, Canola $17.32, Wheat $10.73
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Mar 10, 2023 | 12:27
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Originally Posted by woodland
Silaging sunflowers? Was that the plan when they planted? I imagine with the oil in them they would be decent energy…….
Interesting…………..
Was not the plan , but we silaged a big corn plot just across the road and had heard Sunnies had been silaged .
Should have feed it out right away , it was just put on top the corn silage . It froze and had to be peeled off.
Next time either feed before winter sets in , or silage first then put corn on top .
Moisture , protein and tonnage were very similar to corn .
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Mar 10, 2023 | 15:28
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Originally Posted by furrowtickler
Was not the plan , but we silaged a big corn plot just across the road and had heard Sunnies had been silaged .
Should have feed it out right away , it was just put on top the corn silage . It froze and had to be peeled off.
Next time either feed before winter sets in , or silage first then put corn on top .
Moisture , protein and tonnage were very similar to corn .
Not quite as sweet as corn thou best combine in November during jumper season never know what you will find in middle of sunny field.
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Mar 15, 2023 | 10:26
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Western Cdn Select (Alberta oil) plunging to $50 per barrel this week. Alberta budget based on $65 per barrel WCS oil?
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Mar 15, 2023 | 10:30
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Originally Posted by errolanderson
Western Cdn Select (Alberta oil) plunging to $50 per barrel this week. Alberta budget based on $65 per barrel WCS oil?
Industry players told me that 2022 was going to average $120.
Nuttall is still talking his book.
An awakening for those who like a good story.
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