Canola Price

[AlbertaFarmer5]

Can you find that quote, Chuck?

Sorry for putting words in your mouth. That is definitely a Chuck move.

I just reread the thread, and that isn't exactly what you were saying:

https://www.agriville.com/threads/44834-Canola-60-bushel-swath!!!?highlight=satellite

[AlbertaFarmer5]

Aint no ifs or buts deadset australia IS going to have record canola crop. Massive just massive.

Prices dropping like a stone here now mostly due to lack of shipping slots and boats booked.

Appears that everything accounted and accumulated to meet shipping demands and there's still a shitload un harvested.

I assume that in the areas that had too much rain, the canola wouldn't be affected? Or will it sprout in the pod if conditions are warm and wet?

[LWeber]

Sorry for putting words in your mouth. That is definitely a Chuck move.

I just reread the thread, and that isn't exactly what you were saying:

https://www.agriville.com/threads/44...ight=satellite

[LWeber]

What information can you trust?

I trust the price.

And my dog.

I trust the price and my dog.

All information sourced from Cargill, Viterra, North West Terminal, CMI Terminal, Louis Dreyfus, Price and Data Quotes and Stat Publishing.

Unless you have a +35 year dataset; You have placed your trust in everyone listed above.

https://applications.saskatchewan.ca/Default.aspx?DN=6dd2ea91-22e6-4095-9d2a-67ef8c822897&l=English

PraireCharts has the same gaps in some charts - how is that possible?

[TOM4CWB]

Stats Canada Canola production 18.2mmt…






Blessings and Salutations

[ajl]

Surprise, surprise, the crop is smaller than earlier estimates. What else is new? Seems this happens every year. Canola crop was merely average if anyone looked in the field. It was so dry here in the spring that emergence was very patchy in many fields. When harvest is very dry canola is a light as a feather so if it is at 4-6% moisture you have less than you think in the bins. Last year I had to resubmit my crop insurance after the canola was hauled as the fall bin estimate proved too high. I was hoping the adjuster was correct. Anyways would be nice if the canola council would stop helping the buyers with BS estimates every year. What drives me nuts is all the inputs ads that try to convince you the other guys yield was that good.

[TOM4CWB]

Over 2mmt less production…. In western Canada….

Over 1.5$ Billion cut from grain farmers income….

Now that is quite a one day hair cut…for our communities and family farms.

Deflation… the dry soil going into winter… risk of 2023 drought… below average yield in western Canada… just increased substantially. Our farm has much worse (50%) subsoil moisture than Dec 2021.

With zero rain since August 1… 3/10’s in October was barely enough to wet down 1.5”…this has to be decades since we have been this short of subsoil reserves.

Yet…We are blessed to have the 2022 grain crops we got…

Cheers

[Guest]

Futures rise $32/ton and ADM increases basis +$3 to producer….things that make you go hmmmm🤔

Me thinks a strong Friday finish like that coupled with a better basis to farmer= good things to come in the weeks ahead.

Hope you’re right
I’m still gonna take some $20 if it comes !
I hate to say it in this instance but stats can is a long gone out of touch leftover like chucks CWB

[flea beetle]

Hope you’re right
I’m still gonna take some $20 if it comes !
I hate to say it in this instance but stats can is a long gone out of touch leftover like chucks CWB

Not often futures and basis rise at the same time.

[shtferbrains]

Not often futures and basis rise at the same time.

ADM will really push to fill the book and then back out.