pricing 2024 crop

[cropgrower]

Anybody else like me with almost none on 2023 crop sold yet ? just sold a small load at harvest time that we ran out of bin space for , looks like that will be my best price now !

[jdg364]

Right or wrong
45% sold on wht
50% sold on cnl
barley / peas / oats gone

I feel like I missed the signs on the dropping cnl market but the wht has surprised me.. I thought we’d have a better/longer pricing timeframe of +$10. The cnl can sit, I don’t know how selling $13.xx cnl makes any profit so it might as well stay where it is (in my bin).

[Old Cowzilla]

Employee's at crushing plants shouldn't have any trouble getting summer holidays. Ending stocks under 2 mil predicted for canola. Can drive across any field now with a car and heaven forbid April showers a no show.

[Templeboy]

Employee's at crushing plants shouldn't have any trouble getting summer holidays. Ending stocks under 2 mil predicted for canola. Can drive across any field now with a car and heaven forbid April showers a no show.

Export pace so slow, they might be up to their necks in seed. Sure would be nice to have a reporting system.

[AlbertaFarmer5]

Anybody know the currant palm oil situation ?

Up 2% again overnight.

Malaysian palm oil futures jumped almost 2% to touch MYR 3,900 per tonne after retreating to as low as MYR 3,805 in the prior session, supported by firmer crude oil prices and bets of lower production during Q1 of 2024 due to adverse weather. Palm oil production for Jan. 1-15 in Malaysia is predicted to tumble around 17% from the prior month, Reuters said. Also, top buyer India to set import duties on edible oils until March 2025.

?

[furrowtickler]

Interesting that palm oil production down and price up as it should be
canola production is down fairly significant from last year but price is also down around 30%
I would think farmer selling is also down significantly at this time .
Are canola exports still near zero as we have been told for 2 months?

[blackpowder]

Employee's at crushing plants shouldn't have any trouble getting summer holidays. Ending stocks under 2 mil predicted for canola. Can drive across any field now with a car and heaven forbid April showers a no show.

On the contrary, crush margins still excellent. Poor export price competition for raw seed. Carryover I'm told will be average or above.
Crush flat out.

[AlbertaFarmer5]

Did we over advertise the drought last summer? so buyers looked elsewhere, assuming we would have poor supply, for the 2nd year in 3. Meanwhile farmers weren't willing to presell, so exporters couldn't confidently book export sales. In the end, the crop wasn't as bad as advertised, and farmers need money. Domestic crushers appear to be quite profitable at these levels, but have no competition from exporters, so no need to bid up the price.

[Old Cowzilla]

Noticed how quotes on future months all higher now compared to Dec when every month forecast more depressing than last. Record short contracts something has to be done with them? yes: no ?

[AlbertaFarmer5]

EU ****seed production forecast to decline by 0.8 Mn T in 2024, following sharply lower winter ****seed sowings and detrimental weather conditions. Biggest declines expected in Ger and Romania. First OIL WORLD estimates in the Flash report of Jan 18

My neighbor recently returned from Germany. He said big areas have been so wet that winter seeded crops ( wheat and ****seed) acres are way down. I assume those acres still get seeded to something next spring, not sure how that affects total production, at the very least it postpones the harvest dates.

[blackpowder]

Noticed how quotes on future months all higher now compared to Dec when every month forecast more depressing than last. Record short contracts something has to be done with them? yes: no ?

Appears to be a normal carry, no more than the TV of $.

[SASKFARMER]

2024 could be a challenging year with these prices.

[BTO780]

2024 could be a challenging year with these prices.

It’s challenging now, wait a yr. Going to get ugly.

[wmoebis]

I don't follow pricing much. Are Canada's prices the same as in the USA? Does the $ value difference have much effect? Just wondering how that works out.

[SASKFARMER]

Oh yea at this rate we will be back to $6 dollar wheat and 10 or under canola.