Morning Markets....

[cottonpicken]

I'll shoot Hopper.

The downturn that i was looking for has been short
and shallow.

We maybe in an accelerated decline
mode.(inflationary,good for grains)

The greek yields are showing us truth in the bond
market.

The new basket of currencies that are about replace
the usdx as reserve will be backed by also by gold
to the tune of 50%

This is true and being openly discussed at the all
the g levels.

The timeline of 2018 continues to move up.

Cashflow and obligations have to be met,but not
having any long positions is an act of insanity,imho.

[charliep]

Not much to be said.

Still lots of feed wheat around Alberta. The CWB has extended the crop year in many areas to get this product moved. See their year teleconferencs/presentation.

Ukraine, Russia and others blowing feed wheat out the door at cheap values to get product moved/cash flow generated. Black Sea values $225 to $265/tonne FOB.

Don't hear much out of the US but lower protein SRW/HRW will start to displace corn in rations.

Crop quality in western Canada will tell the real tale on western Canada. A good early jump prairies but Alberta needs lots of cooperation from Mother Nature. Having said, cereals turning quickly even here (from my 110 km/hr plus fly bys on the highway).

Optimist going ahead on feed grain prices in general. From your discription, I would be selling at least some to the ethanol plant given what you suggested - close by, no challenges or requirements storage, $5.10/bu, money in my pocket/bank.

Two bits from an economist. Will see what others say.

[Hopperbin]

Thanks for some insight guys. Expecting 60 bushel crop so 5.1 is good profit for me. Did spray for midge and rust so that was quite the expense. By the looks of the rust coming off the wild oats in the canola maybe the rust spraying was justified. Just wish could have hard red spring to sell into higher market but that is hind sight.
By the way things are ripenning up, she should all be number one grain around here. Unsure about oats quality weight.

[cottonpicken]

I may need a Tyler Durden moment.

I mean no disrespect.

You guys have absolutely no clue.

The part of your brain that allows you to rebuild an
engine,handicaps you from extrapolating into the
future on complex economic theories.

Neither is more valuable than the other,re-read
that.

Your kings and you don't even know it.At what time
in history was a man with thousands of acres able
to capitalize and exploit?-The question should be
when where they not?

You are now oligarchies.

[GreenValley]

Ask someone where those 4.95 come from and said don't know who offer. It just rumor. I just called Viterra and ask if heard like that and he wish it come true, lol anyway said right now 4.00/bus in Jan contract not bad for fall harvest.

Also heard there is possible other la nina coming this winter, meaning I feel sorry for Texas and southern States, who may face drought again in 2 years row which I hope they wrong.

[freewheat]

Exactly Fran. Exactly.

[furrowtickler]

Just made a deal today on all our w/wheat off board today. $5.40/bus and it's all gone cash money. Our w/wht low below 11 pro so no sense in waiting for a better price through the borg and only haul in 25%.

[TOM4CWB]

Fransisco,

I just LOVE how CWB VP of Sales Gord Flatten talks about how 'SMART' Allen, Cam, and Bill are in marketing grain.

This occurs from Minute 6 of Part 3 to Minute 8:&30sec. You can just move the 'progress button' loading from minute 6 and it starts in just a few seconds with Gord speaking! It is really cute!ould never differentiate between how smart these three CWB directors are!

I believe GORD!

GORD is right!

If these managers of the CWB sales... know this little about selling our grain... there is little wonder WHY we ALWAYS get the lowest price!

Think about it.

CO's 1. Allen, 2. Cam, and 3. Bill must not sell below their cost of sales if they operated in the REAL WORLD the rest of real grain marketers must operate in.

The only way these three could afford to dump and slash down $80/t to market clearing prices... is if each one of them had a 'Single buying desk' to take certain growers' grain WITHOUT them knowing what they were up to... or they would NEVER get permission to sell their grain!!!

If I were CWB VP of Sales Gord Flatten... I wouldn't expect any grain sales job offers any time soon!!!

This would be really funny... if it were not OUR grain... they were selling!!!

THE CWB admits to 1CWRS High Protein wheat... into the US... at a DISCOUNT of $80/mt... after the lower cost to transport domestic wheat to the domestic market?

ARE these guys for real???

[T.N.T.]

Had 50000 bushels of 38 pound barley finally found a buyer for it.P&H gave us $3.10 a bushel and they would take it all,we got 30000 bushels hauled and they told us to quit hauling.They got message from higher up telling them to quit buying last year barley,and just wait for new crop barley now.

[BTOfarmallll]

Furrow swimmin in The Money now, He a need some F***** Goggles. That is Thee Best Decision Yous have ever made in yer Life. Welcome to BTO's World, Yous all is just some Tourists!!!!!!!! Reality's a Bitch and I'ma Dance with Her!!!!!!!!!!!!