Test Bad day in grain markets Test

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Bad day in grain markets

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May 30, 2023 | 15:13 1 That ended poorly, yikes 😳 Reply With Quote
  • 1 Like

    LEP

  • Landdownunder's Avatar May 30, 2023 | 15:50 2 carnage a better word.

    dont feel so nervous now with foward sales in place thus far Reply With Quote
    May 30, 2023 | 16:13 3 Just waiting for the market analysts to say "told you so", or " you should be 110% sold by now at the highs a few months ago". All I have to say to that is STFU. From my short memory I am definitely money ahead compared to most analysts, especially after the past few years. Reply With Quote
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  • May 30, 2023 | 16:18 4 Got a text for new crop canola in the 13’s. Have a feeling SCIC is going to have to hire a lot of auditors this year for people harvesting their $18 coverage. Reply With Quote
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  • May 30, 2023 | 17:05 5 Big boy jets are heading to Ukraine when they start using them oil may go up fast Reply With Quote
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  • May 30, 2023 | 18:55 6
    Quote Originally Posted by JoeyJeremiah View Post
    Just waiting for the market analysts to say "told you so", or " you should be 110% sold by now at the highs a few months ago". All I have to say to that is STFU. From my short memory I am definitely money ahead compared to most analysts, especially after the past few years.
    AUSTRALIA: Mallee's area today: $537.67 Canadian delivered
    EU ****seed futures in Canadian $ today = $560.75
    ADM Lloyd today: $683.20 Canadian delivered

    Carry on JJ Reply With Quote
    Landdownunder's Avatar May 31, 2023 | 03:00 7
    Quote Originally Posted by LWeber View Post
    AUSTRALIA: Mallee's area today: $537.67 Canadian delivered
    EU ****seed futures in Canadian $ today = $560.75
    ADM Lloyd today: $683.20 Canadian delivered

    Carry on JJ
    latest prices few hours old.


    CloudBreak Pricing
    *PORT ZONE*
    - - - - - - - - - - - - - -
    2223 ADE /PTL
    APW1 -2 373 / -5 363
    Basis (+19.2c) 70.92c / (+13.9c) 53.18c
    H1 = 445 / -7 398
    H2 -2 385 / -7 368
    AUH2 -2 363 / -3 347.5
    ASW1 = 370 / -5 355
    AGP1 -3 363 / -5 351
    SFW1 -4 362 / -5 350
    FED1 -15 285 / -
    BAR1 = 285 / -4 304.75
    BAR1 ISCC -3 276 / -4 306.75
    SP1 -3 287 / -4 344.75
    MAXI1 -3 287 / -4 344.75
    CM1 -3 287 / -
    COMD1 -5 280 / -
    SP1 ISCC -3 292 / -4 346.75
    PL1 ISCC -3 292 / -4 361.75
    CAN +20 620 / -25 585.25
    CAN GM +25 600 / -
    - - - - - - - - - - - - - -
    2324 ADE /PTL
    APWMG -4 390 / -10 370
    Basis (+12.7c) 70.53c / (+11c) 52.68c
    BAR1MG -7 295 / -
    CAN -20 605 / -25 620
    CAN GM -10 575 / -
    - - - - - - - - - - - - - - Reply With Quote
    Landdownunder's Avatar May 31, 2023 | 03:03 8 pretty darn close larry $548 canadian or my maths wrong? canola

    my old crop done and dusted.

    focus on new crop nov/dec delivery Reply With Quote
    Landdownunder's Avatar May 31, 2023 | 03:10 9 Alot of you guys seem to have love hate relationship with analysts multi nationals and at times end users.

    All needed for fluent functional market.

    Not much if any "all traders are basterds" talk in australia only by the 1%er bad ass single deskers Reply With Quote
  • 1 Like


  • May 31, 2023 | 04:52 10
    Quote Originally Posted by Landdownunder View Post
    pretty darn close larry $548 canadian or my maths wrong? canola

    my old crop done and dusted.

    focus on new crop nov/dec delivery
    I used AWBs posted price Mallee.. Reply With Quote
    Landdownunder's Avatar May 31, 2023 | 07:18 11
    Quote Originally Posted by LWeber View Post
    I used AWBs posted price Mallee..
    no worries larry thanks for input/interest Reply With Quote
    Jul 19, 2023 | 21:32 12
    Quote Originally Posted by LWeber View Post
    AUSTRALIA: Mallee's area today: $537.67 Canadian delivered
    EU ****seed futures in Canadian $ today = $560.75
    ADM Lloyd today: $683.20 Canadian delivered

    Carry on JJ
    How's it going LW, are we above where you told people to sell yet. Is today the day, or tomorrow. If I had a crop coming I'd certainly be rewarding the market now. Carry on LW. Reply With Quote
    Jul 20, 2023 | 06:06 13
    Quote Originally Posted by JoeyJeremiah View Post
    How's it going LW, are we above where you told people to sell yet. Is today the day, or tomorrow. If I had a crop coming I'd certainly be rewarding the market now. Carry on LW.
    Best overnight email

    Tell JoeyJerimiah to go f/u/c/k his signature hat.... Any fool can determine if a choice is correct after the fact, I can't recall you ever giving outright marketing advice. You may provide the facts, but Its ultimately up to me to decide.

