Predictions and Observations

[littledoggie]

I believe the cities will soon belong to new immigrants. 430,000 new immigrants in the last 90 days alone. A city's worth. Statistics Canada released findings from the 2021 census which showed the property values among Canadians who owned a home:

$330,000 for Indigenous people
$433,000 for Canadian born white
$466,000 for Blacks
$467,000 for Latin Americans
$510,000 for Arab
$513,000 for Filipinos
$780,000 for Japanese
$795,000 Koreans
$839,000 West Asians
$944,000 - 1,000,000 Chinese

CMHC says the reason white and Indigenous groups had lower average house prices is their higher representation outside of large census metropolitan areas.

[AlbertaFarmer5]

I believe the cities will soon belong to new immigrants. 430,000 new immigrants in the last 90 days alone. A city's worth. Statistics Canada released findings from the 2021 census which showed the property values among Canadians who owned a home:

$330,000 for Indigenous people
$433,000 for Canadian born white
$466,000 for Blacks
$467,000 for Latin Americans
$510,000 for Arab
$513,000 for Filipinos
$780,000 for Japanese
$795,000 Koreans
$839,000 West Asians
$944,000 - 1,000,000 Chinese

CMHC says the reason white and Indigenous groups had lower average house prices is their higher representation outside of large census metropolitan areas.

I heard an interesting statistic the other day. As it turns out, 90% of all statistics are made up.
In other words, I call BS on these stats.

[wade]

I heard an interesting statistic the other day. As it turns out, 90% of all statistics are made up.
In other words, I call BS on these stats.

So, only 90% of that statistic is made up?

[AlbertaFarmer5]

1. The really smart guys are sold out of wheat weeks ago at $9 plus and $16-17 canola. The next smartest guys are selling and hauling wheat now at $8.50-9.00 and Canola for $14-14.50 now. No snow to push, no heated grain, bills will be paid and money in the Bank when 4 feet of snow and -40 below hits in Jan/Feb/Mar....The ones doing nothing today will hate their life in -40 February when the sell for less. The only hope for canola will be the crushers, export market is done and will be cheap buyers, and the crushers can't buy it all. We need more crushers.

So by that logic, what does that tell us about the intelligence of the buyers and end users who are buying early in the year at higher prices than they could have got it later in the marketing year? And have been bidding a carry for future months.
Or is that irrelevant because they are simply working on margins?

Do farmers know Something they don't know, or do they know something we don't know?

[FarmJunkie]

I’m gonna go with Errol is right! Finally

[TOM4CWB]

Selling grain above the 80%tile of the 10 year average… seldom is a unprofitable decision…

Yield and cost of production are obviously part of this calculation…

buying options to insure uncovered grain sales are not going to risk unmanageable financial costs is prudent risk management.

so many farmers lock up grain sales when prices are dropping… it is human nature… self discipline is important when returns in the top 80% of long term inflation adjusted prices are being offered…

Merry Christmas! Many Blessings! Much Wisdom… being humble and forgiving go far to good common sense decisions!

Cheers!

[errolanderson]

Rate cuts, rate cuts, rate cuts. Talk of possible 4 to 7 cuts in 2024 stateside.

How is this rational policy behaviour? From inflation, inflation ‘till the cows come home’ to . . . ‘scared to death of deflation’ within weeks by our leaders in-the-know Meanwhile, the S&P approaches all-time highs as investors confident Fed has their back.

Welcome to reality and 2024 (IMO). Commodities already leading-the-way . . . .

[Old Cowzilla]

You would think they would leave the rates at 5% after all it's the free money that's causing the defaults anyway

[Old Cowzilla]

Oh wait election coming up down south so there will be lots of free stuff coming up. But at our cost I am sure and many others.

[errolanderson]

U.S. mortgage rates now plunging. Over the past two (2) months, mortgage rates experiencing the fastest decline since 2008 crisis.

And stock markets surging to all-time highs. A total disconnect of equities rallying on rate cuts and economic despair.