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Answer to Canadian shippong bottleneck?
Year over year increase in oil shipments this fall from Alberta and elsewhere is 34%. I am not making a.case for the.renewal of the CWB but they WOULD have been howling bloody murder!
The Canadian farmer is on his own! Welcome.to the new world!
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Re: Answer to Canadian shippong bottleneck?
I thought I read that cad is now 89cents. Big money there.
Right now, we are capturing carry on corn that may net close to 1.40 by end of year. At this point you got to build bins or quit. No more off the combine for some crops.
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Re: Answer to Canadian shipping bottleneck?
I don,t think the bottleneck is caused by using them for storage.Yes bins are good to have.They have helped us to get our crops out faster plus we didn,t pay storage fees.Generally it also helpsus do delivery in slower times.
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Re: Answer to Canadian shippong bottleneck?
Here in North Dakota we are seeing railroad busy with shipping crude oil fromj Bakken. Rail beats pipeline costs in shipping hard to believe and we need to get extra pipelines built to export product too. Also seeing alot of Canadian trucks dumping here at local elevators cann't help but wonder were going to see bottlenecks here too.
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Re: Answer to Canadian shippong bottleneck?
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Re: Answer to Canadian shippong bottleneck?
this isn't anything will cure itself or slow mkting.
it is cearish,,, if not now more to go later.
Bakken Southforks black shale are producubg GROSSE quantities of crude.
MT ND as well.
tanker cars get long way up in value
GATX is one
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Awash in oil
is what it sounds like to me. Burdonsome supplies worldwide. Kind of like wheat and corn. Gee....shouldn't oil be trading at 50% of it's value? hmmmm....just saying.
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Re: Awash in oil
Good point BF, but:
Cheaper energy = faster economic growth.
Faster economic growth = more fuel demand.
More fuel demand = more ethanol required for blending.
More ethanol usage means people will be screaming about higher food prices.
Just trying to get us in trouble again aren't ya!!
What is the break-even for Bakken oil nowadays?
How low can oil prices go before they start idling wells?
Will have to do a little research.
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Re: Answer to Canadian shippong bottleneck?
Everything rests on the outcome of the global winter wheat crop. Or for that matter, corn and beans
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Re: Answer to Canadian shippong bottleneck?
were in information cycle with traders believing what computer says is fact and just in time delivery for products is going to continue to work. The market keeps getting more and more confident in getting inventories tighter based on past experience that they made it through with these inventories and even if they get tighter they still will meet demand. Us farmers out in field have experienced that best layed plans do not always work the way you think when crop you thought was there disappears with single event. This may be argued that on large scale this won't happen because it will average out over the nation. I just remember back in 83 when corn crop disappeared nationally in last few weeks of season and caugth many grade traders off guard. I have said on this sight were heading down this path sooner or later when supplies will not meet what has been traded there's going to be blood bath and possible shut down of whole futures system when inventory can not be found to cover futures contracts or cost breaks traders trying to cover these contracts. To meet demand on ever tightening supplies the harder the correction will be and longer persists is going to make it much encompassing to the trade.