canola recovery

[brs]

If theres a shortage how come its
Slipping so much lately,harvest
Pressure be the cause.

[groundspeed]

Its bean estimates higher than expected. Just another report manipulating the market.

[bucket]

I think the system is just taking a breather. Guys that didn't want to start a bin for 500 - 1000 bushels took the spot price.

Once they figure out those bins were supposed to be full but are not the rally will resume.

I would put money on that china is or will be buying at these lower levels. The crushers had better pay attention or they may end up buying australian canola.

[vvalk]

On BNN this morning, a headline stated Palm
Oil to have biggest yearly drop in 4 years do
to surging stockpiles. That cant be good for
canola price.

[charliep]

A call of the land I did on selling into a declining market. I like the expression "Markets are like buses - if you miss the first, there is likely another arriving in a few minutes". I would have some realistic price targets however.

[URL="http://www1.agric.gov.ab.ca/$department/newslett.nsf/all/cotl19985"]Call of the Land[/URL]