As I read my morning paper and emails the USA will have 150 mt of soy left at end of year. At the rate their shipping it will be less than that. Also no cancelations that has been rumored since the New year. Also pictures were fast and furious out of Brazil about harvest how nice the crop looked now it is pictures of piss poor fields and drought in #3 state for soy and Argentina will be dry. Both dry for two weeks. Hm major time not to be dry. USDA dropped Argentina yield and brazil up a hair.
So here is what's bugging me Canola is trading at a discount all over the place, Our shipping wows in Canada are being talked about and mentioned in the same context as Ukraine shipping delays. or Brazils muddy roads and trucks. Yet here were suppose to sit by and take it.
So is the real problem Canada since our product and we have a bit is such a cheap commodity to be bought is it bringing down the price of other crops world wide. Yes were told us little piss ant country doesn't matter but seems maybe we do. Is it the USDA playing games.
Finding prices a year out don't look good for canola and sadly I was told by a trader that if we grow the same or similar Canola crop in 2014 it will have a 300 mt with it.
Shit most are using 40 to 50 for their budgets for 2014 so that price today and volume it still makes cash flow. But in reality if a 25 bushel crop or less happened it would be so far in the crapper with no help from crop insurance.
I don't know but seems Canola and all are crops are helping keep prices low.
So here is what's bugging me Canola is trading at a discount all over the place, Our shipping wows in Canada are being talked about and mentioned in the same context as Ukraine shipping delays. or Brazils muddy roads and trucks. Yet here were suppose to sit by and take it.
So is the real problem Canada since our product and we have a bit is such a cheap commodity to be bought is it bringing down the price of other crops world wide. Yes were told us little piss ant country doesn't matter but seems maybe we do. Is it the USDA playing games.
Finding prices a year out don't look good for canola and sadly I was told by a trader that if we grow the same or similar Canola crop in 2014 it will have a 300 mt with it.
Shit most are using 40 to 50 for their budgets for 2014 so that price today and volume it still makes cash flow. But in reality if a 25 bushel crop or less happened it would be so far in the crapper with no help from crop insurance.
I don't know but seems Canola and all are crops are helping keep prices low.