Grain markets must be on crack....

[MarshallDillon]

Big down day today, and I won't turn a wheel until next week if it stops raining. Now they are saying maybe, just maybe, snow on Friday or something like that. Don't believe it, but man, it just doesn't give up. Then, I was told at 5:00pm that my house, which is high and dry will have water in it in 5 days because they are going to release a "controlled amount" of water into the Lasalle River. So tonight, after I paid my landlord 15K, we bust out a bottle of wine or two, and I used his phone to call up some buds to see if we could sandbag my house on Friday because I might want to seed next week.Then, my wife tells me that she is going to have a tooth pulled tommorow morning. And I still don't know where the sandbags are comming from. Ya know, at age 56, this sucks.

[hedgehog]

Do your landlords really expect you to pay rent for a swamp you cant seed? i thought that only happened in the old world.

[SASKFARMER3]

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[SASKFARMER3]

[SASKFARMER3]

[silverback]

Apparently the market the last couple of days says they don't need what can be grown over there, and they don't care that it is May 12 and there is a lot of seed waiting in the bin or bag in alberta too!

[charliep]

Yesterdays USDA report was an excuse but the market has been in
a slight down trend for a while. Mostly related to a economic
concerns and the declines in crude prices. Open interest and daily
trading volumes have been declining - less interest by the
funds/money flowing into commodities. Being long commodities
was a license to print money but that gravy train seems to have
stopped for the moment. May start again but many factors will
influence this.

Will be an interesting year. Seeding delays and potential crop that
won't get seeded here and the Dakotas. Late in the Midwest corn
areas. Dry in Northern Europe.

Will be a time of uncertainty and not pricing new if you are unsure
about what will be seeded in the next couple of weeks. If you are
able to get crop seeded, would still have price targets and
discipline to sell new crop when achieved. Options strategies are
likely a good tool to have in the tool box.

[hobbyfrmr]

SF3, Nothing will happen. I was a conventional farmer for 15 years and not matter how serious the dilema in Sask, nothing substantial would happen. They will find 40 billion bushels of corn in a quonset in China and the market will remain neutral. The industry does not like high prices, the more they pay the farmer, the less profit they have for themselves. That cant last for too long. These companies have salaries to pay, taxes, overhead, shareholders etc.

[charliep]

Ken Ball's (Union Security) thought from his newsletter this am.

Begin quote.

USDA REPORT = The report really did not contain any tremendously bearish information, and it was not the reason the grains and oilseeds saw pressure yesterday. Rather it was a combination of factors that were all negative, together they added up to liquidation of speculative long positions. The corn stats in the report were a bit negative, and they combined with a very strong USD, very weak crude oil, weak equity and metals markets, and also the perception that weather outlooks are at least getting moderately better overall, although much of the US mid-west still has quite a bit of precipitation in the outlooks.

End quote.

[Burbert]

Ya gotta pay the rent, er come to some
sort of an arrangement. Thats the way it
works, snivelling and whinning just
doesn't cut it. Reality

[sumdumguy]

Lentils catch up pretty fast, in 1986, we planted
eston lentils on June 19 - best crop ever. Lots of
good weather between Now and June.(20 days)

[sumdumguy]

Lentils catch up pretty fast, in 1986, we planted
eston lentils on June 19 - best crop ever. Lots of
good weather between Now and June.(20 days)

[dave4441]

I see Burbert's crack supply has not run out.

[dave4441]

Sorry to hear about your flooding issues MarshallDillion. That sucks.

[hedgehog]

muat have been the fallout from chernobyl made them grow so fast!
plenty fallout around this yr.