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Grain Markets Errol?

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    #25
    Originally posted by biglentil View Post
    Do you have a seperate tank for winter diesel?
    Not a bad question.

    Would you buy a second large tank to save a 3% loss in mpg?

    I'd burn winter all season long to save one road trip gel up.

    Comment

      #26
      Originally posted by biglentil View Post
      Do you have a seperate tank for winter diesel?
      YEs. We have a 1000 gallon and 4000 gallon that we can use for winter fuel.

      We fill the 4000 gallon tank from the 750 BBL tank inorder to be able to track our use. Really hard to understand what is left in the tank otherwise.

      We bought 60000 L last spring and had fuel left over. on 5800 acres. With a larger crop we would likely need a bit more fuel but interesting to know the L/acre of our farm. A little over $10/acre.

      Our first year we filled at 50 cents/L. Been a guessing game ever since but seems like we save about $3000 per year on delivery costs on 60000 L.
      • Likes 1

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        #27
        We use these tank gauge boards, very simple install.
        [url]https://hawk-eye.com/products/tankage/level-indication/[/url]

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          #28
          Great Stats Can report today. Funny my crop didn’t get any bigger in the bin.

          My cucumber and turnip crop did exceed expectations.

          Nice Christmas present coming … more lower prices.

          Look out next yr!!!

          Comment

            #29
            Stats can report.
            The Daily — Production of principal field crops, November 2023
            https://www150.statcan.gc.ca/n1/daily-quotidien/231204/dq231204a-eng.htm
            Canadian farmers reported producing more corn for grain and soybeans, but less wheat, canola, barley, and oats in 2023. Lower production for most crops was driven largely by lower yields, especially in Western Canada where growing conditions were generally drier than in 2022.

            oats down 50%
            Wheat down 7%
            Canola down only 2%. Is that a function of the area where wheat is grown vs canola?
            Barley down 11%
            Not the disaster it was advertised to be.

            Comment

              #30
              You are taking yr to yr, I’m talking the crop got bigger from Sep to now.

              The bone heads new better than call me.

              Crooks will lower prices and scare us into selling. Oh, but first they will offer a “premium” to fill a train.

              Let’s all jump on the train!!

              Comment

                #31
                Crop got bigger, but inline with estimates.
                Last edited by Sodbuster; Dec 4, 2023, 16:18.

                Comment

                  #32
                  Rate cuts, rate cuts, rate cuts . .

                  Central bankers continue to live in the Land-of-Oz . . . Economies are in stall mode. China stock market now at a 5-year low.

                  A steady dose of reality is about to hit bankers as consumers completely tapped out.

                  And a U.S. stock market rally fueled by greed. Commodities have sent a stern warning that hasn’t even been quoted in the equity world. Errol’s Commodity Wire on substack.com
                  • Likes 1

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                    #33
                    Oil Selloff Continues: WTI oil now threatening to break $70 per barrel on record U.S. oil production. Alberta WCS oil now approaching $49 per barrel. OPEC feeling-the-heat. Trend remains down.

                    Key support for WTI appears technically near $63.50 per barrel on continued selldown. This suggests WCS may slide into a $40 to $45 per barrel range. Fuel prices appear heading lower (IMO) . . . .

                    Comment

                      #34
                      Originally posted by dave4441 View Post

                      YEs. We have a 1000 gallon and 4000 gallon that we can use for winter fuel.

                      We fill the 4000 gallon tank from the 750 BBL tank inorder to be able to track our use. Really hard to understand what is left in the tank otherwise.

                      We bought 60000 L last spring and had fuel left over. on 5800 acres. With a larger crop we would likely need a bit more fuel but interesting to know the L/acre of our farm. A little over $10/acre.

                      Our first year we filled at 50 cents/L. Been a guessing game ever since but seems like we save about $3000 per year on delivery costs on 60000 L.
                      Don't rush to fill the diesel tanks.
                      • Likes 3

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                        #35
                        Was quoted $1.34 this morning delivered, thought that was too high.

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                          #36
                          Originally posted by Taiga View Post
                          Was quoted $1.34 this morning delivered, thought that was too high.
                          Rack pricing today is about $1.05 for superbee loads plus 5-6 cents for delivery. So i would say 1.34 is extremely high. But the spread isnt normally that great. usually 6-8 cents/L
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