DEFLATION: Comin-in strong

[shtferbrains]

I started using Walmart Trans hydraulic as it was a lot cheaper to keep extra around to refill after blown hoses.
Have an old 6400 FWA with 17000 hrs that has seen a lot of 15-40 over the yrs. Use coop synthetic in the winter.
A guy who said he worked in the lab at the Coop refinery told me there was nothing wrong with it.
The price seems to stay the same no mater what a barrel of oil is worth.
Used to buy JD +50 on the annual sale.

[ajl]

Agree , I see zero discounts and only continued inflation in everything Ag related ….. everything

As it was in the 80's, deflation started on the output side not the farm inputs side. This is why so many were in financial trouble. We see oats, once bid at $10 locally, now $4.35. (Better than the 3.25 it was). Canola down from $28 to around $20. (Canola price rose after the fact that canola yields were lower than expected) Wheat got picked up at $12.50 yesterday, now you can't get that. My 13.50 wheat target has expired. First time a grain target expired in a long time. Wheat has a war premium in its price as the crop was fairly good around here as were oats that do not have a war premium in the price. Watch for deflation on your outputs.

I have used Walmart oil to top up anything that burns oil, which is most equipment. All equipment still going. I also use Agco 15/40 which is $99 per 5 gal pail. Can usually get Case No 1 for similar if they refill my bucket. $9 per litre seems pricey for non synthetic. Have gotten Shell T6 synthetic for around $130 per 18.9L pail during UFA oil sale after rebate. Stocked up and use it in the snow pushing tractor and the diesel pickup.

[errolanderson]

As it was in the 80's, deflation started on the output side not the farm inputs side. This is why so many were in financial trouble. We see oats, once bid at $10 locally, now $4.35. (Better than the 3.25 it was). Canola down from $28 to around $20. (Canola price rose after the fact that canola yields were lower than expected) Wheat got picked up at $12.50 yesterday, now you can't get that. My 13.50 wheat target has expired. First time a grain target expired in a long time. Wheat has a war premium in its price as the crop was fairly good around here as were oats that do not have a war premium in the price. Watch for deflation on your outputs.

I have used Walmart oil to top up anything that burns oil, which is most equipment. All equipment still going. I also use Agco 15/40 which is $99 per 5 gal pail. Can usually get Case No 1 for similar if they refill my bucket. $9 per litre seems pricey for non synthetic. Have gotten Shell T6 synthetic for around $130 per 18.9L pail during UFA oil sale after rebate. Stocked up and use it in the snow pushing tractor and the diesel pickup.

Right-on-the-money . . . Deflation is swirling all around the ag industry, for those that can see it.

[Guest]

have been using rotella T4 15w40 from walmart for years , usually $69 for 19 liter pail
can tire will match price
have been out for a while but i see they have it again at $98
just hasta wait for oil sale and get it cheaper
Co-ops have become high priced convenience stores

[blackpowder]

BoC chief should be buying his own necessities personally, maybe the rate increases would stop.

[blueversi]

Pig barn is ahead of the elevators for wheat price here once again. Canadian tire at 72 bucks for 18.9 litre pail of Mobil 15/40 in latest flyer , hasn’t been that low for awhile so adding some to the stockpile.

[blackpowder]

CNH 15-40 $153.40
10-40 $169.00. 18.93 litre pail.

[blueversi]

CNH 15-40 $153.40
10-40 $169.00. 18.93 litre pail.

That is for synthetic I’m assuming?

[Guest]

Pig barn is ahead of the elevators for wheat price here once again. Canadian tire at 72 bucks for 18.9 litre pail of Mobil 15/40 in latest flyer , hasn’t been that low for awhile so adding some to the stockpile.

Is that on now ?

[Guest]

CNH 15-40 $153.40
10-40 $169.00. 18.93 litre pail.

It’s way better tho ****
Like the green microwave popcorn lol