|
Post by meskie on Dec 18, 2020 12:34:27 GMT -6
How high is canola gonna go? Been on a nice run last few days. Glad I still got a bunch left to price
|
|
|
Post by kevlar on Dec 18, 2020 14:27:11 GMT -6
Don't get too greedy! Quite a few people around here finding heated canola the past month. Some as high as 50%. Conditions were poor here for storing canola after the flood, almost nothing got sprayed a second time so a lot of weeds and volunteer grains making a fair bit of green in the sample, even for dessicated and swathed stuff.
|
|
|
Post by meskie on Dec 18, 2020 14:40:53 GMT -6
Canola is all in air bins with temp cables and we have pulled at least a load out of all of them.
|
|
|
Post by cptusa on Dec 18, 2020 18:04:46 GMT -6
I'm hearing beans will have a 14 in front of them by June with no weather scares.
|
|
jaymo
Full Member
Posts: 169 Likes: 76
|
Post by jaymo on Dec 18, 2020 21:19:36 GMT -6
How high is canola gonna go? Been on a nice run last few days. Glad I still got a bunch left to price Oh me too! Haven't priced any yet...... :-S
|
|
jaymo
Full Member
Posts: 169 Likes: 76
|
Post by jaymo on Dec 18, 2020 21:23:46 GMT -6
Don't get too greedy! Quite a few people around here finding heated canola the past month. Some as high as 50%. Conditions were poor here for storing canola after the flood, almost nothing got sprayed a second time so a lot of weeds and volunteer grains making a fair bit of green in the sample, even for dessicated and swathed stuff. No kidding! Poor guy I know made the local paper with some pictures of a 5000 bushel hopper bin getting the side ripped out of it and the fire department putting out the fire! Said he turned on the fan and flames shot out the top!!
|
|
|
Post by SWMan on Dec 19, 2020 10:48:13 GMT -6
It's gonna go higher, possibly way higher. This does not surprise me at all. Feed the bull though because usually these types of markets take the stairs up and the elevator down!
|
|
|
Post by cptusa on Jan 12, 2021 14:23:33 GMT -6
I'm hearing beans will have a 14 in front of them by June with no weather scares. Bulls got fed by the USDA today. I think the USDA is playing catch-up for the last 2 years of over stating a crop, especially the 2019 crop. I think now we will print a $6 figure on the board for corn and the word is if beans push past weak resistance at $14.67 there is no stopping them on the run to $16. These are with no weather scare in North America.
|
|
|
Post by cptusa on Jan 12, 2021 17:26:10 GMT -6
After doing a little poking around at the report, I see that they still have not adjusted the Iowa yield below 178 bpa. A good overall yield in my immediate area is 130 bpa this year. This does not account for the large amount of acres that were zeroed out and destroyed or the extra acres it took to cut for silage.
Now it takes 225 bpa to offset my 130 bpa which is very doable BUT it takes 356 bpa to offset a zero. Iowa plants around 13.5 million acres of corn, its reported that 650,000-700,000 got destroyed with 10 million crop acres affected assuming half was corn leaves say 4 million acres at pretty poor yields leaving 9 million acres to pull up the average. That means the rest of the state had to average around 266 bpa. This is not an achievable number. The derecho affected a lot of prime ground, there a lot of less then average ground in southern Iowa and NE Iowa that really has to crank to pull it off.
|
|
|
Post by carlos on Jan 12, 2021 17:29:49 GMT -6
Flax prices triggering 19.25 for feb/march. 3 days after I got a call saying they had a program running for 18.50. Grrr...🤬
|
|
|
Post by hardrockacres on Jan 13, 2021 7:24:38 GMT -6
I see local hard red wheat prices have moved up to 7.56/bu for Feb. Thinking this might be getting close to the max we will see - but with all the uncertainty who knows. But we do have a large supply of wheat world wide. so is it mostly the unrest to the south driving prices or some other factor?
|
|
|
Post by slipclutch on Jan 13, 2021 7:51:42 GMT -6
Out of all the commodities I find. Wheat, oats, rye. Has not moved like the others.
|
|
|
Post by meskie on Jan 13, 2021 9:04:56 GMT -6
New crop malt is going to have to start going up in price or there won’t be any. It will all be contracted for feed. Feed is $5 for fall here. I know lots of guys who had priced a lot of bushels at 4.50 and 4.75. Could be lots of oat acres going into barley around me also.
|
|
jvdl
New Member
Posts: 45 Likes: 12
I'm Online!
|
Post by jvdl on Jan 13, 2021 9:16:59 GMT -6
Buyer contacted me yesterday offering $7.91 for HRS May delivery, thinking it will get to 8 yet
|
|
|
Post by hardrockacres on Jan 13, 2021 12:35:12 GMT -6
Current bids for May delivery here are 7.58. Freight is higher here vs Alberta so we will always be a bit lower.
|
|