Marketing wheat, durum canola

[farmaholic]

There are many special crops that have
no price discovery other than getting on
the phone or computer and doing your
homework, neither of which I am opposed
to doing. How many of the crops we grow
have a functioning price discovery
(traded futures) in Canada? I am not
against anyone making a profit but it
was interesting to see what the price of
that 1 pound of whole green peas @ $2.28
converted to on a dollars per bushel
basis. I have no interest in building
a canola crusher but a distillery maybe,
Sincerely yours, Alcoholic.

[Rareearth]

Or pay some one that has access to better
information that you and I can't find on our own,
or cheaper yet listen carefully to Larry and Errol.
And by the way thanks guys for the insight, right
or wrong at least I have more information.

[fjlip]

INTERNATIONAL GRAINS COUNCIL NOVEMBER SUMMARY...

Global ****seed/canola production is forecast to decline by 2% y/y, to a four-year low of 58.9m t.

World use in 2012/13 is expected to fall by 4% y/y, to a three-year low, owing to tight supplies.

With thin availabilities and high prices likely to discourage imports by key buyers, global trade is projected to contract by 15% y/y.

Looking ahead to the 2013/14 crop, EU ****seed plantings are tentatively forecast to rebound, encouraged by high prices, and led by Germany.

In Canada, by far the largest exporter, output is expected to drop steeply, by 8% y/y, to 13.4m t. This is despite a large expansion in plantings, and mainly results from heavily reduced yield potential in Western Canada due to poor weather.

World ****seed/canola use in 2012/13 is projected to contract by 4%, to 59.8m t, reflecting tight availabilities. In Canada, given the disappointing crop, consumption is expected to decline by 9%, to 6.7m t. The overall fall in use will be concentrated in a smaller crush, the largest component of demand, seen dropping to 57.3m t (59.9m).