Low Stocks-To-Use Ratio To Keep Pea Bids Well Supported
Canadian pea exports have been running at a very solid pace during the 2014-15 crop year to date, but supplies are running out and the market will need to work to ration demand over the later portion of the marketing year, says Heidi Dutton, general manager with ADM, in a post on albertafarmexpress.ca.
Canadian peas have been leaving the country at an average rate of about 311,000 tonnes/month during the first half of the crop year, says Dutton.
Canadian pea stocks at the end of Dec. came in at 1.5 million tonnes, according to Statistics Canada data, which is nearly 700,000 tonnes below the five-year average for that time of year. When things such as seed, domestic usage, and ending stocks of only 100,000 tonnes are factored in, there are only 150,000 tonnes/month of exportable peas available, said Dutton, noting that monthly exports have not dipped below that point once during the past five years.
Seems all summer I was saying that the pea crop was a disaster. Other farmers that usually have a real big crop also reported problems. Ah but not in Canada where everything is done in Tec Color. Crop reporting is a science of Bull Shit.
So with all the experts saying their would be a great pea crop the prices for fall of 2014 nose dived to $5.75 because we have such a huge crop coming. BLAH BLAH BLAH.
Then harvest started contracts had to be filled guys bought out contracts etc. etc. Oh shit were out of peas Magical or was this a great big scam like so many others.
All I'm trying to say is were Bull shit over and over by experts telling us what's going on yet your only really a expert on any given day.
Good Reporting with Good information is what's needed in both crop production and what's happening in Rail and grain sales off the coast plus grade class and where its going to.
We have to report why not force the rest of the industry to show their cards.
Happy Hump day. Ah Farming.
Canadian pea exports have been running at a very solid pace during the 2014-15 crop year to date, but supplies are running out and the market will need to work to ration demand over the later portion of the marketing year, says Heidi Dutton, general manager with ADM, in a post on albertafarmexpress.ca.
Canadian peas have been leaving the country at an average rate of about 311,000 tonnes/month during the first half of the crop year, says Dutton.
Canadian pea stocks at the end of Dec. came in at 1.5 million tonnes, according to Statistics Canada data, which is nearly 700,000 tonnes below the five-year average for that time of year. When things such as seed, domestic usage, and ending stocks of only 100,000 tonnes are factored in, there are only 150,000 tonnes/month of exportable peas available, said Dutton, noting that monthly exports have not dipped below that point once during the past five years.
Seems all summer I was saying that the pea crop was a disaster. Other farmers that usually have a real big crop also reported problems. Ah but not in Canada where everything is done in Tec Color. Crop reporting is a science of Bull Shit.
So with all the experts saying their would be a great pea crop the prices for fall of 2014 nose dived to $5.75 because we have such a huge crop coming. BLAH BLAH BLAH.
Then harvest started contracts had to be filled guys bought out contracts etc. etc. Oh shit were out of peas Magical or was this a great big scam like so many others.
All I'm trying to say is were Bull shit over and over by experts telling us what's going on yet your only really a expert on any given day.
Good Reporting with Good information is what's needed in both crop production and what's happening in Rail and grain sales off the coast plus grade class and where its going to.
We have to report why not force the rest of the industry to show their cards.
Happy Hump day. Ah Farming.
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