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Canola acres?

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  • furrowtickler
    Senior Member
    • Dec 2004
    • 21980

    Canola acres?

    Will there be 16.8 mill ac? It is possible as canola is one of two maybe three crops that may ahave a possitive return.
  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    #2
    There are going to be too many canola acres. And too few hard red wheat and malt barley, then the CWB can boast a premium for next year.

    Comment

    • boarderbloke
      Senior Member
      • Sep 2007
      • 1991

      #3
      I think we'll be hearing about 17 million acres by the end of June, and probably new crop prices lower than $300.00/t net.

      Comment

      • boarderbloke
        Senior Member
        • Sep 2007
        • 1991

        #4
        I think we'll be hearing about 17 million acres by the end of June, and probably new crop prices lower than $300.00/t net.

        Comment

        • SASKFARMER3
          Senior Member
          • Feb 2006
          • 14485

          #5
          Well the Canola council of Canada should be proud that we got there before 2012 and the pay day for farmers is 285 canola a ton. Thanks a million. or should I say Billion in lost revenue.

          Comment

          • furrowtickler
            Senior Member
            • Dec 2004
            • 21980

            #6
            How many locked in Canola for fall? It was over $9/bus for oct/nov.

            Comment

            • SASKFARMER3
              Senior Member
              • Feb 2006
              • 14485

              #7
              Just 20000 bushels should of done alot more.

              Comment

              • mbratrud
                Senior Member
                • Jun 2008
                • 1019

                #8
                If Crude stays about $80 per barrel, Canola will never go back to under $300 for a sustained period of time. Not saying it wont break lower than $300 but it wont last.

                Comment

                • sawfly
                  Senior Member
                  • Mar 2005
                  • 876

                  #9
                  locked in 5000 Nov. at 9.30 which looks smart,
                  but i am long a lot of old crop, (in bin)
                  not so smart

                  Comment

                  • rbrunel
                    Senior Member
                    • Dec 2005
                    • 122

                    #10
                    8bu/ac priced at just shy of 9$/bu. 95% sold old crop. maybe should of done more...but lets grow it first.

                    Comment

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