Stats Canada Seeding Intentions vs Farmers!

[farming101]

Wheat-better hope for better quality than last year because competing against world stocks of run of the mill quality wheat will not be a moneymaker

[Kinger]

Only opportunity with wheat will be in basis. Current world wide stocks are record highs and the US is sitting on over 50% of last years crop in the commercial elevator system never mind how much is in the farmers bins. Graincos still make most of there $ on red spring so we could see them start to pay more for it if there is less out there. I wouldn't bet much on futures though unless we see a Minneapolis vs KC/CH spread widen.

But what the hell do I knows it's not even May yet.

[ajl]

Central and northern Alberta will have abandoned spring thrash and unseeded acres this year. Probably close to a million acres of intended seeding will not make it and some of the wheat gets switched to barley. Stats Can is always wrong. Time to shut the joint down.

[Guest]

Central and northern Alberta will have abandoned spring thrash and unseeded acres this year. Probably close to a million acres of intended seeding will not make it and some of the wheat gets switched to barley. Stats Can is always wrong. Time to shut the joint down.

NE sask will be the same

[hobbyfrmr]

If you look at potential prices is anyone surprised? All of our costs are pushing farmers to a wheat- canola rotation. I finally had enough of the malt barley game and I grow a little bit of yellow peas, usually close to my most profitable crop, but I don't intend to increase the acres. If that much canola is planted prices will definitely decrease. I am glad I still have the cows.

I think you mean canola-canola-wheat rotation. Especially on rented land. Thats how you get ahead. Splash a few lentils on the sandy land and retire a multi millionaire.

[SASKFARMER3]

I think the market does realize guys will seed a few more acres of Canola and they know our bins are getting empty. Thats why the price rose to July Again and dropped in Fall.

Keep feeding them with product and they will take it from you.

I believe 12 is possible for the remainder if we have a Canola scare in May and harvest of last falls crops don't give them what they were looking for and those acres don't get seeded.