We have some action this morning,up 6.35%.
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Dont know if it helps anyone but weyburn inland terminal stayed open threw the holiday and is taking flax at 7 something dollars.
Hauling without lineups=awsome
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This same poor weather event with flax, in our area, occurred in fall 2004 to a more limited degree. I'd remember this a whole lot better if it had happened to us, but guys were snow combining flax in November and December. Only that time, the elevators had a program on buying tough-damp ice crystalled flax, 24 hour/day drying it, in addition to laying their hands on all they could of product that had come off before the weather event, for mixing. I'd be very surprised if that situation happens in 2009. From records, I see we sold flax late Feburary through late May, 2005 for $515.70 to $590.52/tonne. I'd be very surprised to see that situation happen in 2010.
Having said that, I think you might agree that the "flax out" people are on their own for getting it into some sort of store position, or really taking a beating at the elevator that sees an opportunistic advantage to dry it down to match a sale.
$7.00-$8.00/ bushel doesn't cut it for me at 20 bushels/acre. A .25% interest rate, if I sold it, bank deposited cheque doesn't cut it. My head spins at how many years it would take to double that plan. I'd rather sit on my dry, binned flax, and gamble on a turn around doubling it than give it away to an elevator company, or a bank.
Apparently, no elevator line ups sometimes, for some people, tops price. Apparantly, and I agree with you, there will be a whopper carry over. And definitely, I don't know about you, but the expression, "when pigs fly", comes to mind if the remaining trade believes that I'll be sowing flax next spring, or springs to come at those prices.
Seriously, how do you guys survive? It has to be on whopper yields that don't show up on stat reports.
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Why are you ASSuming i'm hauling flax checking.I was hauling 1 durum.
And no line ups still equals awesome.
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Just yanking your chain to see the light come on. I'm sorry.
I realize you determined that flax was a dead industry six years ago, so didn't bite on seeding 25% of your land base to it. That type of observance is impressive. Flax growers wish you would have kept posting those thoughts.
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