Quote:
Originally Posted by Mickey76
I don’t know the formula they use to increase pricing for supply management but there is going to be a lot of shock pricing at the grocery store in the next 12 months. Most agricultural crop prices have doubled or tripled and there are critical shortages. . We are not talking 5-10 percent. Oats last year was $3 per bushel today it is over $10, Flax was $15 per bushel now it is over $45, Wheat was $7 per bushel now $13. If you fed oats to livestock you are looking 3x the feed cost and you probably can’t get them. It doesn’t look good.
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Everything except Canola is going to start falling soon and is already trending downwards.
US farm futures report is coming out soon and will probably indicate good levels of inventory in the US which should also drive down the price.
Beans & corn are already dropping.
Canada had a down year in terms of crops, but will probably improve next year which should help the futures.
There is no way prices stay that high.