The Great Grain Robbery part 2

[Rareearth]

And thanks Jazz, that’s the first negative comment on why sales should not be reported that I’ve heard.

I would like sales reporting, but I would like info or comments on why it could be harmful to farmer interests?

The currents usa stock market squeeze with game stop, black berry and AMC , are the type of manipulation that grain companies play. Farmers aren’t organized enough to defend themselves.

[farming101]

This is another highlight in Gerry Ritz's incompetence...the markets couldn't work in Canada with the CWB and they were not effectively taken up by farmers because of lack of experience and skepticism when the market opened in 2012...

That and in order for the markets to operate effectively , farmers had to be involved....they couldn't. Why....

Because they didn't know WTF was going on without some information from industry in the form of accurate and timely reporting...

IMHO...the markets in Canada closed because farmers could only use their area farms to determine what to do and that wasn't good enough when your are an exporting nation...you have to have some information based on what the country is doing as a whole not just in the backyard to make market decisions...

The bad timing and lack of experience and training was too much for producers all at once.
I do think the grainco's are at fault too. This is seen in the way it all started with the great year of 2012 for easy marketing and shipping and the Great Canadian Grain Disaster that was 2013. Inexperience and lack of coordination.
It is my own impression but I think the grainco's did not do near enough to use the new exchange. It'll never work if merchants don't use it

[shtferbrains]

Imho a lot of that money is coming from small novice investors from shithole countries that have kickback income to hide.
The want to invest in NY exchange. Tesla and Apple are recognizable and always go up.
No brainer.

Stocks always go up.

[shtferbrains]

And thanks Jazz, that’s the first negative comment on why sales should not be reported that I’ve heard.

I would like sales reporting, but I would like info or comments on why it could be harmful to farmer interests?

The currents usa stock market squeeze with game stop, black berry and AMC , are the type of manipulation that grain companies play. Farmers aren’t organized enough to defend themselves.

Actualy that is the little guy roasting the manipulators.
The ICE canola market is so thin a group like WSB could easily bounce it around if it caught thier attention and the traders couldn't control it.

They took 5 billion on the manipulators. How much canola is that?

[jazz]

And thanks Jazz, that’s the first negative comment on why sales should not be reported that I’ve heard.

I dont know exactly whats best, but I feel the more information that is gleaned from this industry just empowers those on the other side and not us.

I look at a service like Farmers Edge. Collecting all that data, scouting fields supposedly help us optimize yields but it really is a tool to feed data to markets eventually IMHO. Combine yield monitors feeding data etc.

If this year proved anything the powers that be cannot properly estimate a crop in the field even with their scouts. There isnt enough manpower to check fields every week and report. So they are relying on us and technology to make up the difference and even that has proven difficult. Sat photos cant do it either and although Klaus thinks they can tell if we have bins full or not from heat maps, I doubt they can tell what type of grain is in those bins and I think a little -40C aeration might be able to hide that too.

A few yrs ago I applied for a cash advance and CCGA came out and verified those bushels by hand. That was about 5 yrs ago. I didnt like that but I can see what they are doing.

I look at it this way. If USDA and Statscan can revise their production data every few months, then so can I.

[Rareearth]

Or Jazz
Did the market and exporters see the collective yield monitors, and then determined it was a buy opportunity, much lower yields than anticipated or reported ( buy as much as they can, China, Canadian exporters etc) catching the supply side of the market with its pants down. They had a 30 to 90 day market advantage in the information/internet world, that is a long time compared to milliseconds

[Rareearth]

Wouldn’t it be nice to have a how to, (maybe by canola growers Assn) “How to deliver, step by step guide for delivery against futures, where, how, who, costs etc”.

That is part of the solution, but reporting is the huge missing piece of info.

Or do they d
Just serve the marketing, and agronomics pieces, leaving out price discovery?

[furrowtickler]

Very good thread here
Good discussions , and there is a reason why .
Informative from all sides here.

[TOM4CWB]

Very good thread here
Good discussions , and there is a reason why .
Informative from all sides here.

Watching RDTV on satellite.. 2.1mmt yesterday morning Corn to China... over 6mmt last week;

Soy/Corn being short sold by China?... 5.50$corn 50lb = 60lb wheat... not = to 6.50$ that is below feed price...

US will run out of both soy and corn before next harvest at this rate of exports and domestic use... USDA way out on numbers...

Crazy times ahead...

[SASKFARMER]

It all just never added up. We were told Big Canola crops and yet 60 was maybe the best and yet the average prov wide was less than 40. Crop insurance would be a good way of knowing their end of year yield totals.

Then the Fed kept the practice of Big canola crop and carry.

Finally, last year was the final straw. Over half the prairies needed one more late-season rain and it didn't happen. Top pods didn't fill and guess what yield was way down.

But add in all the overproduction estimates and now no product and were in the situation we have today.

Being told last summer it was a bin burner all the way across the prairies was total bullshit.

Call it what it was B U L L S H I T

Throw in some China problems

Throw in South America Problems.

The Great Grain Robbery was known.

Here are some fun facts as I had a meeting with my Deere Girl on the Data from the S790s with the yield on the go and then realigned yield with the scale on the cart.

I found out combine three was the most productive and saved the most fuel used. Combine one was the fastest and burnt more fuel and less productive. Two was about in the middle. It was all about speed of harvest but the data shows Gal per acre of use idle time peak time etc etc. Massive amount of data. Also with a push of a button, I have my total yield for Canola, Wheat, Peas, and barley, and guess what after we recalibrate with the scale we have a bang on the number.

This is just one stupid farmer looking at his own farm. Have a computer program looking at all farms with the same system and guess what you can get the yield down to a real solid number province-wide or STate wide or country. No more Bullshit. This information would be worth Billions.

If you think for one moment that the info from every new combine isn't sold to some company to show them what actually happened.

So stats Can and AG can with a sat look at all the other info. Throw in the new stuff that's out there that fits all harvest combines and planters. and you have even better data yet.

Your being played farmers.