Sales reporting

[wmoebis]

Topic at hand: We Need Information - volume and sales price of exports (and an information distribution medium to disseminate). Its one thing to say, “we need this information in order to make informed marketing decisions.” BUT How do you envisage the remitting, compilation, reporting, dissemination?

#1 Who is going to make me supply the information (accurately) and who is the keeper?

#2 Who is going to report to farmers?

Your right! Local buyers don't even report local sales and purchases. Ya they have general local bids but the real contract deals are locked behind doors. Details are in Quantity, quality and price agreement.

[Sodbuster]

And Neil Townsend did their bidding...he should be taken to the town square and kicked in the balls.

100s of millions out of farmer's pockets on his "analysis" of crop size...had the nerve to argue provincial estimates that were based on yield monitors from a combine cab...

And to think that farmers actually paid Townsend to market his misinformation.

[furrowtickler]

As an example, a farmer has 200000 bus of Canola probably is either out at 12 or has maybe 20% left.

If he knew in Fall sales were happening at such a strong amount he would hold back as long as he could.

Maybe 3/4 left to move at 16 or higher.

The cash difference is $440,000 extra in a farmer's pocket.

Just for knowing what the Grain Companies were doing.

We as farmers would spend that on STuff making the Canadian economy stronger. Now it goes to grain company profits. Most Private family companies.

Also the carry over stocks were way over 'estimated' , if the carryover stocks were as large as stated canola would be barely over $12 now and maybe starting a run , not just after the harvest flush finished. Canola was way undervalued last summer and going into harvest based on false high carry over stocks and projections of a record crop.
Leaves very little faith in market reporting from line companies and market experts.
thats a big reason why canola is now near historic highs, huge carry over was never there, sales went unreported, the 2020 canola crop was less than 'experts' claimed all bolstered by soybeans as well.
Regardless the chickens have come home to roost now .

[bucket]

Also the carry over stocks were way over 'estimated' , if the carryover stocks were as large as stated canola would be barely over $12 now and maybe starting a run , not just after the harvest flush finished. Canola was way undervalued last summer and going into harvest based on false high carry over stocks and projections of a record crop.
Leaves very little faith in market reporting from line companies and market experts.
thats a big reason why canola is now near historic highs, huge carry over was never there, sales went unreported, the 2020 canola crop was less than 'experts' claimed all bolstered by soybeans as well.
Regardless the chickens have come home to roost now .

As usual, I will add my stupid comments ....once we hit zero carryover the math becomes simple...

There is no such thing as negative canola stocks...zero is zero...if you have an agency that is honest. Whether it be the CGC or statscan.

In my estimation they have been borrowing from new crop for years to make their numbers work...can get away with fake numbers in July when the crop is only days from coming in...little tougher to do in January.

But this discussion boils down to this.....when will this be investigated by the ag committee?????

[wmoebis]

As usual, I will add my stupid comments ....once we hit zero carryover the math becomes simple...

There is no such thing as negative canola stocks...zero is zero...if you have an agency that is honest. Whether it be the CGC or statscan.

In my estimation they have been borrowing from new crop for years to make their numbers work...can get away with fake numbers in July when the crop is only days from coming in...little tougher to do in January.

But this discussion boils down to this.....when will this be investigated by the ag committee?????

When Farmers were sending people all over the world on Market Missions they weren't selling just promoting, what numbers were they using? Does it seem funny that this year when they weren't able to travel prices reacted the way they did after hearing how important that face to face with real Farmers is.

[Guest]

Also the carry over stocks were way over 'estimated' , if the carryover stocks were as large as stated canola would be barely over $12 now and maybe starting a run , not just after the harvest flush finished. Canola was way undervalued last summer and going into harvest based on false high carry over stocks and projections of a record crop.
Leaves very little faith in market reporting from line companies and market experts.
thats a big reason why canola is now near historic highs, huge carry over was never there, sales went unreported, the 2020 canola crop was less than 'experts' claimed all bolstered by soybeans as well.
Regardless the chickens have come home to roost now .

huge , huge carry over two years in a row !
huge , huge 2020 crop !!
what could possibly have gone wrong ?

[furrowtickler]

One other thing that was rarely mentioned was the massive flooding in a huge crop growing area in late summer in China
But getting reliable info out of China is a mystery most times at best .

Regardless it leaves us in a much better position now than a year ago at this time .
Have to look through muddy water at times to see a little more clear on our own. Sales reporting should help and most countries do .

[wheatsnowcanola]

STOP paying for market advise. Unpopular opinion I know. Use your head, read news, and live with your decisions. I don’t need to pay someone to make mistakes. I can do that all on my own.

[blackpowder]

It sure would be nice to see our checkoff money spent on lobbying for this and carbon sequestering...

Considering that is what farmers asked for through resolutions at the AGMS.

What good does a new variety do for you if you lose 150 bucks an acre in lack of transparency in the market? ????

Thank you Mr. Weber for pushing this in media....farmers have to start being more engaged on this .

Call your MPS that are still patting themselves on the back for the open market...how about finishing the job.

Please don't derail thread but.
When you talk of getting paid on carbon sequestration. Don't expect to see any of that money on rented land.
Can add more on new thread later.

[SASKFARMER]

Owned it will be paid.

[malleefarmer]

Your China wheat sale got a mention here in commodity reports.

[LWeber]

Your China wheat sale got a mention here in commodity reports.

It is okay in Canada to have 40 gas stations in a 10 mile stretch and all charging $1.09/litre because you know they don't talk. The competition bureau failed in that. Hard not to feel empowered when no one has taken a run at corporate entities here like they have in the USA. And to make sure the American people never forget - they make a movie out of it.

Just fn once i'd like a grain company announce that they sold wheat to China - canola to China - peas to China...