What else are you going to grow from Canola Buyer

[SASKFARMER3]

Funny yesterday at the Crop Production show in Saskatoon I had a chance to talk to lots of Buyers from different crushing plants. Same song from each.
Canola at 9.31 for a fall price will have lots and lots of acreage what else are you going to grow.
Ah peas at 8, just wait India is going to have a small crop. Lentils pay well. Durum any one who can grow decent and has a price locked in. Flax at 11.75 for fall isn't as high but is decent compared to Canola price, Oats at 2.90 is decent Malt at $5 is low but hey its close. Feed wheat yield vs quality. Yield wins.
So what are the two crops not to grow.
HRS and Canola both pay you shit all and cost you the most to grow.
Seed is way to high and they know it just hopping we fall for the trap one more year.
So to the What else are you going to grow you have to plant Canola in your rotation group. I think your going to be in for a surprise.

[SASKFARMER3]

Yes prices are down on other commodities but we are not getting paid a fair price for Canola or HRS in Canada.
Sorry a dollar at 84cents should give us way more than their offering.

[SASKFARMER3]

The Canadian dollar tumbled below the 84-cent mark today amid ever-sinking oil prices. And based on the latest forecasts, the Canadian currency is headed lower still, says the Globe and Mail.
“We see the core driver for CAD in the near-term as developments with oil prices and expect CAD to reach fresh lows this week,” said senior currency strategist Camilla Sutton of Bank of Nova Scotia, referring to the currency by its symbol. “We expect CAD to weaken further and for near-term traders are biased to be short CAD,” she added.
A new projection Monday from Nomura Securities predicts the loonie will sink to about 78.75 cents by the third quarter of the year, before picking up slightly to close out 2015.

So will farmers see any benefit from a low dollar next fall. My answer is NO!

[bigzee]

Talked to one canola company, seed sales are down 30% from last year. The funny thing he agreed seed price is out to lunch. With .25 red lentil contracts out there, who wants to grow a crop that's going to cost more to grow than the return will be.

[SASKFARMER3]

Bigzee Im getting the same feedback sales are down and down hard. Guys are sitting on fence or have made plans already. Yes lentil with a .25 cent contract gives guys way more than canola and no expensive seed.
The workers at the seed booths understand that but the higher ups have no clue.
When you price your self out of the market farmers vote with their drills. Sorry some upper managers might get pink slips come this time next year.
They screwed up this crop and should pay for their F$%Kups.

[SASKFARMER3]

Funny the other conclusion I have come up with is Farmers will make more money signing contracts for producer cars, Do malt with malt companies, do lentils and peas with processors, Flax with processors, oats with mills etc. Skip the parasites the Grain companies and you will profit in 2015. But if you deal with the Big four they will dominate and you will falter.
I think we finally can see who profited big time last year with ridiculous basis levels and Blame the railways mentality.

[bucket]

Sf3

Those managers will get hired by the cereal seed guys as soon as they start the same scheme for seed sales for wheat.

That is why there was such a push for wheat seed to follow the canola scheme. These guys needed something else to **** up and the government took it hook line and sinker.

[bigzee]

This seed rep lives beside a crushing plant, and used to work for an elevator. He told me from his experience an elevator is the worst place to be selling any product. They are bending everyone backwards and you can figure it out from there. I don't live by a crushing plant so my options are limited. I haven't sold and canola yet so I'm not in any pain yet. LOL

[SASKFARMER3]

I agree with the line companies screwing guys.
Crushers should step up to the plate but they are getting guys at the 9 so they don't care.
But the more people I talk to the more it starts to show one thing. Have a contract for feed wheat with pig barn, or ethanol plant or who ever get paid more less rules and easy to do. Dealing with line companies more and more are saying grading bullshit and then they dump into a #2 or #3 bin and call it feed.

[farmaholic]

Why would the Crushers pay more than they have to? That was my complaint last year when we had no export market because of rail logistics, they didn't have to compete. AND don't forget who owns some of them...Cargill, Richardson, Louis Dreyfus, ADM!!!! My god guys--vertical integration...

Charlie posted the COPA charts the other day. The "manufactured" margin is half what it was in June/July. As I said though a guide none-the-less...

Happy show touring guys.