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Senior Contributor

Canadian bottleneck?

    How about the Canadian farmers with bottleneck inventorie at low prices,are they going to try to keep grain production ramped up or focus a little more on the cows?

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6 Replies
Advisor

Re: Canadian bottleneck?

Do you mean western Canada? They can't sell new crop wheat until at least past jan 2015... It's bad. There are flax/canary/soybean niches and stuff that make it there. Many western guys are going to put in alfalfa from what I gather.


As for the east: it's a bean market. Wheat seedlings were up. Idk if everyone sold their production though... Prolly not.

Right now w the crappy dollar our corn/beans are way competitive to us exports. Old crop is 14.50 for soy.... 4.25-30 for spot corn.. I can ship into USA for over 5 in march when I do currency conversion.

We suspect there will be large bean acres. Like 3m acres. Don't know that ppl will quit corn, especially in the south. Ip soy premiums are like 3.50/bu... Edibles 38-40/lb... Or at least initially.

It's just gonna be a huge bean crop this way
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Veteran Contributor

Re: Canadian bottleneck?

I believe you are likely to see increased acres go to canola and peas at the expense of wheat and barley. It is a crap situation for anyone that has not contracted grain but I don't believe it will cut into seeded acres this spring, not seeding a crop won't pay bills.
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Senior Contributor

Re: Canadian bottleneck?

    farmerguy89 Are you talking wester Canada,all,or a western provence?

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Senior Advisor

Re: Canadian bottleneck?

The issue is the  Prairie. Eastern BC, Alberta, Saskatchewan, Manitoba.

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Advisor

Re: Canadian bottleneck?

Yes the west as in what Palouse mentions
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Veteran Contributor

Re: Canadian bottleneck?

Hey NAB
Just got back home for some r&r from the patch. To my horror I see no.1 wheat @ $3.85/bu canola @ $8.75/bu. What came next was a little laugh, the basis widened so much the elevators are just plain stealing the grain. I read the rail is 40,000 cars behind in shipping ?????? It's almost like this was a big set up to steal the grain from us. As for your comment about farmers not cutting acres, if cash canola isn't $10 and wheat $5/bu I will keep working my off farm job all year and summer fallow or chem fallow every last acre. I heard spring fertilizer prices are going to shoot up so why feed these corporation and starve myself
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