Friday Crop Report on a Thursday.

[BTO780]

That’s the problem in most west central Sask right now . Drought hit crops , some guys have sprayed 2 times at least for hoppers and are now just giving up with now rain and zero soil moisture left .
Absolutely can’t keep spending money in situations like that . There are many areas in just about the same situation now or will be in 5-10 days .

Yet the markets continue to plummet.

$18.82 canola or whatever it is through crop insurance sure beats where it’s heading now.

Crop insurance should be getting a tad bit concerned.

No rain in 10 days with heat coming in will have a lot of long faces.

Practice up your hail dance.

[furrowtickler]

Yet the markets continue to plummet.

$18.82 canola or whatever it is through crop insurance sure beats where it’s heading now.

Crop insurance should be getting a tad bit concerned.

No rain in 10 days with heat coming in will have a lot of long faces.

Practice up your hail dance.

Very true , problem is with hail insurance will be the fight over them trying to defer everything right now and the time waiting and dealing with some of them . By far the worst are ex government employees like school teachers that think they know more than you . It’s comical sometimes but aggravating. Some of them need basic agronomy training 101 before even stepping foot into a field to do claims . Some are ok , but had to school some several times on how plants grow , timing , moisture availability and even the fact that 60% of a canola plants yield comes from the main raceme. Some have zero clue , but they can at least add , subtract and count lol . They just don’t know what they are looking at to start with and think they are paying out the contract from their own pocket 🙄

[jazz]

Yet the markets continue to plummet.

Seems to be all about the US corn crop. Some areas getting some rain at the last possible minute and the market acts like its a bumper coming.

I dont know much about corn and soybean, but around here when wheat and canola go without rain for 60 days sure doesnt equal a bin buster.

[Herc]

I’d gladly pay a bit more in premium if they would pay for the actual damage to the crop. Not look at the seeding date, calendar, and give me a fudge factor whether its going to come back.

[woodland]

Keep a close eye on those baby alfalfa plants those hoppers just LOVE those. Sprayed rye grass for army worms that very costly stuff $30/acre. Son doesn't know how we are going to make much by the time it's combined nicklel and dime never ends it seems.

The grain fields don’t seem to have much damage at all yet. They should start flying anytime so that may change.

We’ve sprayed them before but it feels futile for us since there’s so much grass around here and they just keep flying or blowing in.

How’s your grass doing down there?

[makar]

Just gotta figure out why the transmission is overheating on the cat before we continue though. Always something to fix around here………. Likely the torque.

[WiltonRanch]

Seems to be all about the US corn crop. Some areas getting some rain at the last possible minute and the market acts like its a bumper coming.

I dont know much about corn and soybean, but around here when wheat and canola go without rain for 60 days sure doesnt equal a bin buster.

Time will tell. Guy I watch on TikTok from Illinois says the rains were a week late and his corns screwed. Markets are trying to go short on any event which appears to save the crop. While farmers are saying it’s like 2012 out there. So time will tell.

[biglentil]

Its a tricky situation imo. Dryness will lead to an overall tight supply however with tightening in capital markets buyers may also be tight. With record high debt out there servicing high interest rates is draining massive amounts of liquidity out of the system. When the stock market crashed in 1929 due to a liquidity crisis so did grain prices, history may not repeat but it often rhymes.