• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Announcement

Collapse
No announcement yet.

Canola Crop estimated at 19.0 MMT

Collapse
X
Collapse
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Canola Crop estimated at 19.0 MMT

    Trying to find the genius on here that said " bar chart - it is all you really need"


    Canada ****seed production down again as hot and dry conditions continue to take hold

    2021/22 Canada ****seed production is lowered by 1% to 19.0 [16.6–21.3] million tons, as poor soil moisture continues to be a concern in the majority of producing regions of Western Canada amid a historic heatwave. Our current estimate puts planted area at 8.6 million hectares, up 2% from last season, which is below the StatCan’s latest estimate of 9.1 million hectares in its Principal Field Crop Areas report (29 June). The USDA’s World Agricultural Outlook Board (WAOB) pegged its estimate of Canada ****seed production at 20.2 million tons early July. The next StatCan update will be released in its Production of Principal Field Crops report, which is scheduled for late August. Unfavorable hot and dry conditions once again dominated much of late July across the Southern Prairies, depleting soil moisture reserves even further. Abnormally high temperatures were observed in Alberta and the western parts of Saskatchewan (2-4 °C above average), amid a continued lack of moisture (with deficits between 10-30 mm below normal). Alberta Agriculture and Forestry rated only 37% of its crop in good to excellent condition, far worse than the 5-year average of 74% and the 10-year average of 73%. Vegetation densities derived from satellite imagery continue to remain below historical median levels across most major production regions, and are turning downwards abruptly. Yield concerns are mounting as another heatwave is set to scorch Western Canada again next week.

    #2
    Who is manipulating the market?????????????

    And why are they not being held accountable????????

    There is not a 13MMt crop of canola.

    Comment


      #3
      I’ve been told that our area is one of the better ones, this year I would be happy to just to break 20 bushels. Lots of single digit yields out there, going to have to be a lot of 70 bushel fields to get to 19MMT.

      Comment


        #4
        19 MMT is unbelievable....

        Comment


          #5
          $31 a bushel starting in 1 month from now

          Comment


            #6
            There is not an 11 MMT crop ,FFS

            Comment


              #7
              Originally posted by Robertbarlage View Post
              $31 a bushel starting in 1 month from now
              $1367/MT - Telemiracle Robert ... Which way are we going... Higher....

              Comment


                #8
                Originally posted by LWeber View Post
                $1367/MT - Telemiracle Robert ... Which way are we going... Higher....


                Comment


                  #9
                  Originally posted by Robertbarlage View Post
                  $31 a bushel starting in 1 month from now
                  If it hits 31 bucks, there are going to be some happy faces in these parts. What will barley and wheat hit?
                  Last edited by Sheepwheat; Jul 29, 2021, 09:19.

                  Comment


                    #10
                    Originally posted by Sheepwheat View Post
                    If it hits 31 bucks, there are going to be some happy faces in these parts. What will barley and wheat hit?
                    Not to be a goofball here, but after thinking a bit more. What if your canola goes 8? And you get 31 bucks? 244 an acre. Plus crop insurance coverage if at the 80% level. Most guys surely could get close to a thirty bushel payout after eight bushels deducted? Some guys a lot more, some a lot less, but say average 30. Times the scic price.

                    Not bad actually, no? Trying to be optimistic here…

                    Comment

                    • Reply to this Thread
                    • Return to Topic List
                    Working...