Canola Chart Resistance

[JDGreen]

Priced 1/3 of new crop at 10.50 today. Delivery ASAP

[furrowtickler]

Nothin wrong with that move j.d., very few times if ever that price is obtained in Sept. BTW, basis is going to widen as more areas get harvesting - law of the jungle.

[charliep]

Perhaps also law of the lineup. Suspect the market will try to provide the signal
to slow deliveries by providing large carry. Carry is in the futures prices but also
will get built further into basis. Basis levels are likely to narrow as we proceed
into winter and spring.

[crusher]

I rolled my off combine basis further out when the carry was negligible, that's why I'm more concerned in the futures. Quality around here is not an issue in the canola, just have to get it near dry.