Just chatted with a rep in the seed business and it seems all the sheds are empty and another million acres of seed is being bagged and sent out. Reports all over the place of guys reseeding. One guy I know is doing around 10000 of canola and another large operator is doing 22000 acres. These are guys every one hears but how many smaller operators are reseeding and then how many are leaving and saying enough is enough.
Frost advisories on the next two night for some areas environment Canada has said.
So 8% or more of the projected crop is being reseeded! Add a error factor for guys who gave up didn't check or gone fishing of 2%.
That puts 10% of the crop in not good shape or very late which has other implications.
Then add in drought reduced production.
Now the U.S. Did something on biofuel that also helped.
Lots of guys I know are reseeding and going hard at it. If your dry and missing the rains your germination will be low till a good rain.
So in reality does the market get the severity of this or is it a oh we will let time heal all.
All I know is it's a huge production cut for canola first week of June. Now the other thing the seed that is going out are long season canola seed so basically need frost free till last week of sept.
Time will tell what the number really is for reseeding but for now it's high.
Frost advisories on the next two night for some areas environment Canada has said.
So 8% or more of the projected crop is being reseeded! Add a error factor for guys who gave up didn't check or gone fishing of 2%.
That puts 10% of the crop in not good shape or very late which has other implications.
Then add in drought reduced production.
Now the U.S. Did something on biofuel that also helped.
Lots of guys I know are reseeding and going hard at it. If your dry and missing the rains your germination will be low till a good rain.
So in reality does the market get the severity of this or is it a oh we will let time heal all.
All I know is it's a huge production cut for canola first week of June. Now the other thing the seed that is going out are long season canola seed so basically need frost free till last week of sept.
Time will tell what the number really is for reseeding but for now it's high.
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