Looks like slightly more realistic numbers
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I think they borrow numbers from stored grain or the next expected crop......this is going on two years with minimum moisture ....they can't keep hiding the facts.....
Their canola production numbers should send the market higher instead the trade refers to soybeans.....
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Originally posted by bucket View PostI think they borrow numbers from stored grain or the next expected crop......this is going on two years with minimum moisture ....they can't keep hiding the facts.....
Their canola production numbers should send the market higher instead the trade refers to soybeans.....
I think they get them fron seed growers who are trying to promote varieties and irrigation growers. Like to see break down on dryland.
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Was reading the report from DePutter he basicallly said not to expect any big price rallies. Demand across the world will have to pick up substantially before any sustained rally takes place. Even with a lower end production number for canola futures didn’t move much yesterday.
With a 13% reduction in durum, markets should react but there’s a lot of carry over from 17 left in bins. Basically pulse crops are getting overproduced. We are growing more than the world needs. The trade already new what was out there and any price premiums may have already been factored. I sure hope that’s not the case, it could be a cold teeth chattering winter for the ag sector.
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