Newco NewsMay 16, 2008
Published by
Newco Commodities Ltd.
Box 717
Coaldale, Alberta
T1M 1M6Phone 403-345-3335
Fax 403-345-2040
Toll Free 1-800-661-2312
Bentley office 1-888-640-9814
NEWCO NEWS
Call us today for cash price offers for feed barley delivered to Lethbridge
It finally arrived. Summer is here. Just on time for the week-end. Welcome!!
Seeding progress is variable. Seeding progress varies from close to completion in east central and southern Manitoba, southwestern Saskatchewan, and southern Alberta between Medicine Hat and Lethbridge, to just getting started in northwestern Manitoba, northern Saskatchewan, north central Alberta, and many areas of the Peace region, according to the latest crop acreage report.
Lack of Rain is worrisome for Farmers. Although high crop prices are making some Saskatchewan farmers smile, a lack of rain is leaving many others worried, reports the CBC. According to the Saskatchewan Agriculture Ministry's weekly crop report, while two-thirds of crop land has adequate topsoil moisture, the other third is considered dry or very dry. It's a problem not only in the traditionally drought-prone southwestern part of the province, but also in the generally wetter east side. Regina-area farmers had fields under water a year ago, but this year, they're dry. It's still early in the season and the rains could come, but there is still some worry.
According to Environment Canada, much of the southern Prairies has had well below average moisture since last fall and a dry spring has only made it worse.
U.S. corn acreage estimated higher. Private analytical firm Informa Economics estimated 2008-09 U.S. planted corn acreage at 87.2 million acres, up 1.12 million acres from the USDA’s prospective plantings report.
Feedlots seem to be bought up on barley for now. They are still buying corn as there seems to be some reasonably priced corn floating around the country. For the most part anybody feeding livestock is waiting for the prices of feed grain to come down. The million $$$ question; will that happen? There is LOTS of barley left on the farm yards. Barley has never been this high in history. How long will that last?? With wheat it lasted for a few months, and it was the leader in the run. The CWB is asking all farmers to deliver their barley by May 26/08. Who has time to do that, when they are in the middle of seeding? How much will actually go into that market? Lots of questions of which the answer will determine the market. Our advice if you still have feed grain to sell, sell it quick. If possible sell it and move it before everyone is finished seeding.
Barley:
May/08 $236.60 $2.00 July/08 $244.20 $5.20 Oct/08 $255.00 $3.00 Dec/08 $260.10 $3.80 MAr/09 $262.80 Price per tonne ÷ 45.93 = price/bushel.
Note - Winnipeg Commodity exchange is no longer trading Wheat
Chuckle for the Week:
Two boys from the city were on a camping trip. The mosquitoes were so fierce the boys had to hide under their blankets to keep from being bitten.
Then one of them saw some lightning bugs, and said to his friend: "we might as well give up, they're coming at us with flashlights!"Story for the Week : Keep Your Fork
When a pessimist is told there's light at the end of the tunnel, he's likely to assume it's an onrushing train. According to journalist Sydney Harris, "A cynic is not merely one who reads bitter lessons from the past; he's prematurely disappointed in the future."
Pessimism and cynicism are fashionable these days, but it's the people who see and celebrate the positive aspects of life who live best.
According to a well-traveled story, when Tillie died in her nineties, her friends were taken aback when they viewed her body and noticed a fork in her right hand. Tillie knew this would provoke questions so she had instructed her pastor to give anyone who asked about the fork a copy of a signed note that read:
"I'm glad you asked about the fork. I've been to lots of church socials and potluck dinners in my life, and one thing I've noticed is when the dishes and flatware for the main course are being cleared, someone usually says, 'Keep your fork.' I loved that part because I knew dessert, the best part of dinner, was coming. So even as I pass from this life, I wanted a fork in my hand to remind you the best is yet to come."
British wit Samuel Johnson called hope a species of happiness. To the extent we can discipline ourselves to choose our attitudes, it only makes sense to think positively and be hopeful.
Thought for the week:
"Success is the maximum utilization of the ability that you have."
-- Zig Ziglar, Motivational Speaker
Neil, Vera, Ed, Perry and Maurice in Lethbridge, along with Pat in Bentley,and Greg and Brandon in Lacombe, we would like to wish you a safe and happy weekend.
Disclaimer Statement - The information in this newsletter is provided by Newco Commodities for informational purposes only. Newco News includes facts, views and opinions on marketing feed grains, such being deemed of interest to grain producers and end users of feed grains. Newco Commodities assumes no liability for any marketing decisions or actions taken in reliance thereon.
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