2012 Canadian canola Crop Total Production?

[furrowtickler]

13.5 is going to be close. As far as price , we
have seen the near term top till the new year IMO

[SASKFARMER3]

Charlie since July I have been saying the canola
crop has issues. Most experts kept saying oh ts
just a dumb farmer what does he know, it's a big
crop getting bigger. Well most are done and
guess what the best best yield was 45 that I know
of (it was seeded in june1200 acres) most guys
seeded early so it's not the norm. Then if Alberta
has such a big crop how come we're not getting
bombarded with60 s , because it wast a bin buster
their Los. Then you get traditional areas with lots
of 8 to 10. See we farmers know all in the trade
are hopeing we will sell. Well their is lots of hrs or
oats etc to move. Tell me this a 2 million tonne out
in our total production is t news!

[charliep]

And the impact on prices has been ______?

[URL="http://charts.aghost.net/popup/agonlineCharts.cfm?token=fFom10JB9HBHRm6Bq360suhXN A0W%2B1egRPRXUpqV%2BMEBXtuT3PhUlg%3D%3D&cid=3095&s id=1&co=9d7GScIzY%2Fmu%2Fd86vxcZhg%3D%3D&symbol=@R S2X"]Nov Canola[/URL]

[charliep]

Do either one of you have canola that you would price today? If you don't have canola for sale, why do you care what the price is? Let the market move lower to attract some buying. Buy calls. Get long futures.

Your fly in the ointment is soybean oil has been dog relative to other commodities.

Just curious if anyone has taken the time to look at todays market?

[SASKFARMER3]

You keep missing the point if their is total BS
reports out their and farmers know what the crop
was like why would one sell today at these
prices? Just because you say it's a decent price!

[charliep]

Maybe because they were offered $14 plus per bushel and it worked in their marketing plan. Today it is $13. If $14 wasn't adequate a few weeks ago, why would you sell today at $13/bu.

Had a really interesting conversation with a farm/friend about basis. He actually phoned me to figure out what a good MGEX wheat basis should be. We got into a good conversation about canola basis and what he was being offered off the July contract. Low prices/slow deliveries often means good basis. Fight your war if you want about actual production but the end of the day it is price. Have your targets and pull the trigger when achieved.

[furrowtickler]

your both right , now stop bickering - your starting to hurt my hears... LOL

[jensend]

the old saying: if they won't sell for $13, maybe they'll sell for $9.

[SASKFARMER3]

Read back at my posts sold 20000 for 14.51 basis
done earlier, pulled on a Friday. Rest is sit and
wait. So now with marketing why would any one
sell at today's price?

[bucket]

If you take cargill's offer of a zero basis and you have until July 2013 to price - thats deferred pricing.

Read new ag talk awhile back - most didn't think it works very well because they have your product which fills their short term needs but you can't get paid until you price against the futures. And its inverted right now - so thats like telling them you are willing to take less. Pure speculation.

I would rather them bid for the canola.

And charliep - I am not out of canola but I took advantage of 14 bucks and 3.5 percent green count.