Crude oil skyrocketing

[jazz]

What could the ESG loons do for an encore? I know, lets get doctors and nurses involved in energy policy. They were so great with that medical tyranny and daily shaming for covid.

LOL

[foragefarmer]

Maybe not a bad plan , get out before the Liberals steal thing you have taken a life time to achieve
My buddy cashed out this spring , auction here in November. He was tired of this b/s before , and it’s way worse now .
Got himself a very nice place at the lake , debts paid off and not worried at all anymore of being held hostage by input companies and getting screwed at the line companies.

We are going try to ride this out , good or bad , my heart and soul not ready to quit and my nephew is all in and deserves a shot . It will be difficult, but willing to fight to keep this farm out forefathers started well over a century ago from scratch with nothing for a better life . We can get by by being frugal for now , done it before and made it through . You don’t need 150lbs of N to grow a crop , we proved that to ourselves and have done very well . This year hurts but there are many ways to skin a cat or grow a crop by thinking outside the box and ignoring the input dealers maximum crop growing strategies . They fail more than they help even on average years .

The best right now would be for everyone to just walk away for the next year , and let these shortages choke on themselves. I strongly believe that at least 50% of this is made up b/s as an excuse to capture every last penny from the farmers to feed this swollen top heavy ag industry.

It wouldn't be good to call it quits before you are truly ready, your farm is a part of you and your family.

It sounds like your nephew is wanting to keep the farm in the family name.

You and more than likely his father or who ever is involved just have to continue to give him a good leg up so one day he can take the reins in the future.

Stepping back slowly in the upcoming years will give you time to fish and relax.

Just my thoughts!

[macdon02]

Quick glance at the loonie and this thing could see 90 cents

[Sodbuster]

Quick glance at the loonie and this thing could see 90 cents

Following oil up? No other reasons I can think of, certainly not our government or deficits.

[furrowtickler]

It wouldn't be good to call it quits before you are truly ready, your farm is a part of you and your family.

It sounds like your nephew is wanting to keep the farm in the family name.

You and more than likely his father or who ever is involved just have to continue to give him a good leg up so one day he can take the reins in the future.

Stepping back slowly in the upcoming years will give you time to fish and relax.

Just my thoughts!

All part of the plan for sometime yup

[farming101]

Quick glance at the loonie and this thing could see 90 cents

Time frame? I'm looking at 1 year + at this trajectory

[macdon02]

Time frame? I'm looking at 1 year + at this trajectory

Best i can do from a tractor seat. But yes, we are on same page. I'll do a post when things slow down or snow flies, whichever comes first. Could still see a test of support, Nov shows a direction change. But im getting bullish rather then bearish and it's all commodity based. Looks like we'll be pumping oil for some time yet.

[errolanderson]

The jump in oil prices may eventually just run out-of-steam. The current oil rally is living on borrowed time as global producers have the ability to flood the market with supply . . . quickly. A break below $70 per barrel would take very little to achieve, if market hype begins to stroke out.

If crude breaks, there may be a general downward wave in global commodity prices. Overall, inflationary pressures will likely subside as economies slow. Some sectors may feel incoming price reductions (deflation). Timing of this is difficult . . . but the writing is on-the-wall (IMO).

[jazz]

errol, CPI was up again today with no end in sight. Big energy and food and shelter increases will continue to seep in and with some $3.5T in spending from Brandon coming, inflationary is the dominant trend right now.

[errolanderson]

errol, CPI was up again today with no end in sight. Big energy and food and shelter increases will continue to seep in and with some $3.5T in spending from Brandon coming, inflationary is the dominant trend right now.

jazz, yes dominant trend for now . . .