Canola Marketing Idea

[AdamSmith]

Charliep the bet is on. As I said before the last time that I didn't have any Canola it when to $12.00. I don't have any canola now(all written off and cut for feed, $170/acre crop insurance for a possible $400 crop, does that sound like 80% coverage to you) and I didn't have any Canola in 1984.

We'll have split pea soup and a roast beef sandwich because there both going to be rare commodities next year.

I think my reasoning has as much weight as all that there fancy talk that we get from you X pert analyst. Mind you, I do take all of you guys's comments into consideration when I'am making my red neck decisions.

Looking forward to having lunch with you. I'am real confident, its like taking candy from a kid. Maybe I'll have some cake and eat it too.

[TOM4CWB]

Kernel,

You are really a brave soul, but in this kind of market anything is possible...

but remember the hogs get slaughtered in this market... greedy people tend to get 50% on the dollar... like on the stock market...

The sad part is that this weather is destroying our ability to be a reliable supplier, and we will pay a heavy price for this in the future...

[charliep]

You are on for beef and split pea soup. The only question is who pays.

Just to note Chaffmeisters and Tom4cwb comments. This fall will be interesting in that there are export sales on the books that have been covered by producer DDC contracts this spring. Drought means that many of the farmers who signed these contracts don't have crop. The ships will still be arriving this fall. This could create an explosive price situation as everyone scrambles to get supplies. It will get interesting.

A comment for anyone who has signed a DDC/has a crop wreck and has not yet gotten out. Use the current dips in prices during early August to get out - too much risk going into Sept./Oct.