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Cdn Dollar Breaks 80 Cents

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    #13
    Originally posted by ajl View Post
    I don't think canuckistani ports are equipped to off load bulk carriers. I used chinese urea a decade ago the year local prices climbed over $800/MT. I was imported in containers. It was fairly good product and the air drill handled it no problem. Container freight has to be arranged far in advance and likely can't be done right now so we are permanently connected to the US market in fertilizer. Third world problems.
    Being held to the the US system for phos isn't a wise thing for the industry here...Mosaic has essentially asked the US government for a monopoly on Phos in North America...to protect their market they are not capable of servicing.

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      #14

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        #15
        The fed blew themselves up today. Interlending system failed last night, 7yr bond auction failed today.

        After a yr of govt lies and deception from covid to Trump, any surprise that faith is being eroded.

        Not in a million yrs would I hold govt issued debt of any duration.

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          #16
          May we live in interesting times...

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            #17
            Originally posted by jazz View Post
            The fed blew themselves up today. Interlending system failed last night, 7yr bond auction failed today.

            After a yr of govt lies and deception from covid to Trump, any surprise that faith is being eroded.

            Not in a million yrs would I hold govt issued debt of any duration.
            They're all stuffing out statements like, "rates are still very low historically." Or, "we see no need to intervene at this point."

            Nothing to see here!

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              #18
              Sharp loonie setback today led by broad-based weakness across global commodities. After breaking above 80 cents yesterday, the June Cdn broke toward 78 1/2 cents U.S. today. Choppy action likely next week.

              Dr. Copper had a sick day down nearly 20 cents/lb. Crude oil lost more than $1.50 per barrel. Gold down $60 per oz at one point mid-morning. The cattle board was bothered by a quiet packer and uneasy equity markets. Soybeans, corn showing exhaustion (IMO).

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                #19
                End of month jitters?

                C$.784 but with C$248B Deficit in 9 months... the whole 20/21 CDN Federal Deficit over $350B...? A$ down hard as well...

                So heard many longs in corn [365,000]; hard to believe the rally is over... but 'when' it breaks down... don't want to be near the exit door...

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                  #20
                  78.59. Guess Trudeau’s dollar strengthening. 💪

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