Nice bounce on markets

[SASKFARMER3]

Nice bounce today is the pain over as we start a new month or just a time out!
Dep watch the grain companies widen the basis wide wide wider!
Why because that's thw way they roll!
Again you did a nice basic example of grain marketing 101 from the UofS days!
Nice explanation cut and pasted out of marketing book!
Took you a while to get back!
But today's bounce is great but watch the games continue!

[boarderbloke]

The USD is down today, and that complies with my comment in the post below started by John.

[SASKFARMER3]

No shit the usd is down today!

[fjlip]

Why is USD down?

[SASKFARMER3]

Well lots of reports that maybe the USA is not recovering like we were told they were! Australia dropped prime! Etc. Europe maybe worse!
So usa dollar down!
But it's a nice jump!
Wheat northern crop health down from a year ago! South crop better!
Russia frost and low temps hurting crop! Europe cold cold cold!
Finally market maybe working!
Nah!

[charliep]

I will only comment on the technicals. One day doesn't make a trend. The markets have gone down hard and fast so bounces shouldn't be a surprise. Look at moving averages/other techical tools. I would also look at the weekly and monthly charts - not just the nearby.

[Hopperbin]

Oil up 5.5 percent. Usd down 1 percent. Grains missing out I think. Especially in canada where we cannot export it. Things are backed up really bad. How come no one is talking about it? Is it just a saskatchewan thing again and we are just used to it?

[fjlip]

It's just us hopper, perhaps a dead cat bounce, see next few days and Friday finish.

[SASKFARMER3]

Hopper here is January for our local 100 cars a week booked and so far 1st week delayed ok then never got! 100 week two then 20 that were spotted wrong then 40 so for month of January were 240 behind! But in Alberta with all the answers it's full steam ahead!
Feb has a long way to catch up! Elevator at 86% today full!
Great system! Dep and alberta boys want to comment on my that one!

[mcfarms]

been waiting three weeks on cars, in Alberta.

[TASFarms]

Two weeks ago ordered 8 cars on a Friday. Loaded them Tuesday Wednesday the next week. I like dealing with a small company.

[jdepape]

SASKFARMER3:

You say "Again you did a nice basic example of grain marketing 101 from the UofS days! Nice explanation cut and pasted out of marketing book!"

Not sure whether I should be insulted or just laugh when I read that.

For you to suggest that what I posted on FX came out of a "grain marketing 101 textbook" is mind-boggling yet laughable. There is no University program - aggie, commerce, or MBA - that covers hedging FX in a grain merchandising program at the level I shared with you. If you take the Canadian Securities Institute courses required to become a certified commodity specialist, you may see it. This I know because I wrote the FX hedging material for the course.

What I wrote in the other thread applies here:

Some people just want to complain. You can’t help a guy who is proud of his ignorance.

I wish you good luck in your marketing. You'll need it.