Stats Can Says .......

[bigzee]

Less wheat and canola. Carryover should make up the shortfall to keep prices in dee sheeter.
By the end of harvest barring no frost some will tell stats can the crop was bigger than they thought it would be.
PLEASE don’t answer numbers you don’t recognize!!!

[SASKFARMER]

Yes they are dropping yield to offset the over estimated carry over.
Under ground storage and like skippy make believe. Look a unicorn 🦄.

Total bullshit.

[macdon02]

Attempt #5 on deck for Minneapolis wheat.... this is gonna be ugly. USD is attempting a breakout at 98.5, supply is one issue, demand is the big one and there isn't any.

[helmsdale]

Attempt #5 on deck for Minneapolis wheat.... this is gonna be ugly. USD is attempting a breakout at 98.5, supply is one issue, demand is the big one and there isn't any.

Anywhere, for anything...

-Sub $6 yellow peas nearly everywhere now on sparse demand.
-Sub $6 #1CWRS 13.5
-Sub $10 canola (getting perilously close to sub $9 in a few places)
-Sub $10 red lentils on sparse demand
-Sub $6.50 #1CWAD 13.0
-Sub $5 CPS wheat
-Chickpeas headed lower on increased acerage, and slugglish demand

but... repeat the mantra after me!

"They're not making any more land. The world population is getting bigger, and the middle class is growing."

Still not much fear out there. In the flood/harvest snowball zone east of edmonton (that place with the climate emergency), there are bidding wars on cash rent. $140/ac if you want to keep what you've been farming, cause predatory neighbors are looking for more!

Make it up on volume or something...

[helmsdale]

Attempt #5 on deck for Minneapolis wheat.... this is gonna be ugly. USD is attempting a breakout at 98.5, supply is one issue, demand is the big one and there isn't any.

the september and december MGEX charts look like garbage!

Bahaha, maybe they can try Negative pricing, just like interest rates to try and spur demand!

[Oliver88]

Still not much fear out there. In the flood/harvest snowball zone east of edmonton (that place with the climate emergency), there are bidding wars on cash rent. $140/ac if you want to keep what you've been farming, cause predatory neighbors are looking for more!

Make it up on volume or something...

If true, Ritchie Bros will make a good profit in this area.
Clubroot, $9 canola and $140/acre rent will end bad. 🙈

[macdon02]

If true, Ritchie Bros will make a good profit in this area.
Clubroot, $9 canola and $140/acre rent will end bad. 🙈

Strongly building an opinion we only have markets for a 1 in 4 (maybe 5) canola rotation at present. That dream of 25mmt by 2025 was the worst guidance ever received by industry. Chinese hogs were dropping like flies about the same time it was announced. The rotation needs to be expanded. Another 10% reduction in their herd is expected before they get ASF under control in the next 2 years at earliest. Let's try sub $8. CAD isnt getting the beating it deserves because we are riding on coattails of USD. So until it breaks we can expect further downward pressure on canola futures.

[iceman]

Strongly building an opinion we only have markets for a 1 in 4 (maybe 5) canola rotation at present. That dream of 25mmt by 2025 was the worst guidance ever received by industry. Chinese hogs were dropping like flies about the same time it was announced. The rotation needs to be expanded. Another 10% reduction in their herd is expected before they get ASF under control in the next 2 years at earliest. Let's try sub $8. CAD isnt getting the beating it deserves because we are riding on coattails of USD. So until it breaks we can expect further downward pressure on canola futures.

That’s a good observation. The first to go will be the fringe acres. Ie brown soil zones

Iceman