Canola futures

[cottonpicken]

There are rumours the physical metal market will move
away from the paper market,and that when gold was in
the 1700's large volumes of physical gold delivery
were bringing in a price of 1950$.

I dont think this could happen in grains but anything is
possible in this bizzaro world.

[TOM4CWB]

ado089 Charlie et al.;

I don't get why the CWB Basis on CWRS is so far out of Whack!

It will truly be interesting to see the new CWB basis for 2012-13 on CWRS.

Talking to local grain merchants no canola has been contracted in the past week for fall 2012... as new crop wheat is taking to pressure off Canola sales as John DePape well said would happen.

[crusher]

I sold 10%, I didn't see a break in the trend either. Would like a little pop higher in new crop so I can start selling there too.

[ado089]

I don't get it either, it's almost like for the privelage of using a PPO you get wacked with double the basis.

As far as canola goes it's amazing how a minor weather scare can drive veg oil crops so easy considering a week ago we had more grain out there then we knew what to do with. If you look at front month cash bids we're only down about $1-.70/bu from late winter highs. With low basis levels I say make them sweat.

Does anyone know anyone with boots on the ground in South America right now?