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Impact of a week of 25 to 30 degree temperatures

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    #13
    Charlie,

    We woke with a big bang this morning at 6:00am, sounded like a busy golf driving range was raining golf balls on the roof.

    30-40% damage on some canola fields.

    I guess we should have known all this hot weather would bring hail!

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      #14
      Sorry to hear about the hail Tom4cwb. I don't know how many more challenges we can throw at this crop. Canadian yields are going to be very interesting this year. The other factor that is hard to get a handle on is the harvested versus seeded relationship. I don't think we will have a good handle on anything until the Dec. Statscan production estimates.

      The other factor to watch will be the Statscan July 31 stocks reports. Based on the feel of the market, carryover supplies are likely tighter than what has been indicated in previous years estimates. As an example, a 2.5 MMT July 31, 2001 carryover would have major implications for this coming year. Stay tuned.

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