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Marketing wheat, durum canola

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    #11
    ah shit, there is an article in the Star Phoenix about increased wheat acres next year and fewer canola acres.

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      #12
      Rareearth - your post should say "anyone can grow yellow peas"

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        #13
        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.

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          #14
          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.

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            #15
            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).

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