The Biggest Climate Change Denier

[macdon02]

$19.77 off the highs and within $.60 of the '09 lows, a decline of 78%. Irreversible damage..... If there's been damage done, it isn't reflected in any food market. Speaking of which, why isn't govt stockpiling?

Maybe nat gas usage is increasing and higher in demand for heating or cooling? Nope, headed for a retest of the 2002 lows.

Where's the panic folks?

[AlbertaFarmer5]

Actually, out of the long list of evidence-based global warming deniers Such as those two, It seems that mother nature is by far the most ardent and Convincing of them all.

[Guest]

Thats the most frustrating thing for the science deniers , old mother nature just wont participate in the scam
Not even a little
You would think they could bullshit their way into the odd right doomsday prediction !
And now this cold cold winter (-11 here last night) is giving them another reminder

[fjlip]

Just perfect the east got SLAMMED with TOO COLD ice storm, gee I wonder if anybody out there wants it COLDER, the result of course with LESS CO2 to blanket Canada, keep us from FREEZING the F*CK away! Total morons!

[beaverdam]

The global warming policies have thankfully been delayed by enough different governments, because if the environazies would had it their way 15 or 20 years ago,,,they'd be telling everyone, "look! how are policies have worked! we've stopped global warming!"

Any bets on a late spring frost,,,or early fall frost??? Frost hits harder when she's dry, next shot at rain Sun-Mon coming.

[farming101]

Of course there is big resistance to higher wheat prices but for us it could be worse. Basis is the best it has been in a very long time. Minot offers about 40 cents per bu CAD lower that SK average

[Guest]

Of course there is big resistance to higher wheat prices but for us it could be worse. Basis is the best it has been in a very long time. Minot offers about 40 cents per bu CAD lower that SK average

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do you think its a good time to lock in some basis ?

[bucket]

Maybe if the Westons start price fixing again it will help....

[farming101]

Ha, I'll put it this way; it's not a bad time...if you have a favorite grain buyer.

However, be aware of all the perils of locking in basis.
You are committing to delivery and you begin to watch the futures every minute of every day.

New crop cash prices are around 6.25? So, if you are hoping to realize a higher return, you are also going to have to see higher Minneapolis futures. Macdon's chart is implying that may not happen any time soon.

Too dry going forward would be the only thing I can see that would allow that

[farmaholic]

Please define basis.

To me it would be the difference between Port prices and farmgate prices.

Seems nobody knows for sure these days. The last years of the CWB days had total deductions off the CWRS to Vancouver at about $60/tonne.

INDUSTRY efficiencies were gained with farmers hauling greater distances to inland terminals and trains hauling unit trains instead of patching one together from different sources. Anyone remember the trucking "premium" terminals used to offer? Now no one knows the negotiated freight rate for unit trains that DON'T have yo be "reassembled" in the rail yards. Inland terminal to port terminal...and now loop track loading where the railroad's locomotives don't even unhook from the cars. I'm not sure how much of the Industry's efficiency gains primary producers deserve...but the Industry has had no problem "stealing" ours!!!!!!!!!

[farming101]

Basis as plotted in the chart above is the average price for SK for 1 13.5 less
the corresponding futures month at the MGE. It is a negative value which makes the most sense to me.
This all converted to CAD.
You can hedge this.

There is no way to hedge your wheat, basis Vancouver. There is no way to capture system efficiencies.
No one is going to gift efficiencies they have captured to someone else in the chain if they don't have to.

[bobofthenorth]

The warmists make a fundamental assumption which never gets challenged: they assume that the current global temperature - whatever the hell that even means - is somehow optimum. There is absolutely no logical reason to make that assumption. Global temps have changed a lot over the brief period man has been wandering around and in geological times they have changed wildly.

Pity the poor scientist who ever wanted to do real objective research about the net net effect of some different "average" global temperature. There is every reason to believe that there may be several other averages which are objective improvements over the current temperature but we'll never know.

[AlbertaFarmer5]

The warmists make a fundamental assumption which never gets challenged: they assume that the current global temperature - whatever the hell that even means - is somehow optimum. There is absolutely no logical reason to make that assumption. Global temps have changed a lot over the brief period man has been wandering around and in geological times they have changed wildly.

Pity the poor scientist who ever wanted to do real objective research about the net net effect of some different "average" global temperature. There is every reason to believe that there may be several other averages which are objective improvements over the current temperature but we'll never know.

And if you have any doubts, just do a google search on the net benefits of warmer temperatures, or net negatives of cooler temperatures, to see how little public effort has been made to even investigate this.

[newguy]

And if you have any doubts, just do a google search on the net benefits of warmer temperatures, or net negatives of cooler temperatures, to see how little public effort has been made to even investigate this.

Warmer I oceans fuel a hurricane.a couple degrees warmer and a 3 billion dollar hurricane becomes a 300 billion .last fall gas rose 10 cents a liter when the gulf got hit.Most of the worlds grain stocks are in the US.One major disaster in the US you may see food double in price.4 cents a liter carbon tax is going to seem very minor if that happens.

[sumdumguy]

Warmer I oceans fuel a hurricane.a couple degrees warmer and a 3 billion dollar hurricane becomes a 300 billion .last fall gas rose 10 cents a liter when the gulf got hit.Most of the worlds grain stocks are in the US.One major disaster in the US you may see food double in price.4 cents a liter carbon tax is going to seem very minor if that happens.

I might see a frog jump over the moon.