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Questions on Canola Basis?

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  • TOM4CWB
    Senior Member
    • Dec 2000
    • 16511
    #11
    Boarder,

    If you want to plan ahead... there are decent basis contracts for May 2011.

    I just did one at $15/t under... $13.80/bu.

    Logistics are tight this year... but it looks like movement is there if preplanned and time to put the sale in place.

      Comment

      • boarderbloke
        Senior Member
        • Sep 2007
        • 1991
        #12
        TOM, -15 MAY is good, did it drop recently, or is that where it's been hanging?

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          • TOM4CWB
            Senior Member
            • Dec 2000
            • 16511
            #13
            Boarder,

            At local elevator in Killam.

            Would be surprised if not anywhere in Alberta.

            Logistics is the issue... things are backed up...

              Comment

              • charliep
                Senior Member
                • Oct 2000
                • 9002
                #14
                If you look at the CGC numbers, about 1.5 MMT in the system. Canola exports and crush to the end of January about 6.7 MMT or a pace of about 1.1 MMT/month. Deliveries 6.9 MMT. Need to see the commercial inventory come down before basis levels start to tighten.

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