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Canola Prices Getting pounded this morning!

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    #31
    John awesome but is 30 to 35 even close to
    normal for you guys, I've been in that area and
    think not. So big hitting area is lower already.
    Some on here don't get canola pepper good
    comment.

    Comment

      #32
      Alternaria also showing up now.

      Comment

        #33
        On the east side of red 30-35 has been a normal avg. Its been too cold and too wet in the springs for us over the yrs poor starts. Heat this year has taken the extra bus.

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          #34
          JUst curious. How do crop ratings get better at this time of year. The only thing a rain can do in the states is stabilize yield not improve it.

          That would be like saying you can improve your yield by adding nitrogen when wheat is headed out.

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            #35
            Soybeans are a different animal. They fill from the bottom pod up. The pod is formed with the seed, so the top pods are sacrificed for the bottoms if moisture is short.

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              #36
              Word of caution to the pessimists. Central Alberta farmers are holding their cards close to their chests. Could be some RECORD breaking crops. Not sure how many acres there are here, but the inputs have been piled on and we've had lots of moisture and heat. Time will tell.

              Comment

                #37
                Plus I'm overjoyed that we had a bounce today. It could have cratered long past the $600 support.

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                  #38
                  Crusher saskatchewans acreage is same as
                  Alberta plus Manitoba. I'm sticking with my
                  guess.
                  Heading to the USA not Calgary family.

                  Comment

                    #39
                    Just west of Winnipeg, a shocker in the making. Oats that should be going 150 is going 90-110, and canola that won't barely fit through the swather hole (no joke) going 27. Heat, aster yellows, wet spring, mini-drought, you pic 'em.

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                      #40
                      crusher . . . you're right, that $600
                      level is key right now.

                      If USDA turns out bullish on Friday,
                      believe we may see a rebound into that
                      $620 to $625/MT area (IMO). But a
                      bearish report might break the Nov
                      contract toward $585/MT which is the old
                      resistance, but now new support.

                      In other words, canola may have a $1/bu
                      potential swing ahead. We'll find out
                      soon . . .

                      an opinion for what it's worth.

                      Comment

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