Canola production estimate

[Herc]

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?

Um cause china has had all the blueprints for years. Their hacking skills are just that much better than most. And a lot of information is just freely given when companies are sourcing stuff.

[TASFarms]

Edison motors brought some more light how this green energy works. It’s all a scam.

[furrowtickler]

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

[furrowtickler]

Trudeau , Freeland and Signh most likely all high fives this morning just giggling how this is turning out

[blueversi]

I’m sure Trudeau will bring us some “free” donuts like he did for the union steel plant workers in Ontario and tell us just how hard he’s working for us.

[fcr]

Even with a smaller crop its a billion dollar hit to farmers on canola alone.

[AlbertaFarmer5]

Even with a smaller crop its a billion dollar hit to farmers on canola alone.

Todays market action reduced the value of the canola crop by ~$1 billion

Looks like Canadian consumers bought 40,000 new EV's last year. If average price is $50,000 that works out to $1 billion worth of EV sales total in the entire country.

Guess which industry has more voters?

[wheatking16]

Give the Canola market a few days to digest the news regarding China.

[shtferbrains]

The only EV's this will effect at this time are the Tesla's coming out of his Shanghai plant.
Musk has no friends on the left since he bought twitter and scrubbed some of the woke logarithms.
Chuck could probably better explain why the left hate him only slightly less than Trump.
Weird relationship considering he sells 65% of the EV's and contracts about all the NASA traffic.

[wheatking16]

Often, the market overreacts to the news with two to three days of increased volatility before settling down.

I find Day 1 often brings an overreaction to the news.

Day 2 is a correction in the opposite direction.

On Day 3, the market decides which way the price will go. (Most often in the direction of the trend)

Several of my mentors avoid trading for two to three days following a news event like this.

Except for short-term scalp trades.

In my opinion, the best timeframes for a farmer to view the market are a swing trade (days to weeks) or a position trade (weeks to months).

The daily wiggles and squiggles can raise emotions and shake one of their positions.

In other words, today is not the day to panic.

Maybe tomorrow, maybe next week, maybe next month,

But not today.

[furrowtickler]

Very true and well said wheatking

the huge issue are this that have to sell some at or after harvest
they are going to take a bath on this debacle

[wheatking16]

Very true and well said wheatking

the huge issue are this that have to sell some at or after harvest
they are going to take a bath on this debacle

For sure.

This is an example of why using futures is essential.