Canola is their a great crop out their somewhere!

[ajl]

What will be funny is when the CPP doesn't get fall rent and learn why assiniboia was anxious to unload. They should have quite a few acres in the flood zone. Repeat: SK land is cheap for a reason.

[charliep]

Not sure your point. I note lots of analysts are seeking single digit soybean futures (prices $9 to $10/bu versus $11 today. Soybean meal is taking the hit. With corn issues/China, distillers grains are a negative factor.

Just curious if you want to be a seller today. Perhaps I note from your posts that most here are suggesting to defer pricing.

[SASKFARMER3]

Your not getting it are you! Look outside your box ! Look at what I told you now play with your numbers! Soy at ten canola should be same! Not less !

[Wheatking]

Saskfarmer. You will get your $10 on canola not through futures, but on basis. Futures could give a f about the western Canadian crop, they are more concerned with the states. Basis will have to do the legwork.

[charliep]

I'm not the market. I don't make prices. Have had several opportunities at $10/bu plus canola in Alberta over the past month. You could likely get $10/bu even today - just have to shop. I suspect they will occur again - you just have to be patient and pick you selling points.

[SASKFARMER3]

You still font get it selling excess in May and June crushers need it yes I was compensated really ok! But pre pricing on a disaster crop ah what 200000 check to the grain companies because I cXmr cover the shortage! Peas cost me 10000 so far !

[Digger]

May 1st - canola futures were trading at $136.86 (CDN $/MT) discount to soybeans. Today - canola futures are trading at $52.78 (CDN $/MT) discount to soybeans. An improvement of $84.08/mt. Certainly not an expert but I would guess that the market is recognizing both points; a Canadian canola crop that is having issues and a US soybean crop that looks outstanding. Knowing that the crop is a long ways from the bin and considering that canola normally trades at a $40/mt (CDN) premium to soybeans a play may be Long Canola (you are long if you have it in the field) and Short Soybeans (soybean puts would get the job done).

[charliep]

I would highlight 70 percent of the value of soybeans comes from meal while 70 percent of canola comes from oil. I also note that everyone wants to do July July (old crop) comparisons but the relationship on November (new crop) is different.

[bucket]

I think we are looking at a sub 15mmt canola crop.
Just too much damage. 14/15 carryover starts to look pretty tight again.

[SASKFARMER3]

Even a thin sick canola crop looks good at a 70 mph drive by!
This is not 2013 some are going to be surprised.