Can anyone see an upside to the market considering these things:
1. the canadian grain industry trades or prices off the US exchanges...the markets are flat and the 12 billion impacted the price to the downside along with a large crop predicted in the states.
2. The candian rail system can, at best, only move 35 mmt when the production has been ramped up to 70 mmt plus.
3. Building bins may keep the grain away from the graincos for a while but eventually it has to move...a marketing reps job is only to count the inventory of bins on farms and wait.
4. the market doesn't or hasn't recognized the amount of crop still in the field....some of that has to be contracted grain...what happens?
5. 1CWAD is virtually feed now... good thing those scientists are bringing those high quality high yielding varieties to a farm near you...
6. Why isn't dry grain worth a premium in years like this?
1. the canadian grain industry trades or prices off the US exchanges...the markets are flat and the 12 billion impacted the price to the downside along with a large crop predicted in the states.
2. The candian rail system can, at best, only move 35 mmt when the production has been ramped up to 70 mmt plus.
3. Building bins may keep the grain away from the graincos for a while but eventually it has to move...a marketing reps job is only to count the inventory of bins on farms and wait.
4. the market doesn't or hasn't recognized the amount of crop still in the field....some of that has to be contracted grain...what happens?
5. 1CWAD is virtually feed now... good thing those scientists are bringing those high quality high yielding varieties to a farm near you...
6. Why isn't dry grain worth a premium in years like this?
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