Market run....

[furrowtickler]

thanks broker, something to do with the thread topic - good points. I am not sure on old crop green peas though. How much of it is out there and what is happening in that current market?

[charliep]

Not to throw gasoline on the fire for anyone bullish but here is article that is interesting about the US situation.

[URL="http://www.agweb.com/get_article.aspx?pageid=157854&src=fscrn"]corn yields[/URL]

[ado089]

The other factor influencing yields is the fact that alot of land is too soft to spray. Personaly I don't think I've lost much more than 40ac around permanent water bodies from flat out flooding but there is probably close to 1000ac that's a role of the dice if I get through with the sprayer. That means alot of weeds and little crop if we can't get at it.

[furrowtickler]

Your right ado, early heavy weed prssure can hammer yields.

[haveapulse]

canola hit 750.00 in 1984

[highwayman]

In the words of Tatoo, " the plane boss, the plane".

[bucket]

Flax is triggereing at 9 bucks.

Too bad they didn't watch the weather a little sooner. And maybe listen to their customers.

Weber says 14 buck will be reasonable.

Exports are running ahead of last year and the crop was losing acres this spring. The carry out will be nothing.

Looking forward to 2011, if a guy can survive. 2010 is a write off.

[boarderbloke]

Larry, how much of this rally in JULY is short covering vs. demand(crusher or exporter). If this is a lot of short covering(50%), it could all come to an end in a hurry, no??? Thanks.

[charliep]

Will note the inverse on the July. Could also be threat of standing for delivery driven (maybe another way of saying short covering).

[boarderbloke]

yes, good point charliep

[Hopperbin]

China stole our flax this year, what are the odds of doing it 2 years running? I am sure they could think of some excuse to let us think they don't need it. They seem to be able to set up crushing plants faster than you can shake a stick.

[broker]

Furrow...doesn't seem to be too much supply of old crop green peas, but no demand either. Prices are $5 FOB for #1, 4.75 for 2's and $4.50 for max 5% bleach..based on Regina area

[bigsteve]

Hey guys,the end users are presently working with previously priced contracted product--wait till that runs out and then watch for a re-run of 2008-especially flax,oats.This may take more time then we would want but it will be worth the wait!One of my favorite sayings "Its just a matter of time"