Soy oil price 22.22 cents $US per pound basis Oct. CBOT or 30.02 $Cdn per pound
Soy Meal price 192.4 $US per ton basis Oct. CBOT or 261.66 $Cdn per ton
or .1308 $Cdn per pound
Canola seed is approx. 40% oil and 60% meal
1 metric tonne of Canola has approx. 881.6 lbs of oil and 1322.4 lbs of meal
The product value of a tonne of Canola is 881.6 x .3002 = $264.66 $Cdn.
plus 1322.4 x .1308 = $173 $Cdn. for a total value of $437.65 Cdn. per metric tonne.
Nov. Canola $351.5 per tonne delivered to crusher Saskatoon.
and $305.5 pit price delivered in southern MB
What’s wrong with these numbers???
Well for one thing, the companies that are adding value to our Canola seed are fleecing farmers that’s what’s wrong with these numbers. Why do farmers need to take it in the seat of the pants because our esteemed grain companies and crushers have been spending money on $50 dollar an hour labour and $120/yard concrete when the Americans modernized in the 1970’s with $5 and hour labour and $25/ yard concrete. The American value added infrastructure is bought and paid for, ours on the other hand is leveraged to the hilt. REASON NUMBER 23 AS TO WHY THE CANADIAN SYSTEM IS SO COSTLY.
Soy Meal price 192.4 $US per ton basis Oct. CBOT or 261.66 $Cdn per ton
or .1308 $Cdn per pound
Canola seed is approx. 40% oil and 60% meal
1 metric tonne of Canola has approx. 881.6 lbs of oil and 1322.4 lbs of meal
The product value of a tonne of Canola is 881.6 x .3002 = $264.66 $Cdn.
plus 1322.4 x .1308 = $173 $Cdn. for a total value of $437.65 Cdn. per metric tonne.
Nov. Canola $351.5 per tonne delivered to crusher Saskatoon.
and $305.5 pit price delivered in southern MB
What’s wrong with these numbers???
Well for one thing, the companies that are adding value to our Canola seed are fleecing farmers that’s what’s wrong with these numbers. Why do farmers need to take it in the seat of the pants because our esteemed grain companies and crushers have been spending money on $50 dollar an hour labour and $120/yard concrete when the Americans modernized in the 1970’s with $5 and hour labour and $25/ yard concrete. The American value added infrastructure is bought and paid for, ours on the other hand is leveraged to the hilt. REASON NUMBER 23 AS TO WHY THE CANADIAN SYSTEM IS SO COSTLY.
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