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    #25
    Don't trust bear market rallies.

    There will be a time, but it is too early.

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      #26
      A few major factors that may sustain a rally somewhat …
      - Worst US wheat crop ratings in 60 years
      - despite rains in some areas , major wheat producing areas in western Canada are still in big trouble like Manitoba , eastern Alberta and Western Sask . Many areas the rains too late , or still very little
      - and then there is this …


      After dumping a very large amount of cheap wheat into the market the past 6 months there is a huge very dry area in the main wheat growing regions there .
      Last edited by furrowtickler; Jun 21, 2023, 17:56.

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        #27
        I don't care as we will have very little to sell.

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          #28
          Originally posted by agstar77 View Post
          I don't care as we will have very little to sell.
          Was exactly the same for most of us in 2021 , big rallies with no crop . But no one gave a crap about 80% of western Canada that had nearly no crop to sell . All anyone could do was demonize farmers about high prices when it did not matter to the vast majority of us
          Last edited by furrowtickler; Jun 21, 2023, 18:16.

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            #29
            Can't be much of a carry over?

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              #30
              Originally posted by furrowtickler View Post
              Was exactly the same for most of us in 2021 , big rallies with no crop . But no one gave a crap about 80% of western Canada that had nearly no crop to sell . All anyone could do was demonize farmers about high prices when it did not matter to the vast majority of us
              We also had a short crop in 21. Sold 90% of 22.

              Comment


                #31
                Originally posted by agstar77 View Post
                We also had a short crop in 21. Sold 90% of 22.
                That’s the great thing about open markets

                Comment


                  #32
                  Todays Drought Monitor



                  Precipitation forecast:



                  Will be interesting to see what happens…

                  Blessings and Prayers

                  Comment


                    #33


                    That’s 1/2 in rain or less in the driest area with very hot temps coming in this same area ….


                    Market will try to overstate the “benefit” of that system.

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                      #34
                      Old crop cwrs back to $11 , had four terminals call this morning looking .They are also looking to lock in new crop canola and wheat.

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                        #35
                        Originally posted by fcr View Post
                        Old crop cwrs back to $11 , had four terminals call this morning looking .They are also looking to lock in new crop canola and wheat.
                        They don’t want wheat bad enough yet. Have targets about $1 above market for old crop, and they aren’t stretching for them yet.

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                          #36
                          Originally posted by fcr View Post
                          Old crop cwrs back to $11 , had four terminals call this morning looking .They are also looking to lock in new crop canola and wheat.
                          That tells you all you need to know about the coming crop.

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