Lots of talk but thought I could post the link. Worth reviewing.
[URL="http://www.cwb.ca/public/en/newsroom/releases/2010/061110.jsp#info"]CWB weather briefing[/URL]
Will take the heat but will have an impact on our customer base.
Crops that are export oriented and Canada has the major market share - pulses, durum, flaxseed, canary. Will need to be watched. Not likely to react during the summer but will be interesting in the fall.
Crops that are export oriented but Canada is a minor player. Will offend but wheat excluding durum is the best example. Large world wheat crop will trump what is happening in Canada.
Crops that have a close to 50 50 split on export and domestic. Canola is the best example. Core demand side is 10 MMT (6 MMT domestic crush, 2 MMT Japan, somewhat less guaranteed - 2 MMT N. America). Will have positive impact market but need to have higher price motivation in international vegetable oil prices. Europe and how deals with supplying biodiesel mandates will be something that needs to be followed as well as China/blackleg policy.
Domestic markets mainly. The feed grain side is as scary as anything. More likelihood of lower quality this fall given lateness but will be extremely tight given the forecast on barley. Also scary to be a domestic malter. Look for another year of large US corn and distiller grain imports. Will be a challenge for the livestock industry was looking at light at the end of the tunnel. Unfortunately this time another freight train.
[URL="http://www.cwb.ca/public/en/newsroom/releases/2010/061110.jsp#info"]CWB weather briefing[/URL]
Will take the heat but will have an impact on our customer base.
Crops that are export oriented and Canada has the major market share - pulses, durum, flaxseed, canary. Will need to be watched. Not likely to react during the summer but will be interesting in the fall.
Crops that are export oriented but Canada is a minor player. Will offend but wheat excluding durum is the best example. Large world wheat crop will trump what is happening in Canada.
Crops that have a close to 50 50 split on export and domestic. Canola is the best example. Core demand side is 10 MMT (6 MMT domestic crush, 2 MMT Japan, somewhat less guaranteed - 2 MMT N. America). Will have positive impact market but need to have higher price motivation in international vegetable oil prices. Europe and how deals with supplying biodiesel mandates will be something that needs to be followed as well as China/blackleg policy.
Domestic markets mainly. The feed grain side is as scary as anything. More likelihood of lower quality this fall given lateness but will be extremely tight given the forecast on barley. Also scary to be a domestic malter. Look for another year of large US corn and distiller grain imports. Will be a challenge for the livestock industry was looking at light at the end of the tunnel. Unfortunately this time another freight train.
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