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Canola up good this a.m.

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  • furrowtickler
    Senior Member
    • Dec 2004
    • 21870

    Canola up good this a.m.

    Up $11/tn right now. Weather worries, China back in?
  • cchurch
    Senior Member
    • Feb 2008
    • 205

    #2
    It's a good sign.

    Usually on Mondays they look for a lame excuse to lower the price.

    That only works for so long.

    Comment

    • charliep
      Senior Member
      • Oct 2000
      • 9002

      #3
      Interesting day. Canola up on the open but only November really held. US futures futures (corn mainly) down on the open and closed higher. Will need to watch this afternoon's crop report.

      <a href="http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1048">usda weekly crop progress</a>

      Comment

      • agstar77
        Senior Member
        • Jul 2001
        • 6178

        #4
        The bad news is the U.S. economy. If it double dips we are all in deep doo doo.

        Comment

        • furrowtickler
          Senior Member
          • Dec 2004
          • 21870

          #5
          so do we use this as a price signal to cash in any unpriced tough canola that must be moved very soon anyway?

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