You just have to Love the USDA!

[SASKFARMER3]

Well as BS reports go today we have
another one. Lots of every thing and not
a serious drought in SA plus lots of
Moisture in Ukraine and No the USA and
Western Canada are not dry.
So farming is booming all over the
place. Lots of supply and lower prices
yea what a wonderful world. Lets pay
$280,000. for land or give land
companies 85 dollars an acre rent and
then wonder why were not making
money.Over pay for Seed Fert and
Chemical and Equipment because they say
we have to.
Farming the only game in town where BS
is king.

[SASKFARMER3]

Canola out of the Gate is Going lower and
Lower yet who in their right mind actually
thinks its not dry in western Canada. Yes
one huge rain in April or early may will
give every one a chance but yet no talk of
NO SNOW COVER ANY WHERE EXCEPT Tisdale and
south a little area.

[bucket]

2010 was wet and the guys lucky enough to seed did well. Then the reserve moisture made a crop in 2011. The reserve is not there in our area so growing conditions are going to rely on perfectly timed rains.

[samhill]

The WASDE report says average U.S. oat farm gate at
$3-3.25. Cdn sourced oats at a premium to US, but
quotes here a much lower. Anyone getting bids at
$3.23 Cdn?

[freewheat]

Ahh heck, it will just give those who have been nailed lately a chance to catch up. We have a foot or more of snow now, stubble is full. Tisdale is an hour and a half north of me. lol

Regarding the USDA, and argentina rain, etc. what a joke! It would be just like it for me to start growing awesome crops again, but have canola at under 8 bucks, oats at 1.30. That is how it works for me!

Regardless, we have to take what we can. We can't all have 200 plus NET RETURNS per acre indefinitely. As you stated SF3, a lesson will be learned by the young aggressive punks, if and when prices really crash. I do not envy those who are building a farming operation based on a few lucky crops, and a few years of high prices. For them any crash will be very painful.

[cottonpicken]

Ya we really didn't need today to happen,we were just
getting repaired for a move to the upside.

[MoeAgostino]

Yes it is a painfully bearish report and the markets are being hammered down.

This January USDA WASDE and Crop Report is one of the major ones that farmers need to plan around, the last few years it has moved the market up and down hard.

[URL="http://www.markets.farms.com"] Check out the Grain Market Futures Prices by Clicking here.[/URL]

[lnewman]

Sask u made it back from your holiday already,? I
know it was a fast 2 weeks for me, The markets
should recover fast also , there isn't all that much
grain out there most farmers I know are 85% sold on
their Canola .

[SASKFARMER3]

2 week family Holliday with 5 families, large group
im gone to Kauai in feb and march. But markets
are way off today and yes the report really didn't
have much in it.

[MLamirandeRM]

For those who didn't see the numbers printed in the report...

Barley
Total acreage planted to barley in the US was left unchanged at 2.6 million acres, down 313,806 acres from 2010. Harvested acres and yield were also left unchanged at 2.2 million and 69.6bu/ac, respectively. Total production was reported at 156 million bushels, unchanged from last month and 24 million bushels lower than in 2010. Barley ending stocks were revised down from 55 million bushels to 45 million bushels due to an increase of 10 million bushels used for feed. The US average farm price for barley was lowered from $5.20-$5.80/bu in December's report to $5.15-$5.65/bu in the January report.

Oats
The US oats balance sheet was left unchanged from the December report. Both planted and harvested oat acreage in the US was left unchanged at 2.5 million and 900,000 acres respectively. Yield was left unchanged at 57.1bu/ac. Total production was reported at 54 million bushels, also unchanged from the December report. Oat ending stocks were unchanged at 47 million bushels. US average farm price for oats was adjusted from $3.20-$3.60/bu in the December report to $3.25-$3.55/bu in the January report.

Canola
Total planted canola and harvested acreage were left unchanged at 1.1 million acres and 1.0 million acres, respectively. The US national average yield was pegged at 1.65mt/ha. Total production was reported at 697,630mt, down significantly from 2010.

Pulses
Total planted US lentil acreage was reported at 428,000, lower than December's estimate of 448,000 and down from 658,000 in 2010. 411,000 acres were estimated to have been harvested, compared to the December projection of 434,000 acres and 634,000 in 2010. The US national average yield was pegged at 1.29mt/ha. Total production was reported at 214,640mt.

Dry Edible Bean planted acreage was reported at 1,205,900 acres, 800 acres more than the December report. This is down from 1,911,400 acres in 2010. Harvested acres in 2011 were pegged at 1,155,900 higher than last month’s estimate of 1,147,500 and compared to 1,842,700 in 2010. The national US average yield was reported at 1.92mt/ha (1,716cwt/ac).

Dry Edible Pea acreage was reported at 362,000 in 2011, down from last month's estimate of 366,000 and down significantly from 756,000 acres in 2010. Harvested acres were pegged at 342,800 acres, down from last month's projection of 349,800 and compared to 711,400 in 2010. The US national average was reported at 1.84mt/ha (1.641 cwt/ac vs. 1,542 cwt/ac last month and 1,999 cwt/ac last year).

Michelle Lamirande, Farms.com Risk Management