Down $45 already this morning. They must think it’s even bigger than originally estimated.
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Let the trade wars begin China also announced a possible duty on Canadian chemicals. Gonna phone local ag retailer to see how much they dropped
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Dollar here dollar there won’t affect me. Didn’t grow any this yr … thankfully!
Most here is maybe 10, some lower so an uptick won’t do much for the pocket books. Crop insurance will pay the bills this yr.
The places I thought had 50-60 canola are 30-35 at best. Friend of my brothers is in one of these areas.
By Jan - Feb the crooks will realize things weren’t so rosey.
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I knew that Trudope’s tariffs announcement would come back to haunt us, but a $45.00 drop in canola futures is pretty steep. Hoping this drop will create more demand but don’t expect prices will rebound until at least January. This crop is getting smaller every day as we get into harvest but grain buyers won’t step up until harvest is over and farmers sell to cover bills this fall.
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Multi faceted question. Do we want a Canadian auto industry? But an even bigger question is how did the Chinese het 12-15 years ahead of us on electric car and battery development when Western leaders have been pushing the green narrative down our throat since the early 2000’s? Or are our energy choices being dictated by China, a country that relies on coal for much of it’s electricity?
As for blaming Trudeau, as pointed out by Larry Poilievre is on the same page on the tariff issue because he is after the union vote.
Regardless the price of canola will be depressed for a period of time while this is sorted out.
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Originally posted by Hamloc View PostMulti faceted question. Do we want a Canadian auto industry? But an even bigger question is how did the Chinese het 12-15 years ahead of us on electric car and battery development when Western leaders have been pushing the green narrative down our throat since the early 2000’s? Or are our energy choices being dictated by China, a country that relies on coal for much of it’s electricity?
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So they try to save an already failed EV auto industry and a battery plant in Ontario that’s to employ a bunch of foreign workers while decimating western Canada farmers
sounds par for the course
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Trudeau , Freeland and Signh most likely all high fives this morning just giggling how this is turning out
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