Maybe get ready to have some fun.

[SASKFARMER3]

Got a email from Argentina last night, rain rain
rain. Hm delayed corn planting and sick sick
wheat.
Ukraine is stopping imports, wheat prices are
rising all over, soy looks to have found a bottom,
USA is cleaning out every bin as exports are still
moving ahead,.
Just makes me wonder if I would have signed for
$40000 to market my grain I would have no grain
left as their plan was deliver all now as prices are
to good to be true.
Hm, you pay big bucks for good info I guess,
NOT!
The world is counting on SA to help but they need
a perfect storm, the weather is throwing a early
curve ball. As all Canadian farmers know!
How well is the USA winter wheat crop look at the
drought monitor.
17 beans and 10 wheat! Just saying!

[bucket]

Reading back to the 20th of October posts, the Ukraine is implementing export bans, Russia is toying with the idea. It might be priced into the market but there are not too many grain stores open right now other than Canada and the US.

Got some Oct 13 flax done at 13. Thought it was a good place to start. Thinking lots of flax next year. 13 bucks may be a good price.

Still thinking of taking some 12.25 canola for off the combine but see how soon they start bidding acres.

Wheat has seen 8 bucks off the combine which may get some tonnes for expense coverage.

[HappyFarmer]

I had some 8 dollar HRS targets get picked up yesterday. Got to start sometime.

[LEP]

Bucket, I was thinking the same regarding sept/2013 canola.

I like to have a couple hundred tonne sold at harvest for cashflow and
to free up bin space. The thing that holds me back is how low stocks
will be by june/july.

I was thinking of waiting for this to unfold and would look to price in
May or July for sept delivery. Although mid $12 is tempting.

[LEP]

Bucket, I was thinking the same regarding sept/2013 canola.

I like to have a couple hundred tonne sold at harvest for cashflow and
to free up bin space. The thing that holds me back is how low stocks
will be by june/july.

I was thinking of waiting for this to unfold and would look to price in
May or July for sept delivery. Although mid $12 is tempting.

[ado089]

Wheat basis at the local cargil just
dropped by 1/3, $8.90 -9.00 now depending
on the month.

[bucket]

The ukraine has thrown a wrench into the wheat market.

Personally I think Canada is the only high quality wheat market available.

When ethanol wheat is worth 7.50, the premium for spring wheat has to be over 9 bucks for yield issues.

Its like the nexera/ regular canola issue.

And flax should always be more than a buck higher than canola.

[bucket]

ANd russia is not far behind. I wouldn't be surprised if they end up buying wheat to fill contracts to save face.

[bgmb]

9 dollar wheat and 15 dollar canola will be here before Christmas IMO. I wouldn't be pricing anything for 2013 till 2012 is pretty much cleared out and that wont happen till spring for sure.

[SASKFARMER3]

I agree getting excited about locking in production
for 2013 is just feeding the enemy.

[bucket]

Covering some expenses can't be a bad thing.

There is also the threat of normal production quickly dropping prices.

I remember a 8 dollar canola contract that by the fall canola was trading in the sub 6 range.

[SASKFARMER3]

No that IRS but waiting for a run vs today's price.

[SASKFARMER3]

No that IRS but waiting for a run vs today's price.

[hedgehog]

if no farmers sold forward, the trade would crap themselves, and we might get real values.

[bucket]

SF3

Could you translate that last comment, I can't make sense of it.