Pea yields

[sumdumguy]

Lots of root rot happening in all pulses here. Think 40 years of back and forth lentils has left a few spores in the ground? It happened in Manitoba a decade or so before we saw disease pressure. Our Cinderella has lost her slipper.

[jazz]

I dont know what you guys are talking about. All the ag more than ever crowd are posting real time drone and selfy videos showing the yeild monitor. Peas are running 58bu, lentils 40, durum 65 and probably canola 100.

[the big wheel]

I dont know what you guys are talking about. All the ag more than ever crowd are posting real time drone and selfy videos showing the yeild monitor. Peas are running 58bu, lentils 40, durum 65 and probably canola 100.

Why would they post those shitty yields?

[SASKFARMER]

Well our locked in 7.25 is ok but not great the price since the market knows yield is now no bid or 6.18.

Yep over a dollar a bushel drop.

Farming is such a winning combination.

[newguy]

Well our locked in 7.25 is ok but not great the price since the market knows yield is now no bid or 6.18.

Yep over a dollar a bushel drop.

Farming is such a winning combination.

I would think once buyers have enough committed for early fall delivery they drop the price.Not the end of the world .Prices after harvest always comes back later in the fall to get some more out of the bins when they need it again.Has more to do with only offering enough to buy it than how big of a crop out there.

[dave4441]

Well our locked in 7.25 is ok but not great the price since the market knows yield is now no bid or 6.18.

Yep over a dollar a bushel drop.

Farming is such a winning combination.

This issue in the pea market is demand. People have no bid because today there is simply zero demand. Its not because the exporters want to buy it cheaper and make a $1/bu. It will change and get better but no traditional demand off the combine like other years. I do think maybe COVID has slowed the chain in China. But a few months from now likely better. What i do know though is India's current crop has good monsoon weather which likely means no change on their demand. And Tarrifs/bans will remain in place. Indian bought 2 Million MT in 2016 and 120,000 MT in 2019-20 crop year. This is the issue. But in 2016 China took 1 MMT and last year 2.5 MMT. So they will come back into the market, just not yet.

Hard to understand what the market is doing when you simply frame the market as trying to F--k you.

[furrowtickler]

This issue in the pea market is demand. People have no bid because today there is simply zero demand. Its not because the exporters want to buy it cheaper and make a $1/bu. It will change and get better but no traditional demand off the combine like other years. I do think maybe COVID has slowed the chain in China. But a few months from now likely better. What i do know though is India's current crop has good monsoon weather which likely means no change on their demand. And Tarrifs/bans will remain in place. Indian bought 2 Million MT in 2016 and 120,000 MT in 2019-20 crop year. This is the issue. But in 2016 China took 1 MMT and last year 2.5 MMT. So they will come back into the market, just not yet.

Hard to understand what the market is doing when you simply frame the market as trying to F--k you.

What’s your take on the China situation?

[furrowtickler]

1.2 billion people ....

https://www.nexusnewsfeed.com/article/geopolitics/china-s-flood-of-woes-gets-worse/

[AlbertaFarmer5]

Hard to understand what the market is doing when you simply frame the market as trying to F--k you.

Yes, but that attitude, and presenting facts and showing supply and demand, won't earn you as many likes...
Thanks for the rational input.

[farmaholic]

Can't deny demand does sometimes dry up but you can't deny harvest prices are "typically" low to take advangage of forced producer movement. There are times harvest prices are the high but I would bet its the exception not the rule.

If you need to move grain in fall....maybe plan ahead and price some when you see a price you can live with. Hard to believe that came off my keyboard.