Not suggesting soybeans aren't a good fit in the east side of the prairies. Will let others comment on the west which at least today is more likely growing soybeans on brown soils.
Perhaps to one point though. I still find it interesting that soybeans double freight on meal. Soybeans south (US price minus freight) and soybean meal north (US crush plant price plus freight). A part of soybeans growth should be value added processing in western Canada.
My only other thoughts is I think meal markets will continue to struggle. Vegetable oil markets are beginning to bottom. I was wrong on being optimistic on vegetable oil based on bio diesel/crude oil prices. So far anyway.
Perhaps to one point though. I still find it interesting that soybeans double freight on meal. Soybeans south (US price minus freight) and soybean meal north (US crush plant price plus freight). A part of soybeans growth should be value added processing in western Canada.
My only other thoughts is I think meal markets will continue to struggle. Vegetable oil markets are beginning to bottom. I was wrong on being optimistic on vegetable oil based on bio diesel/crude oil prices. So far anyway.
Comment