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Canola - higher in next 3 weeks or not

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  • Choice2U
    Senior Member
    • May 2008
    • 476
    #1

    Canola - higher in next 3 weeks or not

    I am in the $ of 3 call options and am wondering whether to hold till mid October or sell. Frost drove up the market on Friday big time...will it continue? Deliveries will be increasing as "some" canola gets harvested so will there be any harvest pressure to drop the market over the next 3 weeks? Appreciate everyone's crystal ball!!
    Tags: None
    • ry0972
      Senior Member
      • Dec 2005
      • 246
      #2
      HIGHER over the next 24 hours by the look of the overnight futures!!!!! Beans were up as much as 30 cents and Canola $7. HAVE to lock in some input prices tomorow and hope for a dry spring.... Or find a "CASH" renter and take a couple years off !!! Anyone need another 30 quarters ?? 20 are chem/smf.

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        • fjlip
          Senior Member
          • Oct 2002
          • 9919
          #3
          ry0972, that would be "want" not need. And no thank you, have enough nightmare water infested semi- muskeg moss covered slimy goo disgusting saturated soil of my own, that might not get seeded.

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