Huge canola crop

[gregpet]

Canols basis back to $30 at LDM Yorkton. Must be the huge canola crop coming.

[commonsense]

Or the fact that only about 1% is harvested thus far.

[newguy]

Stats Canada predicts record production using acres times average yield. Flawed because of huge acres in non taditional areas that will not make average Sask yields.So production will not be what they are estimating.

[SASKFARMER3]

Out swatting we shoot for high 40 on normal year,
if it's 60 a bonus if 30 ok but when it's 20 its a shit
show.
First 2 fields shit show. Seed to mud it's a dud.
Fricking rain, f$&ks up another year.
Early seeded a shit show, seems any thing after
the 16 is ok not bonus but ok, any one who went
hard got it in has everything that mother nature
can think of in it. Spending big dollars on every
thing will hit the pocket very hard.

[Hopperbin]

40 on a normal year 60 is bonus and land prices were only 50,000 a few years ago. JD will sure be happy when you use that crop ins payment to purchase them new combines. OK I am kidding.

[ColevilleH2S]

SF3. "out swatting". Is that what you typed, of is that what your phone's auto correct typed?

I've noticed a lot of posts on the Combine forum lately with guys saying they are "Swatting". But around here it is called swathing, or the odd bloke will say windrowing, but never swatting.

???

[errolanderson]

Vancouver cash canola basis has weakened
of late. Believe about $35 over right
now, but then deduct freight, grain co
costs and margin and presto . . .

Local canola basis levels are weakening.
But Vancouver basis appears to improve
about $10/MT into late fall/early
winter.

Know nobody wants to hear this but, the
Asian palm oil market hit a 10-month low
this week. Canola oil on international
markets has to compete.

Errol

[SASKFARMER3]

Coelville your correct iPad auto correct. Swathing.

[checking]

You are one funny guy, SF3.(lol)

Now if I could just get you to type "lose", or "loser", instead of "loose", or "looser". Although your "ship" for "sh@%", I find classy.

Cheque(ing)!

[wd9]

Errol, when is the last time you had fries
fried in palm? Or poured palm on your
salad?

[gustgd]

I've covered much of northern Saskatchewan in
the last month going to wedding in Llyodminister
Weat freedom day in Kindersley and a funeral
yesterday in Carrot River.

FWIW I'll start with what's freshest in my mind.
Water is flowing in the ditches all along Hwy 5
from Wakaw to Tisdale and when you get to
Carrot River the water seems to be flowing from
slough to slough. More summerfallow than I've
seen in a longtime.Cousin showed me a pic
where I thought he had driven into a dugout. Crop
insurance fr the last month on 50% of acres. Guys
stopped spending money a month ago. Early
oats seem to be good??
We took a different route home through Nipawin
IMO crops looking much better there. I think they
are scathing to early, but they've been growing
canoa since it was ****seed so what do I know?

Rosetown to Kindersley is also "very wet" not like
Tisdale but wet for them. Lentils will be in tough
canola is Fubar. Again crop insurance will lose
money in Sk. Only guys that make money on CI
weren't putting anything into it anyways.

Davidson to North Battleford are best crops in my
travels. We have started harvest with fall rye. All
in 47 bpa with calibrated combines much better
than I expected. Early peas less than 45 but tis
was on a gravel pit sand pile. Started on the
Ptarmagin SWWW so far 67bpa I was hoping for
more, some spots going over 80. Durum is
looking good lentils look good canola is better
than average, yet scorotinia has taken a toll and
we won't know until combines roll.
I am bullish commodities but we have also been
selling to meet early commitments and cashing
up. $6.00 Rye at Belle Plaine pays bills. $8.00
peas in town off the combine little tough = no
headaches.

I think supply demand says hold it all but when
the Globe and mail is talking up commodities and
CBC is looking for comments, I see shades of
2008 rope ladder up and free fall down.
Oh well can't store it all anyways.
safe harvest all!

[hobbyfrmr]

I agree with GustG. The prices have profit in
them. Sell something. The shaky world
economics, or a few bushels yield over
expectations will dissolve prices real quick.
Industry just hates to pay farmers profitable
prices. It takes away from their profits and that
won't happen for long.
I am bullish but 21 years of farming has turned me
into a jaded, skeptical, small thinker. Exactly what
I said I would not be when I started!!!