Oz crop in trouble , heat , drought

[furrowtickler]

Crop better than expected in western Canada? I know we were surprised with our yields on less 4” of rain, couldn’t imagine if we had got another 2” of rain in late June and July where we would of been.

Depends on perspective
We were expecting 20 bus canola or less , got better than expected, but still well below average
Rain areas west and north of here were expecting 60 plus , it’s not happening on average

[AlbertaFarmer5]

If this comes true, it seems noteworthy coming from the worlds 3rd largest producer.

https://twitter.com/i/status/1705914203310358659

Picture didn't post. Predicting a 48% decline in canola production in Australia compared to last year.

[furrowtickler]

Well it will be interesting, here in Canada 15-20% of the canola will be average to above average
40% below average and 40% well below average

But traders already have decided that the 15-20% will more than make up for the 80% .

Marketed without fundamental reason anymore

Simply price will be at just above COP for the 20% and the other 80% well too bad .

And no crop insurance does not guarantee SFA

Get just under your coverage level and $15 on the market …… run the numbers , it’s not good .

[BTO780]

With the price difference of $3.62 bu better with crop insurance should have ran the reels faster, fan faster opened up everything and let er buk.

What a joke!!

Fert prices exploding higher.

2021 everything went up due to high commodity prices …. What the frik is happening now?

[WiltonRanch]

Can’t complain about yields this year. Some good crops in the nw but not far south it tapers off. No bumper but above average. It isn’t making up for the zeros. Oat crops are disappointing I hear. Will be tying into ours tomorrow.