Originally posted by SASKFARMER
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Friday Crop Report on a Thursday.
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Interesting article on durum crop and stocks;
https://agupdate.com/farmandranchgui...72a51b5e6.html
“Overall, the world supply and demand situation is very tight. Production was lowered again in July and now sits at 1.15 billion bushels, which is similar to last year,†she said. “But the number everyone is focusing on is the ending stocks number, which continues to shrink. The new estimate is now at 130 million bushels, which is down almost 40 percent from last year and the lowest in 30 years.â€
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and Canola
https://agupdate.com/farmandranchgui...related-bottom
Canola prices have taken a breather in the past two weeks after running up significantly since June 1. Moderate weather conditions and forecasts in the U.S. have eased some concerns over crop production, which has negatively affected the markets. However, very dry conditions in Canada will result in a much smaller canola crop than anticipated just two months ago. Total canola production in Canada may be in the 16 million metric tons (MMT) to 17 MMT range compared to government estimates of 18.8 MMT.
Agriculture & Agrifood Canada recently estimated canola ending stocks for the upcoming year of 600,000 metric tons (MT) and an average canola price of $760 CAD. Ending stocks and exports will have to be cut in the next monthly report. With the lower production seen curtailing canola exports, there have been reports of two cargoes of European ****seed delivered to eastern Canada recently. This is not a surprise since North American canola is priced well above European ****seed. The European ****seed/canola spread ended the month of July at minus $104 per MT USD (canola over ****seed). This is the largest spread seen in 20 years.
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Originally posted by Hamloc View PostJust curious Freightshaker what area do you farm in? How do you like what appears to be a FD2 header?
Now the X9, few startup issues. Leave judgement for later.
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