Canola basis

[Hopperbin]

I am thinking to lock in my basis for what I think I have left in the field. Markets are firing up and basis could be under pressure. What does everyone else think?

[furrowtickler]

We locked in a 13, not great but not bad.

[ado089]

Locked in $13 FOB farm for fall delivery. I think that once "all" the crop is in the bin we'll come up short of expectations. There could be some pretty attractive basis levels late-spring.

[Hopperbin]

I think there is delivery pressure now because of the amount of heated grain last year.