Australia now has Issues!

[SASKFARMER3]

Well it seems that Australia might now
only produce 9 mt of wheat instead of
15. Gee markets don't care. China is on
a holiday so markets nose dive.
Australia had frost in Sept a few times.
So is their canola able to take frosts
maybe we should breed some into the Canadian canola if that's the case at
least that would make it have some
value.
Mallee how is it down under.

[LWeber]

In Egypt's FOB offers overnight - Russian wheat is now $16.00 <b> OVER </b> US Gulf SRW...

[SASKFARMER3]

Yea were now cheaper than Russia. Love the
speculators. Just love them.

[errolanderson]

You can thank the speculators for the
summer rally. They are the drivers of
bull markets. Their buying power pushes
grain prices far beyond their true
fundamental value in short spurts
offering growers fabulous pricing
opportunities

Without speculators, your farm marketing
opportunities would have never been this
great.

Count your lucky stars or don't . . . .



Errol

[boarderbloke]

SF3,,, you have to ride those speculators just like a surfer rides a wave. There's a time to get on board and go for a ride, and when it's over, it's time to get off. It's great while your riding them, just don't stay on too long and go for the "wipe-out".
Spec's give us waves, and waves are opportunities.(up or down)

[mbratrud]

Yes Speculators are our friends. Even a bull has to take a rest. Bad news for those needing to generate cashflow before the new year. Spring is going to be interesting though, I don't think the demand destruction has been significant enough in Canola to avoid major challenges in the balance sheet come early summer. Canola Acreage growth has peaked in my opinion, and ending stocks are going to be squeaky. should start seeing some better basis levels soon.

[Kodiak]

LWeber. What does this translate into landed in Egypt? What are EU prices landed there?

[malleefarmer]

i know my yeilds are low comapared to
candian yields but our costs of growing
canola so so much lower.
but we had a 200 ha paddock expected to
go 1 t/ha seems its been zeroed out with
frost.
My other 500 ha is untouched due to
topography, its not only frost ongoing
dry our last decent fall was august 13th
some areas got some rain last weekend in
nsw. the combine forum has a post yield
prospects australia which has some info

[malleefarmer]

as harsh as it is errol is correct higher
highs and lower lows

wheat peaked out here at 323 port basis i
got some action at 293 302 316 and 318
wheat dipped below $300 this week a mad
rush by those who had no sales but has
moved back up above $300 again

strange animals farmers at times