Oil's doom and gloom spreads

[Hamloc]

Looking at the overnight markets this morning everything is heading down again. Is the continuing slide in the price of oil starting to affect all commodities? What is everyone's opinion? I have heard it said the trend is your friend, it certainly isn't today.

[SASKFARMER3]

Down Down down we go. Only Toms Rose colored glasses haven't fell off yet.
Hey people are starting to get worried and worried and harsh decisions are made. Yes every thing seems headed in one direction.
Time will tell but oil looks to test .39 by months end. Ouch. Can you say Albert and Sask need a new plan.
Ouch is all I have to say.
Ag the boom was done a year ago.
The long-term charts are telling Mike Mock something about agricultural prices, and it isn’t comforting, says a story from Syngenta Farm.
Mock, the senior risk manager for The Andersons Inc. in Ohio, admittedly doesn’t know how it will all turn out, but he’s seen enough to know that farmers ought to be hunkering down and taking a pass on that new house on the lake or that new condominium in the Caribbean.
A speaker at the Southwest Agricultural Conference in Ridgetown, ON. earlier this month, Mock held out a decades-long chart showing US farm income as perhaps the most telling indicator of the future. The chart, which most farmers are probably now familiar with, showed massive – but relatively brief – super-cycle peak highs around the end of the First World War, the Secord World War and the 1970s, when Russia bought up huge volumes of American grain.
Put quite simply, the big peaks are just not sustainable.
No Shit Sherlock!

[canolacrazy]

i found it interesting when talking with a farmland real estate saleman for one of the big saskatchewan companies recently that the people thinking of selling land have now made up their mind to put it on the market before it goes down more, and the ones thinking of buying land, have told him they are going to hold off and "think about it" for a while. deflation?

[SASKFARMER3]

Yep they said the out of country guys were sitting back and waiting and locals were the ones who bought one or two here or their. Yes grasshopper the boom is done.

[furrowtickler]

But but but - land will never go down again ......

May not crash but a correction is forth coming - not hopeing it will but all things go up and down over time

[grassfarmer]

The "ag boom" isn't over yet SF3 - feeder cattle up again since new year. Sold some little 8 month old steers for $1840 yesterday.

[SASKFARMER3]

Ok I should clarify the Cattle look good and all the guys who got out are done and gone not coming back, so less animals and you are going to get a few nice years of prices.
Grain the boom is over and so is land prices etc.

[SASKFARMER3]

Furrow I feel land will settle not to the 35 to 55 to 85 range but 100 160 and 220 range.

[errolanderson]

take a look at copper . . . .

near 10% drop in last two days.

this is a reflection of global economic health ie: China.

we are now witnessing broad-scale commodity market re-pricing.

[SASKFARMER3]

and not in a good direction.

Ah high rents are being renewed and adjusted. Just in!

[canolacrazy]

anybody been to crop production show? what's the mood. fcc still lendin'? where's fall prices at?

[fjlip]

I'd guess suppliers are in denial of any gloom and doom, to save their jobs/sales. Number one on any business list is be positive.

[newguy]

Late November had top 8 month calf sold for 2090.00. My grain land may go down in price but got a crap load of grass that will now be sale able or rent for a good price now. I always thought if you have both cattle and grain you will never get rich or go broke on the highs and lows. Admit BSE and frozen crop the same year almost proved me wrong.

[furrowtickler]

Cattle are going to keep Ag overall Ag outlook positive for the next two years regardless of grain.
For the cattle guys - good on them , they deserve it, they were drug through the mud far too long

[errolanderson]

Guys . . . there could be a meat glut in the U.S. by the last half of 2015.

Cheap corn is going to be fed through animals . . . which will show up as record-breaking carcass weights.

Wholesale beef demand will be the key barometer to the health of spring cattle prices. The cattle board is now sending a clear warning of a market change.