Beans down 9 tonight on respectable volume

[Incognito]

$6.00 canola may be a memory in the morning.

Funds have now dumped 25% of their long bean position in two days.

[charliep]

Soybeans have lost over 50 cents a bushel from their high and canola $20/tonne. Markets like this always remind me of the importance of having a plan/discipline. Strategies include pricing a percentage into a rally, running a stop behind a rising market/taking action when tripped, using technical analysis tools to indicate turning points, buying puts, using grain company minimum price contracts, etc.

Will look for others comments as to whether the oilseed market has run its course. Weather in Brazil/impact on markets seems to have been factored in. Funds are abandoning the market about as fast as rats leaving a sinking ship. To me, there has to be some news to reverse the current trend lower. Others thoughts?

[FarmRanger]

Perhaps Canada needs to abandon the caste system, where what family you are born into determines your level of government services. You would think that such an "enlightened" country would have less racist ways of dealing with its people. I thought we were all equal, but some are obviously more equal than others.
If we as a nation would stop trying to undo past wrongs by committing opposite wrongs today, we might ALL be better off.

[TOM4CWB]

Charlie;

Volitility will be the key to these markets... as when S/D are taken into account we don't have very much room for production short fall this summer!

Interesting comment we heard was that when the EU subsidises a sale... it arbitages UP the grains consumed inside the EU... which can increase the value of other grain exports we are sending to the EU. (EG. Feed Peas)

[nw9flynn]

Charliep,
I agree with you 100% about having a disiplined sell plan. I have talked to lots of farmers who 2 months ago would have done anything to get 6.25 on their canola. Once it happened they held out for more. Now they are in the same position they were in 2 months ago. If they would have stuck to their plans they would have money in their pockets as I write this.

[grrrr]

We had a politician here in Saskatchewan that was trying to deal with all of these racist issues but the media got involved too much and made HIM out as being the racist. It became "politically correct" to bash Jim Pankiw and he eventually lost in the last federal election.

[r.reid]

I hear that. Jim should have been Prime Minister in my opinion. But guys like John Gormely (sp?) turned it into a race issue and a bashing fest on Mr. Pankiw.

Nothing in the last budget for agriculture. But every reserve in the north has a new multi-million dollar school, (paid for by the farmers of Sask.). Even if it's only 15 minutes away from another half full school multi-million dollar school. It's a crap system we have here but surely to God even they must see that the equation goes like this:

$$$ farms = $$$ for everyone else

What gets me is that all of the big shot indians seem to think that they are entitled to all the money, programs and what ever they want. Like pigs at a trough. Even though they contribute ZERO, NOTHING, to deserve the fruits of our labour.

I'd really, really like to hear the reasoning behind this type of thinking!!

Bad now?? You bet it is. But just wait 20 years.

[r.reid]

Remember First Nations are federal responsibility and the Federal Government must honor the Treaties that were signed many years ago.
If the Treaties need to be reviewed it will take a lot of give and take to get it done.In Alberta many of the Bands have oil rights and have gone into many business endeavors, including oil companies, hotels etc. They seem to have a lot of young folks that have a good business sense and are working very hard to rise above whatever diversity they have had in their lives. There are those that have fallen along the wayside and certainly are a financial cost to society.
In Alberta, Children's Services major clients are First Nation children. A friend of mine is a member of the Elders Circle with our regional Childrens Services, and she feels as bad as anyone to think that their people are costing so much to society.
It is a huge issue, and one that cannot be solved easily.

[r.reid]

They took the CROW rate away from the farmers and that was supposedly written in stone too "emerald 1".

What do you think should be done emerald 1? They get paid to attend FREE university. I can't. There is NO reason for them to have any hardships, and to be societies expence NOW-a-days.

What do you mean when you say: "federal responsibility and the Federal Government must honor the Treaties that were signed many years ago"??

I think they've been paid back ten-fold. Where do you think the feds get the $$$ from? It's me, my co-workers at a factory, my Dad, both Grand-parents (who are still farming in their 80s), and every other person working and paying into the system. Not some magical money box in Ottawa somewhere.

Emerald 1, tell your friend at the "Elders Circle" that maybe if the kids parents would raise their children and not worry about the bar, the bingo hall, or casino, then maybe, just maybe, they wouldn't be the #1 stat in jail or child services custody.

[cowman]

You want to know something? People are people. Just like dogs are dogs? You treat somebody right and they will respond in the right way.
The whole concept of treating a certain group like they are different is I believe basically flawed? Lets face it we have a major problem with our first nation peoples? Why?
I would suggest it is because we have not helped them out with the idea that they are #1. Canadians(not natives)
#2. Nobody owes you anything!
There are native success stories...most of them take place once the "native" decides to hell with this apartheid bullshit, I'm going to make it as a CANADIAN!
Indians have all the abilities that European Canadians have! They are not some kind of neanderthals or something!
But we have a federal government that insists that they are a bunch of losers who need the government to baby them!
The time has come to get apartheid out of the Canadian system?
Do the same thing they did with the CROW? Declare it null and void...pay the natives off...just like the farmers...and get on with life?
We all might just be surprized how many success stories come out of this?
Hey, people are people?

[cowman]

I agree cowman, but I also want to point out that there are numerous kids in crisis in this province that are not native, and there are kids sitting in detention, half way houses and God knows what else that are not native. Kids that have screwed up their minds on drugs and have excellent homes and parents that are doing everything they can to raise their kids right. You do not have to be native to make mistakes and society pays for all, native or other.

[Horse]

I agree with all of you but the fact remains that we are a stitistical? people and the natives are high on all the bad sides and sure there are antidotes on the other side but I think the majority rules on this.