Factors to Watch This Week/Strategies

[charliep]

What factors will you be following this week/strategies that are likely to be acted upon?

My thoughts.

1) Last day for the FlexPro signup. Wouldn't do a lot (fpc better in most cases) but would consider a couple of "B" trains for deliveries next spring/summer.

2) Initial payments 2008/09 announced Friday, Aug. 1. Look to be 60 to 70 % of the May PRO.

3) Lateness of the crop. Lots of talk in other threads but down number QE 2 Alberta to Edm to Cal and then on to Medicine Hat this past 4 days. Crops very late (canola still full bloom). Lots of storms Alberta. Interesting to get a hail update.

4) Corn seems to have made it through the silking/tasselling process okay but will need to check USDA crop progress/condition today. Weather can still impact soybeans (indeterminent flours).

[charliep]

Will note it is also the end of the crop year and the S&D tables will start the show the tally on the Canadian demand side. Will note a piece of good news is what likely will be a 4 mln tonne Canadian canola crush, up from 3.5 mln tonnes last couple of years. With increased capacity both in existing plants and the new ones around Yorkton plus exports, we have a consumption base for a 9 to 10 mln tonne canola crop every year.

[charliep]

Still on holiday (maybe smelling the flowers or enjoying the flour in Tim Horton doughnuts). Should be indetermient flowerers.

[parsley]

About Oats:


I noticed the following to 'watch out for' gleaned from Allan Johnston in the Johnston's Daily Newsletter filled with actual daily grain bids.

"New / Crop oat growers: Please have your oats weighed in Grams/per half litre this fall, as this is what the buying are asking for."

Parsley