And the Slaughter continues!

[charliep]

A new world with the Camrose crushing plant pushing potential domestic crush capacity to over 8 and likely over 8.5 MMT including the improvements in other plants.

A weird comment that the best canola prices have come in the years of large supplies when product was consistently delivered to the market over the entire year and the system was effectively vacuumed clean by sales activities. The worst years were ones with tighter supplies when slow deliveries limited what could be sold and carryovers were larger than expected.

The decision to sell or not sell is an individual manager decision and as has been communicated on Agriville, varies farm to farm. To get me excited about canola, I would like to see something better than 51 cent per pound soybean oil futures.

[gregpet]

Wow, from zero peas to 1300 ac now. Better wait since I'm sure your plans will change a few times from now till spring and we will all hear about it. Oh and how lazy I was for not planting early into mud like you decided to do. Now I reap the rewards of my laziness of my management decision not to plant into mud no matter how late it got.

[farmaholic]

Thinking out loud, thinking out loud opens your thoughts to criticism.

[SASKFARMER3]

That's the point. Why do we need to feed the pigs,
grow a 25 bushel canola crop and let them starve.
Simple. Every time the industry sees us have a
profit they take their share and then some. Look
at iron canola seed, spray, fert etc. all would love
to increase prices by double yet were suppose to
do all the work take all the risks then live on the
scraps.

[TOM4CWB]

SF3,

Your so called 'scraps' are huge wealth... you are better than 99.9 percent of others on this planet!

Take a happy pill and have a good sleep!

By the way... just how much wealth would it take... till you were satisfied and could share your contented feelings with us?

[cottonpicken]

Well,what we need to do now is start thinking like
professional traders.

The only question worth thinking about is-"what is
floor".

I read a quote a long,long time ago from a very old
anonymous trader who said "after a while the
corrections arnt that bad,you get to see the floor
price"

Anybody at the toon town rb auction,any deals on the
semi's?

[Livewire]

Tend to agree with sf3. We farmers have the food
People need 2 eat. Crushers need canola.
Futures fell 6.30 a tonne but adm Lloyd price went
up 4 cents per bus. They need our hurricane and
diseased reduced crop. We have more power
than anyone realizes if we lock the bin doors and
don't give it away. Anything below 15 a bus is a
slap in the face. Time to make up for all the
product we have all sold for a lot less

[SASKFARMER3]

Tom I am content, I like when all farmers get
ahead, farmers should be head of the food chain
instead of bottom feeders. But it's thanks giving
and I am thankfully that I didn't get it all seeded
before the may longweekend, very thankful. Plus
it's drying up oh so nice that were getting acres
back ever day it's dry. Most fields are almost full
quarters again. 2013 is looking great.

[cottonpicken]

Working off beans,

17.89 sept 4th-15.04low overnight=15.8% decline

Depending on your risk tolerance and financial
commitments in the next 3 months i wouldn't bug
anyone for making sales this day,although i see a
small retrace to 15.50 in the very very short term.

[countryguy]

Congratulations SF3 and Livewire. Nice to see more farmers finally figuring it out.

[burnt]

One thing that most learn when they are in this business long enough is that the market pays what it bloody well feels like paying and does not give a rat's pattooey what my emotionally erratic state of mind "feels" it should pay me.

They feed the bulls and they feed the bears, but they always slaughter the hogs.

[samhill]

I would disagree that the market doesn't care. The
market always has a downside or bearish bias. Bull
runs are less frequent, but sometimes fundamentals
rule. Even then, traders know that there will be
pullbacks. Likely less that 2% of the population wants
the market to go up. Of course, strictly speaking of
grains, not all commodities, not all markets.