Beans and Canola

[wheatking16]

Beans and Canola are worth watching and could be setting up for a correction.







https://klarenbach.substack.com/

[bucket]

A correction in actual production to more like actual 11 mmt

[agstar77]

Traders don't make money if there are no pullbacks.

[sumdumguy]

Think they are shaking the apples out of the trees?

[BreadWinner]

9.6 mmt, dollar down, only direction is up

[furrowtickler]

Someone probably posted a 45 bus crop on Twitter lol

That would represent about 5% of western Canada

[AlbertaFarmer5]

Not sure that canola had much choice but to go down, regardless of supply.
Soyoil dropped almost 3.5% today alone, after multiple down days. Palm oil has been dropping too.
There is going to be a day of reckoning when an immovable object(canola supply) meets an unstoppable force (world oilseed prices). Not sure if the tail can wag the dog for very long.

[sawfly1]

I did see some nice canola crops
At Killam, but had to drive thru 100
Miles of garbage ones to see it.
Somebody said yield was from 2 to 40.
Around here.
But I do not have that many low spots.for the 40
After spraying it all.
My guess is 13 or 14
Single digits are possible.
Another thing , if anybody says snow will
Not grow a crop , they are full of it .
Where i plowed it away, yield will be close
To zero, if there had been 8 inch to a foot on the level,
It all would be 10 bu/acre more.

[furrowtickler]

I did see some nice canola crops
At Killam, but had to drive thru 100
Miles of garbage ones to see it.
Somebody said yield was from 2 to 40.
Around here.
But I do not have that many low spots.for the 40
After spraying it all.
My guess is 13 or 14
Single digits are possible.
Another thing , if anybody says snow will
Not grow a crop , they are full of it .
Where i plowed it away, yield will be close
To zero, if there had been 8 inch to a foot on the level,
It all would be 10 bu/acre more.

We will be exactly the same here sawfly

[seldomseen]

[QUOTE=sawfly1;506067]I did see some nice canola crops
At Killam, but had to drive thru 100
Miles of garbage ones to see it.
Somebody said yield was from 2 to 40.
Around here.
But I do not have that many low spots.for the 40
After spraying it all.
My guess is 13 or 14
Single digits are possible.
Another thing , if anybody says snow will
Not grow a crop , they are full of it .
Where i plowed it away, yield will be close
To zero, if there had been 8 inch to a foot on the level,
It all would be 10 bu/acre more.[/QUOTE


I agree. On a dry year like this snow is a huge contributor to the yield in the end. My land that is higher and more open and wind swept is my poorest and close to the river that is sheltered and has deep snow cover all winter is best and hardly shows drought.