StatsCan July 31 Stocks Report

[charliep]

For those that are interested, the July 31 stocks report. No big surprises.

[URL="http://www.statcan.gc.ca/daily-quotidien/140905/t140905c001-eng.htm"]July 31 stocks[/URL]

[Oliver88]

I still think the canola carryover is overblown at 2.36 MMT.
The initial error would be the 2013 yield number.
Just my opinion.

[charliep]

Because almost all canola is delivered into the commercial system, we will have an answer to your question someday. That crop year may be 2014/15. If exports and crush combined remain at 16 MMT, the inventory at the end of the current crop year will be significantly lower than this year. Everyone can play with their own 2014 canola production estimates and S&D.

[SASKFARMER3]

And that's how the market manipulates the farmer! Yea all is in system and two years after they FU$&ed us on price before oats crash the truth will come out!

[bucket]

This isn't rocket science.

A Walmart calculator could figure production and disappearance.

It's just plus and minus.

Shouldn't have 2 years to manipulate the data.

It's criminal.

[bucket]

Anyone that disagrees is just justifying their jobs and salaries that are a leeching off the government/ the rest of us.

[charliep]

That is an interesting comment. They are just numbers. At this point history. My main interest is the consumption side/disappearance side.

[bucket]

That's when you use the minus sign on the calculator.

[errolanderson]

Charlie . . . my personal take was this report was slightly bullish. A lot of these stock numbers were below trade estimate.

Maybe I have my head is screwed on backwards today.

The problem though is that world production gains make this Cdn report meaningless to prices.

[SASKFARMER3]

Errol don't worry about works supply next wed will fix that fast! Corn not even ready and late in USA and soy same! Ah nature evens out balance sheets! Also Australia has a bumper on way! Yea wait my 2032 looks mind blowing huge!
Basically canada had a railway shit show then add in the stupid farmer yapping about crops yields looking at the combine yield monitor with no calibration or even figuring dockage! Then the railways screwed ip more and the grain companies figured wow what a pay day everyone will blame the railways and we win! Ka Ching!
Shitty reporting that's so old the info is useless !