Given that M1 money supply is up 40% in the last 12 months all things equal Canola at $14 is equivalent to approx $10bu in 2019. Don't get too excited guys inputs may rise dramatically.
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What % of your canola crop is left to sell?
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Hauled some $12.00 canola to elevator on monday. When can i start hauling some $8.00 wheat or is that a pipe dream?
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Remember these things when we used to load producer and dealer cars mid 90's got just over $10/bus, had 24 hrs to load
This is all I have left this year
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About 40% canola sold and delivered for us.
CGC producer deliveries to Dec 13,2020
...................... Last year............... This year............... Increase
Barley............. 1681.5. ............... 2151.1. ............ 28%
Durum............ 1959.2.................. 2455.9............. 25%
Lentils............. 659.4................... 1151.1. .......... 75%
Canola............. 7561.4.................. 8868.8............. 17%
All grains.......... 23812.5.................. 27698.4. .............. 16%
So by the numbers lentils are the big mover and crickets in media, this might be this years sleeper, or Canada just sells out early? It will be a smaller crop as well in terms of volumes.
Canola lots moving, almost half of the crop delivered to terminals, crushers etc and 9 months till harvest 2021.
I should have included estimated crop production for all crops for context ( only canola comes to my mind right now).
Hope it rains in May.
Merry Christmas every one!Last edited by Rareearth; Dec 24, 2020, 08:39.
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48% sold. A lot of trains left the NE in September and October filled with $10-$10.50 canola. Mine wasn't on them. I have some green stuff I want gone and will leave in January.
In got greedy in 2008 and watched it climb higher and higher every day then free fall. Tough to catch a falling knife. So I've been selling in increments this year.
And I'm usually 25% sold this time of year. I'm sure most in this area are equall or further ahead in sales this year.
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More free information that experts, traders and government will use against you...
My yields are always 10bpa and I am 100 percent sold....and I don't like to finance sales for any amount of time....
Until I start getting free data /info from the rest of the industry...I should remain silent..
...let the grain cos do the dick measuring on sales publicly....because they will tell you every sale to them is a good sale even as they hold the info that says you should be getting more....
Had a cold call today from a marketing firm....got snotty when I asked how for payment and I told him I wasn't a bank...cold calls are an indicator of shorts....Last edited by bucket; Dec 24, 2020, 10:10.
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