The Rural Voice, 1985-01, Page 5AND AS OF MID -DECEMBER
HAVE NOT YET BROKEN
BELOW THAT LEVEL. A strong
U.S. dollar, a prolonged harvest due
to wet conditions in southern growing
areas, and ample farm selling have
kept the market travelling basically
sideways for almost three months. It
would take a weaker dollar, problems
with southern hemisphere produc-
tion, and tighter farmer -holding to
boost prices dramatically. If none of
these occurs, next summer's objective
might only be $7.25-50 on the July
futures. If all occur, then $8.50 might
be a reasonable objective for the sum-
mer time frame.
WHEAT PRICES HAVE BEEN
WEAK FOR MONTHS. Govern-
ment economists at both the U.S. and
Canadian annual outlook con-
ferences were all bearish about wheat.
They said to expect no significant
price increases because world supplies
are just too heavy. That's the one
hope for wheat, really... if all the
economists see no price improve-
ment, the market will probably do ex-
actly the opposite! Don't be bearish
about wheat.
CANADIAN TOTAL FARM PRO-
FITS: UP ABOUT 14 PER CENT IN
1984! That was the word from
economists at the Ottawa Ag -
Outlook conference. National farm
profit will be up about $3.8 billion
from 1983. Unfortunately, the in-
crease is not all good news. For one
thing, it's not the high -debt producers
who are benefitting. For another, the
higher income is partly from various
stabilization programs... western
farmers for example got a $223
million pay out under the Western
Grain Stabilization Act.
INTEREST RATES: WHERE TO
NOW? One analyst, Lynn Newton of
Comanco, expects a slight increase
soon. But after the brief uptick,
Newton looks for a general decline to
last 12 to 15 months. After that an in-
flationary situation should again lead
rates higher. Newton provided that
outlook at an Ag -Alert seminar on
December 7. ❑
At Ag -Alert,
We Don't Just Give
Market Predictions.
We suggest WHEN to pull the trigger
on grain sales, and we have an ex-
cellent track record in doing so on
price rallies, while avoiding dips.
We emphasize risk reduction, not speculating. We have
common-sense strategies to help farmers sell right and buy
right, whether they wish to use the Chicago futures or not.
We provide up -to -the minute price quotes and you have ac-
cess to these 24 hours a day.
We offer seminars, which stress education about marketing
alternatives, market strategies and price protection.
Join the growing club of leading farmers. Join Ontario's
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AG -ALERT $195. for one year.
FILL IN THE SUBSCRIPTION FORM BELOW.
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IANUARY 1985
3