Farmahoic I hear you. I just try to avoid anger and complaining, because all in all I am a pretty happy guy. But I am a young guy who is caught in the old fashioned times. Kinda in denial of it all. If this is the new normal, I am building 20 miles of fences...
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farmaholic, as canola has been creeping up, I have been watching happily. I am not a "has to be ten bucks kind of guy". I am happy with 9.80 or whatever. I historically price some crop for fall, then ride along and sell into what I would say are comfortable prices to meet cash flow needs.
I just have never had this issue where I can't even find a home for CANOLA of all things.
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A lot of wheat was dumped a $6 or less and Canola at $9.5 to $10 since mid Dec. The pressure of payments is trumping "control"
Elevators in drivers seat again till MAY/June/July time. Just look at basis levels. IMO take out cash advance and wait er out. When this flush of dumped grain is gone the cupboards will be closer to bare.
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Soft exports to China combined with substantial carry over and and farmer needs for cash over the next three months will keep canola supplies adequate until seeding time so this is not unexpected. Lots has been contracted in January the last few years to defer tax as well.
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Hope you find a delivery option Free wheat. I hear your frustration. You know I was thinking you have mentioned a couple times when you went to university. I think we were there at the same time actually. Might have been buds who knows.. I never finished the diploma was too flat broke to even buy ichiban by the end of year 2. So I ended up quitting.
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