My apologies Errol but I wrote down the first thought that came to my mind after reading your post.
There are certain outlooks I share with Errol. The amount of debt piled on through and after Covid by governments is beyond reasonable. And I certainly agree at least Canada will be flirting with recession in the first 2 quarters of 2024. And I do think there is an overall bearish tone in the commodity markets. In response to Crestliners original post, it certainly looks like the highs were in at harvest for wheat. The elevator companies are certainly digging in their heals and trying to push the price down based on competition from cheaper wheat supplies like Russia and Ukraine. Canola is certainly undervalued in comparison to Soybeans in my opinion, regardless there seems to be little optimism for canola prices coming back. Land prices in my area still seem to have upward pressure and the price of farm equipment new or used makes no sense. Staying or being optimistic is difficult. But I consider myself very fortunate living in the country and I am thankful everyday when I look out my kitchen window.
There are certain outlooks I share with Errol. The amount of debt piled on through and after Covid by governments is beyond reasonable. And I certainly agree at least Canada will be flirting with recession in the first 2 quarters of 2024. And I do think there is an overall bearish tone in the commodity markets. In response to Crestliners original post, it certainly looks like the highs were in at harvest for wheat. The elevator companies are certainly digging in their heals and trying to push the price down based on competition from cheaper wheat supplies like Russia and Ukraine. Canola is certainly undervalued in comparison to Soybeans in my opinion, regardless there seems to be little optimism for canola prices coming back. Land prices in my area still seem to have upward pressure and the price of farm equipment new or used makes no sense. Staying or being optimistic is difficult. But I consider myself very fortunate living in the country and I am thankful everyday when I look out my kitchen window.
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