Grain Markets Errol?

[Taiga]

I am a long way from Regina and Edmonton though. But $1.34 was all in including taxes. Still aiming for $1 delivered. Bought a 400bbl tank.

[shtferbrains]

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

Where do you find the Rack pricing and where is the FOB?

[Taiga]

[url]https://www.petro-canada.ca/en/business/rack-prices[/url]

[url]https://www.shell.ca/en_ca/business-customers/app-rack-pricing.html[/url]

[errolanderson]

Bitcoin crashing tonite, down 8%.

Watch crude oil. . . the elephant-in-the-room

[email]errolanderson@substack.com[/email]

[errolanderson]

Root of this price weakness is fallout in China's financial / banking system. China's debt crisis imploding as real estate / building collapses.

Expect Alberta WCS oil to break below $45 per barrel shortly. Will try to place alerts out on my info service as market events unfold. errolanderson@substack.com

[biglentil]

investors last Friday were sold a bag of bs as great job numbers from returning strike workers would motivate the FED to not only hold rates for longer but possibly raise them.

The market got ahead of itself by expecting the fed to cut.

[foragefarmer]

China is in serious financial trouble. Created a false economy.

Over a 100 million condo vacancies, every private developer has declared bankruptcy.

4 trillion dollars lost in the real estate market which makes up 30% of China's GDP.

Youth unemployment somewhere between 20-40% in fact China stopped reporting it as it's gotten so bad.

Haven't been hearing very much from the Agrivller's yapping about BRICS lately, wonder why.

For their sake I hope they didn't put their money where their mouths were, as investing in countries ruled by Totalitarian governments is a taboo and is covered in Economics 101.

[AlbertaFarmer5]

For their sake I hope they didn't put their money where their mouths were, as investing in countries ruled by Totalitarian governments is a taboo and is covered in Economics 101.

That is exactly what the investment world has been telling us. There is a reason why the Canadian government had to use tax dollars to build a pipeline, and to lure EV battery plants.
Investment wants nothing to do with a country which jails opposition, locks bank accounts, controls the media, locks down its citizens and restricts their rights based on class, weaponizes the police, etc.

[foragefarmer]

Investment wants nothing to do with a country which jails opposition, locks bank accounts, controls the media, locks down its citizens and restricts their rights based on class, weaponizes the police, etc.

Yet when it came to Putin's unjustified invasion of Ukraine, you never once posted anything condemning the obvious that this what Putin's dictatorship is all about.

If investment doesn't want to put their money in the hands of commie's where was your opposition to Putin, seeing that your a Libertarian and Capitalist.

Putin was invading Ukraine which is a democratically elected country open for business with unbelievable economic potential. Agriculture, resources, culture, education, etc etc. which all relates back to investment.

Where is your consistency?

[AlbertaFarmer5]

Yet when it came to Putin's unjustified invasion of Ukraine, you never once posted anything condemning the obvious that this what Putin's dictatorship is all about.

If investment doesn't want to put their money in the hands of commie's where was your opposition to Putin, seeing that your a Libertarian and Capitalist.

Putin was invading Ukraine which is a democratically elected country open for business with unbelievable economic potential. Agriculture, resources, culture, education, etc etc. which all relates back to investment.

Where is your consistency?

I was going to make a response regarding Ukraine cancelling elections, jailing journalists, banning churches etc. But this is well into territory that rightfully belongs in Chuck's daycare, so I won't respond any further in this forum.

[AlbertaFarmer5]

I'll be waiting, so stay on topic we're talking about investing in countries ruled by Totalitarian governments so don't try to spin it in direction of Ukraine.

You've tried that far to many times.

You spun it in the direction of Ukraine, I was discussing investment in Canada. Now I recommend we spin it in the direction of Chucks daycare if you wish to continue the discussion.

[foragefarmer]

You spun it in the direction of Ukraine, I was discussing investment in Canada. Now I recommend we spin it in the direction of Chucks daycare if you wish to continue the discussion.

I'm deleting post # 47 as we'll never agree on the Ukraine issue so why waste either of our energy.