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what a day

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  • malta
    Senior Member
    • Aug 2011
    • 245
    #1

    what a day

    March canola started at $524.90 and after the USDA report worked it's way down to $510.50. Traders were not taken in by the USDA for long as March is now back to $523.40 with little time left in the session. These markets are not for those who love the consistantly low price offered by the CWB.
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    • mbratrud
      Senior Member
      • Jun 2008
      • 1019
      #2
      look again.... Tomorrow will be interesting hopefully we can at least stay flat going into weekend. Think commodities got a bit of help from outside markets and better than expected Italian bond auction.

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        • cottonpicken
          Senior Member
          • Apr 2006
          • 6993
          #3
          I think it was a big head fake.

          They are monetizing the debt everywhere and the lid can't be kept on much longer.

          If this is the classic "your tea is ready" pattern,we have drum roll please....12 dollars.

          http://charts.insidestocks.com/chart.asp?jav=adv&vol=Y&grid=Y&divd=Y&org=stk&sym= ZCH2&data=H&code=BSTK&evnt=adv

            Comment

            • mbratrud
              Senior Member
              • Jun 2008
              • 1019
              #4
              I would have to agree with you C. But
              Italy does pay 1 years bills at under 3
              percent, that does buy them time doesn't
              fix the problem. I would like to know
              who bought? China?

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                • boarderbloke
                  Senior Member
                  • Sep 2007
                  • 1991
                  #5
                  sure nice to see NOV12 Canola turn around but MGE and KCBT wheat sure didn't!

                    Comment

                    • sumdumguy
                      Senior Member
                      • Mar 2007
                      • 11981
                      #6
                      The other side of high prices is overproduction.
                      When everyone is pouring the coals to eavery
                      acre- watch out, we could be back at 1981 again.

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