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Canola

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  • ado089
    Senior Member
    • Aug 2004
    • 1754

    Canola

    canola is up sharply on low volume today. Good opportunity on a slow day or the begining of more to come?
  • bucket
    Senior Member
    • Jan 2008
    • 17032

    #2
    I was ready some old texts on the phone the other day and in february 2008, canola made it up to 15.00 plus for a while. Flax was pushing 18.00 and peas were over 10.00.

    With all the bad news, production wise, its easy to see that these levels may be achieved again. Even with the chinese manipulting the markets.

    Bottom line, people got to eat, the carry over of quality grain is getting smaller not larger. IMHO.

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    • cottonpicken
      Senior Member
      • Apr 2006
      • 6993

      #3
      It feels weird to be the only one talking about this.

      But is anyone following the massive volumes?

      Comment

      • ado089
        Senior Member
        • Aug 2004
        • 1754

        #4
        It was thin this morning when it was up $6 but looking back volume ws huge last week which is strange for christmas season. Funds re-taking positions after the pull back. It's good to see the volume on the uptick. I was worried they would just close out the year and move on to something else. Or am I missing something

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