USDA July Supply Demand

[SASKFARMER3]

Perfecto I have done quite well farming. It's home!
But yes property in Saskatoon and Regina has
done very well for me. My farm it's not forsale.

[Hopperbin]

I agree Sask. if ever the time comes to make a decision of sell or rent, rent it out. The family generations may get to use the profits a very long time.

[SASKFARMER3]

That's always been the plan if kids don't want to
farm. Always told neighbors and relatives some
day you might rent it. ( don't ps me off I have a
good long memory) kids can have income for a
long time. And always have mineral rights on
some.

[furrowtickler]

Agreed, once you sell out it's gone forever 90% of the time

[Hopperbin]

Just signed a lease agreement to BHP this morning on 3 quarters. And to think I purchased 2 of these quarters 8 years ago with 0 value put on the mineral rights. I remember the Lawyer telling me he must make the purchaser aware of the minerals. If I would have no interest the lawyer would likely owned them. Was told 97.5 percent of the minerals in the block they are mining is owned by crown, so lucky to have some or kept them. My father still owns 3 quarters with minerals but was one mile off their border and they did not accept them.

[SASKFARMER3]

Good going.

[furrowtickler]

Nice, good things do happen to good people. Smile, have a beer or two..

[oneoff]

There are darn few ag industry players who are on the side of farmers best financial interests.
I'll relay a story about a certain broker who is known to favor driving prices up.

In a frank conversation with a different leading industry competitor; it was acknowleged that this was indeed true; and that this "farmer's friend"and his limited influences did not have the approval of any of the industry as the way that the market prices should be determined.

Farmer's could do better with more such friends.

[BTO_farmall]

Exactly Jack Oneoff. Money Buys Friends, About That Simple Too............

[charliep]

Today will be an interesting day. Lots of traders may
chose to take profits/get out today so they are not
holding a position into the weekend. Wouldn't be
surprised to see the market lower at the end of today
with Monday price direction being driven by whatever
the forecast of the day is. Just a guess based on what
happens on a regular basis and will be proven right or
wrong this afternoon.

[errolanderson]

Charlie . . . looks like a 'risk on'
start to the day.

Bull side: U.S. weather, Italian bond
yields dropped slightly overnight,
better than expected British
manufacturing numbers, Malaysian palm
oil rebounded nearly 2% last nite.

Bear side: China GDP off again for the
6th straight quarter. Huge stockpiles of
coal building in China ports due to
their slowdown. U.S. CPI was well below
estimates (deflation), grains
technically heavily overbought and
susceptible to profit-taking.