The Great Grain Robbery part 2

[SASKFARMER]

Funny how history repeats its self. Since the End of the CWB, most smart farmers were asking for a way to get info like other countries of what grain was leaving Canada how much the companies were getting paid for the product what grade and where was it going. Yes, Ritz ****ed up and didn't put this into law and didn't give farmers back the assets of the CWB.

This way farmers could make decisions based on the volume leaving Canada and who was buying and find out why.

So all spring till fall grain companies and experts were telling farmers overproduction is happening all over the place and grain needs to be booked because fall prices are some of the best you might get in 2020 and beyond blah blah blah.

Covid was on we were all hunkered down doing farm work so we all went with the above plan to some extent.

Then the great report in summer about record canola crops and wheat and even the minister of Ag in Saskatchewan the biggest ever.

HAHAHAHAHAHAHAHHAHAHAHAHAHHAHAH

One stupid farmer did a cross Saskatchewan crop tour and said the crop was average at best and the reality is the three years before were wrong with the production numbers. Now Stats Canada and Ag Canada are saying we maybe were wrong.

So some might BS you but most farmers know the bins will be totally empty going into the fall of 2021.

Now Brazil has a later crop coming due to dry conditions at seeding then the rains came then the heat and finally now when harvest is supposed to be going its pouring every day. Any farmer knows that mold and other fun times. How well do Saskatchewan soy do going into dry ground. First, five days tell the story here why would it be any different down there.

So now we have prices entering very nice numbers that show farmers with grain left to deliver a rather nice surprise. Fall prices are still not that great when you look at the rising costs of inputs.

Where will the top be if the USA is empty and SA has a below-average crop and then add NA is dry.

All I want is better information and that's the feds job to put this on the priority not some useless Ag Stab program that benefits no one.

[bucket]

Neil Townsend who at one time worked for the CWB , which actually explains a lot, was still arguing about the crop yields put out by SCIC after farmers had already reported their yields from their combine monitors which are probably 3 percent higher than the delivery to the elevator... FFS


That clown will never be taken seriously again...

[Rareearth]

Sask you have pointed out the obvious, thank you

We don’t want the reporting system to be a farmer only story, if that’s the case it will go nowhere, and no one cares, not enough votes, etc

The reporting system:
- will provide the correct market signals to industry, the resource needs to successfully provide crop inputs, machinery and equipment from grain clearers, combines, trucks, trains, protein plants, etc
- maximizes GDP revenues for provincial and Fed Govt to develop world class infrastructure sustainably, low carbon footprints, and scale to operate at the lowest cost per unit possible
- trade agreements, with foreign governments can be easier to negotiate and monitor
- lowers wast3 and spoilage of grains due to production - below the cost of production
- etc

There are many ways to promote the reporting as essential service , public service, etc, for farmers only concept won’t work any more - not enough influence or votes. Government no longer does what’s right or required, the focus is on ratings, votes and the next election

[bucket]

I don't see why graincos want to fight this issue ....they are going to be the biggest winners from a logistics point of view...

If forward sales were reported , farmers could make better cropping plans instead of chasing last years markets and flooding them ...to a market that no longer exists..

[bucket]

If a million tonnes of canola were priced based on what Townsend said at even 10.50 , still a good price, but it went to 14 on actual reporting....that is 154 million spread on sales because of inaccurate reporting...

[Guest]

Neil Townsend who at one time worked for the CWB , which actually explains a lot, was still arguing about the crop yields put out by SCIC after farmers had already reported their yields from their combine monitors which are probably 3 percent higher than the delivery to the elevator... FFS


That clown will never be taken seriously again...

But ..., there will be another just like him

[bucket]

But ..., there will be another just like him

Are you asking for names????? People that push their propaganda on the local country music radio through Glenda Lee ALLen Vossler for cheap promoting come to mind?????


Two weeks after their presentations at the AGMs there are still getting air time on old information with zero vision into 2021....

[Partners]

Atleast there shouldn't be those carry over b.s. numbers at end of crop yr.

Let's hear ALL SOLD OUT..

[sumdumguy]

I don't see why graincos want to fight this issue ....they are going to be the biggest winners from a logistics point of view...

If forward sales were reported , farmers could make better cropping plans instead of chasing last years markets and flooding them ...to a market that no longer exists..

Forward sales will never be transparent. When there is a short crop after an abundant year one can be sure that marketers have presold a bunch into that growing year. It’s a given. Then we grow a short crop and oops marketers pay large to fill sales. Same old. This pattern has repeated itself so many times in the special crops market. We don’t need to be fed the information. Like SF does, take a crop tour around province in July-August. You should have a good idea whether the stats are right. If you are right and they are out to lunch like this year, lock the bins and wait. No one is there to make it easy but the other side is getting caught too with poor information.

[farming101]

Something to consider:
If other countries have reporting (usually the US is mentioned), why are there farmers in those countries lamenting that they sold too much grain too soon?

Just how should a properly functioning market work? Would it work well if every farmer held back from selling anything until the price was uber high and then sell it all in one day? In my mind that is almost the furthest thing from a properly functioning market.

A market is for price discovery. As more information becomes available prices adjust.
And never forget that part of the market functions on pure emotion. Humans still make the decisions

[jazz]

Seriously, I dont know what other farmers were seeing in their fields in August. Didnt anybody get out of the truck?

In early August when the top pods were shriveling and the middle branches were getting this, I knew it was time to lock the bins.

[bucket]

What is the direct payments to farmers at in the last 4 years from Trump....100 billion in CDN and counting?????? While the shock of selling too soon doesn't sting as much. And those payments may have caused the early selling because at the time they were getting something...


In Canada we get the US price with the exchange hidden in the basis ( a crock of shit excuse) and nothing in the form of direct payments.