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Canola

farmaholic's Avatar Dec 5, 2017 | 11:24 1 A zero to small positive basis for July has us in $12.00 territory..... Ya I know, dream on...

I remember there being positive basis. Can it happen again, or will they let it, not that far out. Someone must have been short.

Where's support and resistance in the July? Reply With Quote
SASKFARMER3's Avatar Dec 5, 2017 | 11:30 2 Talked to two locals who stopped in this morning 1500 acre canola guys. Both took the hold wheat and peas and sell canola hook line and sinker.

Both 95% sold

Hm Reply With Quote
Partners's Avatar Dec 5, 2017 | 11:55 3 Nexera has plus 45 basis.
Next yr we will have some..should be fun . Reply With Quote
Dec 5, 2017 | 12:09 4 I don't see much that can cause any kind of rally. There is lots of canola around at the moment and likely acres will be big for this coming spring. South American weather might help. If we get hot dry weather this spring in the Midwest and in western Canada we could get a good rally. Justin spending all that time in China might talk them into buying more canola for a good price.

A lot of if's and might's and the wild card is the weather Reply With Quote
SASKFARMER3's Avatar Dec 5, 2017 | 12:20 5 Lots went out in sept to November Reply With Quote
Dec 5, 2017 | 13:21 6
Quote Originally Posted by Partners View Post
Nexera has plus 45 basis.
Next yr we will have some..should be fun .
we have had excellent luck with 1012 RR , about $12.35 on our overage last load , was priced for $12.45
$13.20 for summer
non gmo has a positive $20-$25 basis depending on how far out
neither of these gives a yield loss on our farm Reply With Quote
farmaholic's Avatar Dec 5, 2017 | 13:23 7
Quote Originally Posted by Partners View Post
Nexera has plus 45 basis.
Next yr we will have some..should be fun .
We did some specialty canola in the past. CSCO program. The premiums out to July/Aug were about the best but freight to Clavet ate into our net prices.... the real advantage really went to the guys in close proximity to the crush plant that chose late delivery. The other drawback was the yield genetics of the program's varieties, maybe that gap narrowed in the last few years.

But I do remember positive basis for "commodity" canola. Somehow I doubt they will be caught with their pants down around their ankles again so quickly. Reply With Quote
farmaholic's Avatar Dec 5, 2017 | 13:26 8
Quote Originally Posted by caseih View Post
we have had excellent luck with 1012 RR , about $12.35 on our overage last load , was priced for $12.45
$13.20 for summer
non gmo has a positive $20-$25 basis depending on how far out
neither of these gives a yield loss on our farm
..........nice. Reply With Quote
Partners's Avatar Dec 5, 2017 | 14:16 9 Growing 1026 next yr..their new variety..all nexera prices are picked up to.. Reply With Quote
Dec 5, 2017 | 18:04 10
Quote Originally Posted by Partners View Post
Growing 1026 next yr..their new variety..all nexera prices are picked up to..
a lot of people were really dissapointed with the 1020 last two years , hopefully 1026 is ok ? we have had bad luck with new varieties of any canola , so we wait until the r & d is done by farmers at farmers expense, lol Reply With Quote