Canola

[helmsdale]

Worries for '21...

Soil moisture is depleted, and long term seasonal forecasts aren't really favorable for the growing season.

If $CDN continues to increase against all odds, we'll likely end up buying most of our inputs at nearly the same as last years prices or more (phos in particular), but god forbid the commodity markets implode and well be selling our output in $US.

Some of those current '21 new crop canola contracts in hindsight might look REAL attractive if soy falls off its perch, and $USD continues to lag.

[TASFarms]

First crop I put in... and most went for feed.

Then in '14 phos went absolutely ballistic and I thumped 480ac in with strictly N as I picked it up in april, and phos was nowhere to be found.

Then in '15 it didnt rain till july...

Then in '16 I combined till remembrance day and sold it all again for feed after drying the entire crop with flat floor aeration bins and diesel heaters.

'17 was average crop with below average moisture grown on reserve from 16.

'18 it snowed on the crop 3 times. Harvested till early november again.

'19 was a poor crop and shit harvest conditions again.

'20 was all around "tolerable", except I left a significant amount of cash on the table by marketing early...

#buildingcharacter!

Building character is an understatement.

[LQQKY]

First crop I put in... and most went for feed.

Then in '14 phos went absolutely ballistic and I thumped 480ac in with strictly N as I picked it up in april, and phos was nowhere to be found.

Then in '15 it didnt rain till july...

Then in '16 I combined till remembrance day and sold it all again for feed after drying the entire crop with flat floor aeration bins and diesel heaters.

'17 was average crop with below average moisture grown on reserve from 16.

'18 it snowed on the crop 3 times. Harvested till early november again.

'19 was a poor crop and shit harvest conditions again.

'20 was all around "tolerable", except I left a significant amount of cash on the table by marketing early...

#buildingcharacter!

Welcome to the club. My average is about the same as yours only I've been at it for 40 years. Went through some real dry years in the 80's. I too left a significant amount of cash on the table by selling canola at harvest. Thank goodness it was on the physical and not futures. It just 'feels' better this way.

[MBgrower]

think those idiots were shooting for 50 Mmt ,you know at $6 , that sure would work out good for us?
and using some of our money to sell it

but with 50 mmt tonnes, the check off fees would buy each of the board members a winter home in palm springs. They dont care about $6/bu canol thats our problem not theirs.

Make sure you dont forget to submit your refund forms back before their elusive deadlines.

[workboots]

Fert is already significantly more expensive then last year, if you’re a lock it in the fall winter months type. With the import duties being implemented on Russia and Morocco, I would think phosphate is likely headed higher regardless of a stronger C$.

The courts have sided with the big corps. A protectionist move that does nothing good for the farmer looking to improve his dwindling bottom line.

It’s not a good thing to have foreign gov that subsidize competitive fertilizer manufacturers, this undermines our domestic manufacturers, but I know I don’t like being the one paying for the government implemented duty on product I need to maintain my livelihood.

When the farmer creates such a significant circulation of capital in the economy you would think the gov would be helping keep our costs in line. Instead they seem to be propping up the already overinflated public corporations/ oligopolies at the detriment of the producer.

How does a Canadian grain producer gain government protection from a (for example) Russian grain producer that has a significant cost of production advantage over his, and is slowly stealing his share of the world wheat market through logistics advantages and domestic subsidies on inputs ect?

[wheatsnowcanola]

“New crop” around these parts is the stuff I just put in the bins. “Old crop” is the grain I have carried over. Don’t preprice because some years we have “No crop”.

[GOODRUM]

I priced canola in sept when it’s was being hauled from the combine, felt confident what was there and just dumped the last load Friday for more than $1/bu less than spot price.
Wanting to price the remaining canola since prices are decent , no one has any delivery opportunities until March that I found.
Kinda need cash before then.
I’d be happy with the spot price but can’t.
Sometimes I miss the old days when I could always find a close haul to take, a couple short trips to town and then a few shots with the manager or cross the street and shoot pool until closing time.
Now I’ve gotta price 3 months ahead , not really loving this.

[farming101]

Cash Advance?

[bucket]

I priced canola in sept when it’s was being hauled from the combine, felt confident what was there and just dumped the last load Friday for more than $1/bu less than spot price.
Wanting to price the remaining canola since prices are decent , no one has any delivery opportunities until March that I found.
Kinda need cash before then.
I’d be happy with the spot price but can’t.
Sometimes I miss the old days when I could always find a close haul to take, a couple short trips to town and then a few shots with the manager or cross the street and shoot pool until closing time.
Now I’ve gotta price 3 months ahead , not really loving this.

Let me repeat ...if you cant deliver on a spot price...the system is not working...

Everyone delivering on old contracts (((((that the graincos have purposely delayed to keep the price low and their books full )))))is seeing that the prices are higher....after storing past the due date of their contracts...


If you understand the value of mandatory sales reporting....you will also understand a bit of a robbery is going on here in Canada right now.

[GOODRUM]

Cash Advance?

Nope
In default

[farmaholic]

What's up, err I mean down, with Canola?

[errolanderson]

What's up, err I mean down, with Canola?

Heavy rainfall forecasts in Brazil . . . flushing funds. Highs may be in for canola this year.