Canola futures/West Coast grain

[farming101]

Canola futures prices had the best close in 13 trading days. Trend is still lower but a reach for mid 480's in the July would be encouraging.

Meanwhile GMP says there are 47 ships on the west coast for grain. 11 more expected to arrive by the 16th. 13 cleared this past week.
The last Grain Stats Weekly seems to indicate that G3 Vancouver is receiving grain. Haven't heard anything in the news?

[furrowtickler]

Grain shipments to Prince Rupert now stalled. Thats the word from local elevator . Our wheat may not be shipped now for a month they said .
Hopefully something changes ASAP, if this lasts into road ban season it will put a huge strain on many farms already struggling to cover bills .

[jazz]

Canola futures prices had the best close in 13 trading days. Trend is still lower but a reach for mid 480's in the July would be encouraging.

Meanwhile GMP says there are 47 ships on the west coast for grain. 11 more expected to arrive by the 16th. 13 cleared this past week.
The last Grain Stats Weekly seems to indicate that G3 Vancouver is receiving grain. Haven't heard anything in the news?

Doesn't do us much good if we cant get it there. These blockages are just starting and the police are letting it fester instead of snuffing it out.

[farming101]

Any thoughts as to which way demurrage will go this year?

[Integrity_Farmer]

Only the Canadian Wheat Board received dispatch which then went to farmers. Seems like you boys need the CWB. Vancouver has near 60 ships waiting well that doesn't matter to grain companies they just increase the basis. Farmers pay for this inefficiency.
Good luck boys with the grain monopoly in charge you will need it.

[farming101]

Only the Canadian Wheat Board received dispatch which then went to farmers. Seems like you boys need the CWB. Vancouver has near 60 ships waiting well that doesn't matter to grain companies they just increase the basis. Farmers pay for this inefficiency.
Good luck boys with the grain monopoly in charge you will need it.

Since the end of the CWB, grain shipments have set a series of new records. That shows that inefficiencies within crop production and grain handling systems are less than they used to be. The green bar marks the last year with the CWB coordinating exports.
Regarding the present situation, I wouldn't be surprised if the grain trade is close to claiming force majeure

[bucket]

Farmers can't claim force majeur with crop in the field....

And while exports out of the west coast are growing....dig deeper into the sales and grades....

Plus train length since 2012....


There is a lot of factors that have contributed to that export growth ...

Not saying you are wrong...and not arguing....

[farming101]

Farmers can't claim force majeur with crop in the field....

And while exports out of the west coast are growing....dig deeper into the sales and grades....

Plus train length since 2012....


There is a lot of factors that have contributed to that export growth ...

Not saying you are wrong...and not arguing....

I agree. It's complicated. Obviously not everything is running smoothly and producers are loosing out because of some of these aggravating factors. However, it is reasonable to say that not every cost saving or gain in efficiency should automatically be accrued to the primary producer. Not arguing

[bucket]

I agree. It's complicated. Obviously not everything is running smoothly and producers are loosing out because of some of these aggravating factors. However, it is reasonable to say that not every cost saving or gain in efficiency should automatically be accrued to the primary producer. Not arguing

True....the only thing I can say is everyone has to be making some profit on this....if it sways too far either way....it can also have lingering effects on the industry as a whole...

I am not against graincos making money...but occasionally the families have to leave some scraps for farmers....there has to be money for expenses and upgrades on the farm as well....it can't keep coming from equity?

Further....even if a farmer is astute enough to follow everything in the world....how do you make the required calculations for coronavirus hitting and the hereditary chiefs protesting across canada?

[farming101]

Further....even if a farmer is astute enough to follow everything in the world....how do you make the required calculations for coronavirus hitting and the hereditary chiefs protesting across canada?

No one can. There have been countless "G****s of Wrath" "When The Levee Breaks" events in human history. Some things an individual or entrepreneur can do to withstand tough times do not have a cash value. Look after your health, work hard to maintain a strong family, continually improve your education/knowledge, learn from past mistakes. It forms part of your own personal safety net. Sooner or later it will be there to provide a soft landing

[Integrity_Farmer]

Since the end of the CWB, grain shipments have set a series of new records. That shows that inefficiencies within crop production and grain handling systems are less than they used to be. The green bar marks the last year with the CWB coordinating exports.
Regarding the present situation, I wouldn't be surprised if the grain trade is close to claiming force majeure
[ATTACH]5602[/ATTACH]

Every grain company wants to put more grain through Vancouver. What about Thunder Bay, Rupert and Churchill. When the grain was marketed by the CWB all wheat was moved.

The 47 ships waiting and Vancouver and another 11 scheduled to arrive is a testament to inefficiency and stupidity.

The $4.00 a bushel basis (Sask Wheat 2RS) at Vancouver is from inefficiency and robbery. The grain companies only operate for themselves.

[blackpowder]

Ah yes, the myth of the Lost Cause.

[farming101]

When the grain was marketed by the CWB all wheat was moved.

Baloney Indicator went off again....Ending stocks are trending down in spite of much larger production

[Integrity_Farmer]

Baloney Indicator went off again....Ending stocks are trending down in spite of much larger production

[ATTACH]5603[/ATTACH]

Why the $4.00 a bushel basis in Vancouver

[helmsdale]

When the grain was marketed by the CWB all wheat was moved.

Yea, I wouldn't go around saying that too loudly in the Durum growing areas.