[URL="http://www.statcan.gc.ca/pub/22-002-x/22-002-x2012005-eng.pdf"]Summer estimate[/URL]
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Personally feel they are close on most commodities other than canola and barley. Going by yield reports through out the prarie (meaning other than on here), i think a 32 bushel yield is no where in the cards today and think is probably in the 28 to 30 range. There just are not enough really good areas that are going to make up for the poor ones, and there sure are a lot of poor ones. Barley i would say is in the 8.5 to 9 range. All wheat are probably still on the low side i think. I would say the pea number today could be low, but sound like has progress north yeild will be lower than what has come off already. Sound like Rosetown/Milden/Outlooks/Elrose is a disaster (and please correct me if the area is bigger than that.
I would also question some Stats Can acres. Say we had 14 million unseeded last year, 4 this year, and stats can is saying 8 more seed this year, what is in those other 2 million "missing" acres??????? Is there a extra 1 million of canola they are missing Canola???????
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I find the markets response to the StatsCan canola numbers interesting today in that both soyoil and canola up in spite of slightly lower soybean. The number wasn't negative (maybe irrelevant) with many expecting something slightly higher. Will let everyone have the shot at whether StatCan (best information at a point in time) is accurate or whether more likely in the 14.2 to 14.6 MMT range (numbers suggested here).
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