Energies / Bio-Diesel Prices Break

[errolanderson]

Oil fallout continues . . . a rough few days for Saudis and OPEC cartel.

Technically, major long-term chart support for WTI is seen around $45 per barrel. Should the unthinkable happen (according to mainstream media), the Alberta WCS oil price could collapse into a $30 to $35 per barrel range.

Freshman demand news is needed ASAP to recharge global oil. Supply cuts don’t cut it.

[foragefarmer]

Closed $68/barrel, Russia invading Ukraine, Saudi's cutting production, and still oil drops.

Haven't heard a peep from Jazz, all c ock sure on Agriville not that long ago oil would be $200-$300/ barrel and the energy super cycle was to take off, just the opposite.

Have you all of a sudden shorted oil, Jazz?

[errolanderson]

Commodity markets have made a fool of me many times.

I sure didn’t see the strength of the cattle market rally this spring. But markets are always right, not analysts. Also, thought the top of equities was at the start of 2017. That was a good one. Mind you, a huge dose of central bank manipulation has been the story.

We all have the right to opinions, right, wrong or centre. Keep those opinions coming. That is what makes a market.

One thing for sure, I’ll make a doozy wrong prediction sometime soon . . . .

[wheatking16]

Commodity markets have made a fool of me many times.

I sure didn’t see the strength of the cattle market rally this spring. But markets are always right, not analysts. Also, thought the top of equities was at the start of 2017. That was a good one. Mind you, a huge dose of central bank manipulation has been the story.

We all have the right to opinions, right, wrong or centre. Keep those opinions coming. That is what makes a market.

One thing for sure, I’ll make a doozy wrong prediction sometime soon . . . .

It is part of playing the game.

The other option is to sit on the sidelines and never be wrong.

[foragefarmer]

It is part of playing the game.

The other option is to sit on the sidelines and never be wrong.

Farming certainly is a high stakes but it's hardly a game, and those in it at ground level are never sitting on the sidelines.

Maybe to analyst and those in the industry it is, but to farmers when it's go time and major decisions in the $100Ks- $millions have to be made regarding marketing and purchases, it's real.

Off the wall predictions or opinions are just that if they are not being executed by the person making them.

"Put Your Money Where Your Mouth Is"

[Old Cowzilla]

Commodity markets have made a fool of me many times.

I sure didn’t see the strength of the cattle market rally this spring. But markets are always right, not analysts. Also, thought the top of equities was at the start of 2017. That was a good one. Mind you, a huge dose of central bank manipulation has been the story.

We all have the right to opinions, right, wrong or centre. Keep those opinions coming. That is what makes a market.

One thing for sure, I’ll make a doozy wrong prediction sometime soon . . . .

Cattle market scares me now looking for missing bridge down the rail lines !!!

[errolanderson]

Packers appear still short-bought. Box beef has been on a tear, but beef processing margins now well down.

Summer beef buying typically slows down as beef sales finally covered. But price of fed steers have jumped 20 cents/lb over the past two months adding about $300 per head. Drought sending cull cows of lower quality to town. Cow prices off 1 to 2 cents over past week.

Current corn rally may be rough on feeder cattle futures. Weather season, here we come . . . .