Wheat is it the sleeper in 2009.

[SASKFARMER3]

Wheat is it the sleeper in 2009 are all the cereals the crop of choice.
Here is my reasoning Corn acres down lower production in 2009 this drags up the price of oats and barley, Wheat follows. Old saying if canola acres are right and soy are right do the opposite seed the opposite.
Simply farmers in the USA are going to go nuts on Soya and seed lots, Fertilizer industry is reason. Lots of inputs or less. Soya will drop with huge crop.
Winners farmers who risk it and grow corn.
So how does this affect Canada? Charley any one have an answer.
Now yes on wheat it did get some rain in dry areas last few days.

Any way going skiing in BC with my kids and wife have fun. Its all about the family.

[charliep]

My sleeper call is corn. Agree that extra soybean acres across the
border (4 mln acres in some private forecasts) has potential to sink
canola. My driving down the highway/back of envelope conversion to
come up with a canola futures prices is CBT soyoil futures converted to
Canadian dollars and multiplied by 10. December soyoil 32 cents/lb.
Loonie 80 cents. Soyoil Cdn 40 cents/lb. Canola 400/tonne. Not exact
but good enough when you are trying to make the comparison in the
tractor this spring.

[charliep]

To put into perspective, the 4 mln of extra soybeans is 1/4 of the total Canadian canola acres seeded in 2008. The extra production would be about 4.5 mln tonnes or about 40 % of the 11 mln tonnes 2009 canadian canola production pencilled in elsewhere.

[haveapulse]

Wheat the sleeper, oh my, this dream quickly turns into a nightmare as the reality of this fantasy is the
CWB markets our physical crop. We just had the best prices in history, and the CWB market genius clobbered the average by NOT doing what they proclaim: orderly marketing. If we could see the sales record it would show they sold crop too early to companies undoubtedly eager to cover potential shorts with cheap wheat from willing CWB supliers who did not have to negotiate supply from a not so willing farmers who could have (had they asked) advised the CWB that the supply was tight, and for once in their lifetime they were price setters, so if wheat is the sleeper really is the sleeper, I find it hard to get excited. And since our all too capable BOD,is not going to call for a t a CWB proformance review when indeed it is obvious by their performance on many levels that one is due, it is hard to get excited about wheat.

Besides that the eastern European crop so far is looking great, and they can sell cheap and they will.

However if it was not for the CWB it may get interesting, very simply because farmers with money will not sell cheap, and we are still a major supplier of world wheat so when we hold up supply the market would get interesting, however the CWB will sell cheap and they will feed the market, they always do.

[SASKFARMER3]

Yes without the CWB we would have achieved an extra 1.00 a bushel and 2.00 on durum than the CWB got us.
Simple math our product is needed to blend with the shit produced in Russia etc. But we give it away at the same price.