WTF Wheat taking a fall!

[furrowtickler]

I guess the “sanctions” were / are useless .
In fact detrimental as Russia found ways around sanctions and now flooding markets with cheap grains and oilseeds .
A lot of told ya so’s showing up now but absolutely no one anywhere predicted this commodity collapse 4 months ago , other the Errol I guess

[wheatking16]

I guess the “sanctions” were / are useless .
In fact detrimental as Russia found ways around sanctions and now flooding markets with cheap grains and oilseeds .
A lot of told ya so’s showing up now but absolutely no one anywhere predicted this commodity collapse 4 months ago , other the Errol I guess

Some have been bearish for the past year and half.

[ColevilleH2S]

I guess the “sanctions” were / are useless...

It sounds like you are under the mistaken impression sanctions on Russia applied to food.

[furrowtickler]

It sounds like you are under the mistaken impression sanctions on Russia applied to food.

Yup guess so .

[fjlip]

Not to food maybe, but sanctions HURT their Ruble, now other countries buy Russian grain at a discount, due to exchange, wrecking out prices....Our own fault.

[LEP]

All we need now is mother nature to throw a curve ball and we will have the makings of the 80's. You guys remember the good old days don't you

Many of us have had those years recently.

[helmsdale]

Many of us have had those years recently.

Here it's been an exercise in going through the motions since '21. South and east it's been one garbage crop after another since '19. Crop insurance with built up averages and respectable commodity prices have at least kept people in the game.

I suspect new crop insurance numbers are going to be dismal.

Even at 80% $'s/ac coverage will likely come in somewhere around:
cwrs @ 22bu area average and $8 = $140
Cwad @ 22bu and $9.50 = $167
Peas @ 33bu and $9.50 = $272
Canola @ 18bu and $12 = $173

That's between $40 and $75 per acre less than last year

[makar]

Many of us have had those years recently.

I could have survived the early 80s with a lot less pain without 24% interest. If that happens again western Canada will not look the same.

[AlbertaFarmer5]

It sounds like you are under the mistaken impression sanctions on Russia applied to food.

Food was exempted. But the theory was that shipping and currency would be the problem. They haven't been so far.
The pundits also thought Russia would destroy Ukraine's agricultural infrastructure. They didn't
The theory I've read recently, is that Russia desperately needed China onside, to keep their economy functioning, and to provide war material.
And China's condition for support was, keep the food flowing from Ukraine to keep prices from blowing up.

[furrowtickler]

Here it's been an exercise in going through the motions since '21. South and east it's been one garbage crop after another since '19. Crop insurance with built up averages and respectable commodity prices have at least kept people in the game.

I suspect new crop insurance numbers are going to be dismal.

Even at 80% $'s/ac coverage will likely come in somewhere around:
cwrs @ 22bu area average and $8 = $140
Cwad @ 22bu and $9.50 = $167
Peas @ 33bu and $9.50 = $272
Canola @ 18bu and $12 = $173

That's between $40 and $75 per acre less than last year

Very few have a clue on the real numbers
thank you for posting
there are many that think we all are guaranteed $1000/ac in this ag industry and it’s not even remotely close for 80% of us