Stats Canada Canola

[crusher]

Canola Production at 18.7 mmt. At low end of traders estimates. Average yield 40 bu/ac. Market is strong again this morning.

[SASKFARMER]

Yep and all along after my crop tour, I said it was an average over Saskatchewan with some less and some just a bit more. No bumper just a nice low-end crop for 2020.

Maybe trust a farmer instead of experts that know jack shit.

[bucket]

Canola Production at 18.7 mmt. At low end of traders estimates. Average yield 40 bu/ac. Market is strong again this morning.

My guess a while back was 18-18.5mmt

[bucket]

Saying in the states goes....small crops get smaller....big crops get bigger.....In 2 years the 2020 crop will be closer to my prediction ....statscan has some time to adjust it...maybe with a better 2021 crop they can keep their numbers....


But eventually they have to start reporting accurately and more timely...

Farmers are told to report every aspect of their operation in a timely and accurate fashion through free data...yet statscan has 2 years to adjust....

[Hamloc]

My guess a while back was 18-18.5mmt

Interesting to note that Neil Townsend’s prediction was for 20.2 million tonnes, turns out he was a bit optimistic!

[bucket]

Interesting to note that Neil Townsend’s prediction was for 20.2 million tonnes, turns out he was a bit optimistic!

The only problem with Townsend's prediction was he was too stupid to revise it....

My guess came from talking to neighbours and working the math from averages....it isn't rocket science...

[Rareearth]

Statscan future stats or adjustments would be based on real data, the way it should be vs best guess.

Every one has data from the big exporters, crop insurance, private insurers, John deer, etc data that is traded on to make there businesses function better and or for more profitability.

Farmers don’t have that opportunity, they are always leveraged by businesses. Can farmers hedge and make informed, risk management decisions. Not really. Winnipeg commodity exchange , remember when the big company squeezed the other big company because they were short, and canola prices exploded higher. Canola futures are risky and don’t always reflect the market, the same for usa wheat futures.

Again important reason for farmers to have sales data to make important farm management decisions. Maybe don’t need agri stability, or ...

[bucket]

Statscan future stats or adjustments would be based on real data, the way it should be vs best guess.

Every one has data from the big exporters, crop insurance, private insurers, John deer, etc data that is traded on to make there businesses function better and or for more profitability.

Farmers don’t have that opportunity, they are always leveraged by businesses. Can farmers hedge and make informed, risk management decisions. Not really. Winnipeg commodity exchange , remember when the big company squeezed the other big company because they were short, and canola prices exploded higher. Canola futures are risky and don’t always reflect the market, the same for usa wheat futures.

Again important reason for farmers to have sales data to make important farm management decisions. Maybe don’t need agri stability, or ...

Good points ...sales data would help the entire system ....that and the ability for graincos to order the cars they need when contracts are signed....

As an example if a grainco signs up a 100 cars worth of canola on a september 2021 delivery and do those in February 2021....they can not order the train to ensure movement...archaic backwards system...

[jazz]

Farmers don’t have that opportunity,

Honestly rare, if the commodity traders can make bank holding paper, then the guys holding the actual commodity should be able to make out like bandits merging the two holdings.

Not to get into a discussion about the CWB, but it should have morphed into a true trading and marketing arm for canadian ag. One part trade missions and finding new markets and price discovery, second part helping farmers leverage their positions on paper.

We are cut off from the second part of the equation. We dont even know what these ships in the bay in vancouver are waiting for. We are storing on our own dime trying to out wait an empty ship sitting in the harbour.

Very little transparency.

[bucket]

Honestly rare, if the commodity traders can make bank holding paper, then the guys holding the actual commodity should be able to make out like bandits merging the two holdings.

Not to get into a discussion about the CWB, but it should have morphed into a true trading and marketing arm for canadian ag. One part trade missions and finding new markets and price discovery, second part helping farmers leverage their positions on paper.

We are cut off from the second part of the equation. We dont even know what these ships in the bay in vancouver are waiting for. We are storing on our own dime trying to out wait an empty ship sitting in the harbour.

Very little transparency.

Good comments but the people in charge a few years back had zero vision for agriculture relating to farmers and implementing transparency which is the foundation of an open market...

[Guest]

Canola Production at 18.7 mmt. At low end of traders estimates. Average yield 40 bu/ac. Market is strong again this morning.

It’s still to high

[Guest]

Interesting to note that Neil Townsend’s prediction was for 20.2 million tonnes, turns out he was a bit optimistic!

Why isn’t he brought to the fire and made to stick his feet in
Look at the the free airtime that he got and didn’t have a clue
Who in **** would hire that outfit

[AlbertaFarmer5]

Anyone have a link? Only thing I can find requires a subscription.

[errolanderson]

Why isn’t he brought to the fire and made to stick his feet in
Look at the the free airtime that he got and didn’t have a clue
Who in **** would hire that outfit

BE NICE! Treat everyone like you would want to be treated . . . who says Stats Can is right anyway?

[checking]

Farmers are mushrooms with the appropriate comments that are tagged with them

Errol, you are the humus that bind us.