September WASDE

[furrowtickler]

I was told protein testers measure light reflection of the wheat kernels, is that right??
Kinda b/s way imo with so much money on the table like this year. The same sample can vary 1/2 pt from elevator to elevator - has for years, that's $.35 a bus right now !!!

[wmoebis]

Weight and measures only checks scales.
Protein machines are checked by each companies head office. As far as I know CGC does not check machines that the elevators use for buying. May do paper audit to see that they are checking, not sure. You would have to check with them. But I am sure nobody from the gov't physically does checks.

If you don't agree or think there is an error you can pay the CGC to do a protein test.

You should carry a check sample that has been checked against a CGC machines and ask to have it checked at elevator. That way you know how close they are, then make sure you are present when your truck sample is tested and read the machine yourself.

Just like watching bank teller count your cash.

[Tandem007]

Cgc checks them when they are on site grading forbtrains

[farmaholic]

I don't think the CGC is present any longer when the Inland Terminals are loading cars?

[makar]

cgc hasn't tested cars in Rycroft for fifteen years, not since the wheat pool days, I was told the graders at the coast would not accept the terminal grades.

[boarderbloke]

CGC can check the protein testers the day they're loading cars, but what stops anyone from pushing a couple buttons the next morning and recalibrating it to read lower till later in the week, when the CGC arrives again to load cars?

[Digger]

Dear Optimist, Pessimist and Realist,

While you guys were busy arguing over the glass of water, I drank it.

Sincerely,
the Opportunist

[charliep]

September WASDE

[URL="http://usda.gov/oce/commodity/wasde/latest.pdf"]Sept WASDE[/URL]

[boarderbloke]

Devastating report for western Canada.

Go to page 11, even durum pricing will suck.

Go to page 28, world ending bean
stocks, (2013)56.84mmt
(2014)66.91mmt
(2015)85.62mmt
Brazil with a projected increase of 3 million t of beans and Argentina another million t.

Nothing in the report specific to flax, canary or specialty pulses.

The only hope for high value crops might be No. 1 milling wheats with high protein.

This report REALLY SUCKS.

[boarderbloke]

Page 15, U.S. bean production up 549 million bus from last year.

2015 U.S. Bean ending stock up 345 million bus over 2014.

[charliep]

Still lots of assumptions in the report.

The area that needs to followed on canola is the world vegetable oil market.

Lots of red in the market going into the close. I have started to make looking at the charts my first activity. I note the comments on sticky figures elsewhere but there has to be a bottom here somewhere.

[charliep]

should be sticky fingers.

[fjlip]

X 2, that about sums up farming 2014.

[SASKFARMER3]

That's ok big USA grain companies make syrup to help your sticky fingers!
Now in reality were on a island that has Piss poor yields and piss poor quality
Every good news to help prices is met with the market dropping so basically were awash in grain!
Way to go farmers you did what they said couldn't happen! We can feed the world and now with below cost of production the world can eat cheap!
Want to bet the prices in the store won't drop a penny!
Ah what a great thing to do for a living!

[Richard5]

Everyone has their own right to make the decisions for their own farm.

I want my fertilizer applied this fall for a change so will be purchasing it shortly.

Even though the sky is always falling in your world, others don't always experience the same. It won't be the most profitable year in history for my farm however have had a number of good ones in the past allowing good equity growth