Bullish thoughts video for USDA report tomorrow

[jamesb]

Here's a link for a video on thoughts where we could go in the road ahead. I found it interesting.

https://www.youtube.com/watch?v=bYDEQMDpvFI&feature=player_embedded

[burnt]

Insane numbers at the end! Lotsa starving people if that should ever happen.

[Horse]

Out here in the hinterlandsa of Alta there is a lot less cows and I dont see them coming back. To much work and the population is to old.
With the switch to chemical farming and larger machines and cheap rent on acount of a lot of us are not ready to sell so we take low rent so we dont have to make that big decision and the facilities start to fall apart, but when the sale sigh goes up and the renters have to shell out big bucks to keep enough acres to keep him and monsanto and sherit and J D all eating it will be interesting .

[wd9]

Best thing you can be this year is zero
percent pre-sold. Go ahead, convince me
otherwise.

[mcfarms]

Depends what you presold it for

[wd9]

Won't hold a candle to what we're gonna
see this year coming up.

[errolanderson]

With farmers and traders so incredibly bullish . . . an old saying may have some meaning over the next few days.

expect the unexpected . . . .

Errol

[smcgrath76]

It will be interesting the next while.
Those who can add weight at a lower cost
may benefit in the marketplace come
spring. There will be a lot of
cows/early weaned calves driven out of
the US herd this fall. That may play to
drive down calf prices here when
combined with the cost of feed and a
high $. Long term I see the US
reduction resulting in a stronger demand
for replacements, but it might hold off
a year or two longer than planned.
I don't think we will see the euphoria
of last fall, and there may even be some
buys on cows coming up.

[15444]

Most are short of feed around here. Lots being bought and sold. This year will clean up any old hay left over from other years. Guys are looking at the 20 poor quality bales put up and left at the edge of the back forty field, 4 years ago, and drooling.

Yearlings are on the verge of moving in big numbers. Lots of people hauling water (including me) and they are sick of it. Pastures are decimated in most places. Reps from one of the major yards in Manitoba are running around here with their trucks. "Not enough cattle left in Manitoba to carry the yards through anymore".

Anybody who bought feeders this spring is hoping to break-even, I think most have written off any profit.

Lots of older guys slowing down and can see a lot of land up for rent in the next 2-3 years. Already had one guy tell me to buy his cows and rent his land. I am short of feed this year so no more cows, but will keep it in mind. I can think of two other producers who will likely ask me the same in the next few years.

Hay land is being rolled over for corn and soybeans.

[mcfarms]

What unexpected/ like your going to admit you've been in the wrong camp Mr Bear? Numbers are out take a look.

[charliep]

[URL="http://www.usda.gov/oce/commodity/wasde/latest.pdf"]August 2012[/URL]

[mcfarms]

Charlie

Is it a bad thing when you wake up like a kid on Christmas before a USDA report without an alarm clock ?
I think I need to take that pill I was told to take a month or so ago watching these markets gyrate lately I think that pill will be gravol.
Alberta is sitting on a pretty dang nice crop and it is truley nerve racking to be watching this market bounce around at these highs when trying to hold to a rule of not selling more than 10 percent of any one crop until it is safe in the bin and grades are known.
Wheat may trade lower around this report though as its numbers are a little bearish though corn will support its use in the lower grades for feed replacement.

[errolanderson]

mcfarms . . . . took a look at USDA

corn . . . neutral. ending stocks right
in-line. big cut in production and big
cut in demand.

soybeans . . . neutral ending stocks
right in-line. big cut in production and
big cut in demand.

wheat . . . slightly bearish.

expect the unexpected mc

[mcfarms]

Grrr Mr. Bear Grrrr
You do know the usda will be counting the already harvested corn in this report that will pad the numbers, I have to admit the ethanol thing worries me but with the election and Obamas support for ethanol would be surprised to see a big change there until after the vote.

[mcfarms]

Though sh*& errr stuff do happen....
no matter what prices seem well supported now at attractive levels at least until focus changes to SA production. So lets "Get er done"