How about a thread about marketing?
Just reading the thread about politics and the complaints about a lack of productive threads lately, marketing particularly. It is too bad marketing gets so little attention on the combine forum, since there are so many extremely wise ( and civil) posters on here. NAT has lots of marketing threads, but very little that is directly relevant to western Canadian crops, Agriville has a few very good marketing posters, but most threads just denigrate into politics and name calling.
I'll start, by describing my unscientific marketing for this year.
I'm in the grow it bin it sell it camp, due to the high risk area I farm in, I don't presell, even when I've been certain that it was the right thing to do. I'm willing and often able to store for more than a year if necessary, last fall, I was confident enough to decide it was worth the cost of financing to keep storing. For example, I've just started selling my 2017 barley, along with most of my 2016 barley, and the remains of the 2015 barley(kept some due to the extreme dry conditions in case it was needed as cow feed). My patience has been well rewarded, now getting a full dollar better than the best price available during the brief weather scare last summer. Scale up selling has been working, and believe that as corn increases in value, feed barley and wheat here will still have some more room to move. This move at this time took me by surprise, but have thought it was inevitable eventually due to the large disincentive buyers have been offering to grow feed barley for so many recent years.
Canola, I quit selling after the weather scare last summer, during which I didn't get nearly enough sold. I traveled extensively last summer and fall and was convinced that the canola crop was far less than advertised, apparently I was wrong. It's taken this long just to get back to where I quit selling last summer, and am scaling up selling at values above this. From these higher levels, any weather scare in Western Canada could get us to the $13 level in a hurry. Crush margin is improving, and could continue to now that Argentina is past the point of no return. Storing canola really needs to pay a premium since it usually requires more work to keep in condition, which is why I'm reluctant to sell much at these levels yet. But I think that is why prices have such a solid ceiling all winter, everyone just wants it out of their bins at any price, and buyers are happy to accommodate.
I only grow CPS wheat, I did sell a lot of my 2016 production on the run up last summer, not quite the peak unfortunately. Have been scale up selling CPS lately, but think it has much more upside potential than barley, they are virtually even price per tonne right now, barley might even by slightly ahead. The winter wheat story in the US isn't over yet, and regardless of stocks, should continue to impact prices, dragging even CPS with them. What everybody knows isn't worth knowing, so I may be way off.
Unfortunately, I don't actively market my cattle, since they don't store so well, just try to pick the top of the period between new year and end of March. So don't have much to offer there.
I've been wrong on fuel purchases since fall, and continue hand to mouth waiting for an opportunity that just doesn't come.
Justin Trudeau, accomplishing miracles since 2015, making Pierre Elliot look smart, competent and western friendly.