Canola dropping into the 380. ..

[cottonpicken]

No point in shorting the bottom,lol.

Its the damn time line that becomes the problem.

And the options trade knows this.

Imo,we need the break by the close on friday.

[farming101]

<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/MATIFNov****seed_zps46eb9bc8.jpg" border="0" alt=" photo MATIFNov****seed_zps46eb9bc8.jpg"/></a>
Dont' ask me what happened in July. I don't follow it. Looks like Nov ****seed is content to chop around at these levels. Converts to about 450-460 CAD (I think)

[Klause]

I think we could see a quick drop here… maybe make 30 bucks on the way down, then reverse position and profit on the way up?

Question is timeline… I think we have doldrums on the bottom… 6 months before they move any.



We all want canola to be worth a good sum… but I can't see it happening. sub $3 corn and sub $8 beans can't support $9 canola.

[mbratrud]

playing the bottom 10% of the market is dicey.

short term play? Nov 410 puts for like $7.5 or 405 for $6.

[Hopperbin]

Sounds like have to be quick. If a marketting advisor is convincing enough people to short the market on speculation it should in itself pressurebthe market lower. Problem is I do not believe farmers are selling much as indicated by positive 10 basis at the moment. Our canola should break hard from beans and set itself into a higher level. Its up to farmers to hold at the moment. So you a d your bandwagon do not profit. Sorry is just as I see it. Charlie? What is speculator open interest at the moment? Any insite.

[Hopperbin]

As farmers if we see speculators shorting the market we should not sell until the price is lower correct. Or should we panic and sell now making the drop worse. Or wait for the bounce to set us up so were not at a discount to soy. Klause if market suddenly goes limit up for a few days can you get out of your short position easy? Where is charlie? I will keep my rock picking job.

[malleefarmer]

picking bottoms you only end up with smelly fingers

[SASKFARMER3]

We will deliver whats contracted to the scums then sit till june 2015.
Already told my suppliers Im not taking Fertilizer and seed at Christmas don't care if it goes to 1000 a ton I for to many years have tried and gave a crop every thing only to have some issue like railways or elevator problems cause me to store product for them. Im done. Best thing would be for this crop to never come off.
They need us we just have to figure out how not to buy. Ah its easy don't!

[mbratrud]

you got that right malleefarmer

[ALBERTAFARMER4]

I wouldn't worry about the price of canola. Would I would worry about is prebooking your canola seed and chemical for next year! The best varieties will be selling out fast!