    __________________________________________________

    You little gutless nameless boy JJ Reply With Quote
  • 1 Like


  • Jul 20, 2023 | 06:09 14 Definition of : Rewarding the market ? Geez, it would be nice if people didn’t talk in riddles. Say what you mean and mean what you say, please. Reply With Quote
    Jul 20, 2023 | 06:41 15
    Quote Originally Posted by LWeber View Post
    Best overnight email

    Tell JoeyJerimiah to go f/u/c/k his signature hat.... Any fool can determine if a choice is correct after the fact, I can't recall you ever giving outright marketing advice. You may provide the facts, but Its ultimately up to me to decide.

    __________________________________________________

    You little gutless nameless boy JJ
    Maybe I should start a newsletter and just cut and paste others work and call it a day, then complain about how much work I do. I value you for your advocacy, but you are kind of going squirrelly. And this never did start as an attack on an old poof, you just took it personally, so it must of hit the target. Reply With Quote
    Jul 20, 2023 | 06:54 16
    Quote Originally Posted by JoeyJeremiah View Post
    Maybe I should start a newsletter and just cut and paste others work and call it a day, then complain about how much work I do. I value you for your advocacy, but you are kind of going squirrelly. And this never did start as an attack on an old poof, you just took it personally, so it must of hit the target.
    LOL...carry on JJ
    someone else took it personally; After years of dealing with left wing lunatics; i have thicker skin than that Reply With Quote
    Jul 20, 2023 | 08:03 17
    Quote Originally Posted by JoeyJeremiah View Post
    Maybe I should start a newsletter and just cut and paste others work and call it a day, then complain about how much work I do. I value you for your advocacy, but you are kind of going squirrelly. And this never did start as an attack on an old poof, you just took it personally, so it must of hit the target.
    Why don’t you start one , I’m sure it’s easy *
    Especially if you knew a major drought was coming , that info would of been pricelesss
    I sure wished I would of took larry’s advice in the early winter l would of saved 2-3 months of stress
    You do realize lots of canola was sold a while back for $15-17 ? .
    Last edited by caseih; Jul 20, 2023 at 08:13.
    Reply With Quote
    Jul 20, 2023 | 08:16 18 Durum prices fell overnight locally … guess harvest pressure is in full gear. Maybe there were lots of forward contracts signed up yesterday.

    How do you spell D I S A S T E R Reply With Quote
    jazz's Avatar Jul 20, 2023 | 08:20 19 I have learned that nobody nails marketing perfectly. And markets are more than just weather, or carry out or supply demand.

    They are also money sloshing around looking for temporary homes to hide or capitalize.

    But the one trick that works for me is any crop I hold over, I am prepared to hold until June July because thats when the most uncertainty is and usually a price premium in many crops.

    We sold out the last of our canola. Up $2/bu in a month, you take it. Reply With Quote
    blackpowder's Avatar Jul 20, 2023 | 08:39 20 I've just realized something.
    I could be wrong but.
    I think I might be at least as smart as any consultant I've talked to in 40 years. But I'm not doing their job. I do mine. I'm still here. Most of them aren't.
    I just like information, I can filter the opinion.
    Also, more and more things start to sound familiar. Messages and concepts.
    JJ sounds either too young to get this, or is just naturally bitter like CC, or maybe.... Reply With Quote
    Jul 20, 2023 | 08:59 21 Personally, I am grateful to anyone who is willing to throw out marketing advice or projections.
    It's easy to be Monday morning quarterback, it's a lot harder to put your neck on the line and offer possible future scenarios. All done on the public forum for everyone to see and do be remembered for all eternity.
    I'm especially grateful to those who don't hide behind anonymity using their actual names and putting their actual reputations up.

    And on that subject, I should go and revisit the prediction I made of the markets bottoming somewhat prematurely this spring. Reply With Quote
    Jul 20, 2023 | 10:00 22 Replacing hailed out site glasses in grain bins this morn from last year hopefully we will need them this year ! Reply With Quote
    Jul 20, 2023 | 10:06 23 And I should add that I reserve the right to disregard all marketing opinions which run counter to my own personal preconceived notions. And do wholeheartedly endorse those opinions which confirm what I want to hear.
    Best advice in the world is useless if I don't listen to it or act upon it. Reply With Quote
  • 2 Likes


  • Jul 20, 2023 | 20:58 24
    Quote Originally Posted by AlbertaFarmer5 View Post

    And on that subject, I should go and revisit the prediction I made of the markets bottoming somewhat prematurely this spring.
    On March 24, I wrote:
    After all of the drama that occurred this week, here's what happened to my local prices. CPS wheat up 18 cents since last friday, canola down 16 cents. I guess the world didn't end after all.
    I'll go out on a limb and say we've seen the Lows for the year, or at the very least it won't spend very much time below those levels.
    At some point, the fundamentals of grains will prevail over the fear of an economic meltdown.
    Anything, the fundamentals are more bullish now than they were in March of last year when the market was pricing in the worst possible case scenario, which didn't play out fast enough to keep the bullish story going.


    Looks like I'd better not quit my day job to get into the market prediction business. I did go back and find my prediction about the market bottoming on March 24th. Looks like the canola futures ( front month) did spend 27 trading days below the closing price on the 24th. Currently $100/tonne higher than that day. Reply With Quote
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  • fcr
    Aug 1, 2023 | 13:13 25 Durum price is 4 bucks more a bushel than spring wheat today at our local terminal. That’s 160 or more an acre in our area this year .Might be time to quit spring wheat if the crooks don’t want to pay us what it’s worth to grow. Reply With Quote
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