Had a Chat with Canola council of Canada Yesterday in Brandon!

[farmaholic]

SF3, how the hell do you expect them to keep a $10.00 ceiling on canola prices? Everytime there is a move higher in futures they widen their basis to hold the price somewhere under $10.00. Then everyone's magic number is always $10.00 only attainable using GPOs or TPAs!!!!!!! Fricking brilliant says Dr. Evil from the Graincos ***** shagging me.

LOL... (insert Dr. Evil's sinister laugh)

[farmaholic]

.......or as Hopper pointed out, flip a month ahead and pocket the spread.

[vvalk]

sold canola this morning into lethbridge for march delivery at $10.32.
will probably going higher yet
if your mad about basis, lock it in and take that out of the equation. Then if futures go up, you get it all.

[farmaholic]

I hear you vvalk, I fully understand your point. But, how many delivery options do you have once you've "sigh"ned that basis contract? Or do you really only have one viable option before the possible gain gets eaten up by the distance(freight) to the next option?

[Hopperbin]

Farmaholic I think its eat the spread.

[farmaholic]

Ooooookay......

[MBgrower]

Canola council just like another level of government, self serving bureaucrats protecting and padding high paid salaries with little work to do, other than collecting farmer check off dollars.. The graincos sell and market and crush my canola. The seed cos develop seed and improve genetics. Too many hands in the pot, time to close the doors at that joint.

[Hamloc]

Charlie the last western producer had an article on costs of production of all crops. Canola was 290 an acre with land cost at 50 dollars an acre and no labor or machinery costs. In my area land costs would be more realistically 75 so with all costs included cost per acre would be closer to 360. My average yield on canola is 44 bushels per acre, going to have to have a good year to make money on canola. Malt barley,CPS wheat and yellow peas look better with lower input cost.
When the canola council said 2 year rotations were acceptable it was obvious they had lost their way.

[charliep]

Just to highlight, the decision about what to grown is something every farm manager does. Most farmers I know are very aware of the impact and risk factors around a canola wheat canola wheat rotation. Perhaps the point is to warm up a calculator and work the numbers for your business.

[SASKFARMER3]

Charlie do you get a check from Some crush plant or canola council.
Why not admit they screwed up canola. A once profitable fun great crop to grow now has profit for one group in a huge way and one its break even or loose money for the other.
Guess which one farmers are.
Seed costs are way to high and were not being paid a fair price for the product when we dump it into the pit.
Bottom line you keep F$%King the Primary producer all of a sudden crushing plants have no product to put through them and no seed sales. Ah you cant keep killing the producer of the product.

[charliep]

You wore me out SK3. I'll respond with one of my favourite Corner Gas episodes.

[URL="https://www.youtube.com/watch?v=Fjfm9NTOw6s"]Corner Gas[/URL]

[farmaholic]

Charlie, are admitting defeat or giving up?

My God, the only thing worse than a poor loser is a poorer winner.

[charliep]

I should let this thing die but I will comment that I don't know what a win looks like on Agriville. My objective would be to create some daily ideas and discussion that would help farmers with decision making.

I recognize the challenges with profitability and crop rotation with canola. As I have said, farmers themselves make the decision about what to grow and how intensively. You can read what I said.