canola bounce

[ado089]

Is this the bounce we've been waiting for before the march down to $380 continues or is this crop disappointing enough that we've out in a bottom?

[farming101]

So far I don't think anyone would say it is anymore than a dead cat bounce.
Another week of stabilizing/rising prices to change the picture at all.

[crusher]

Grazed the top of the downtrend line. I was a seller.

[ado089]

I want to short canola, I think it will still bleed $25/mt. That said I think it was grossly over sold and I hate margin calls. I'm looking for a $15 bounce but I'm not sure if that's the right figure. I think Monday will tell.

[crusher]

Trying to get that $25 might be like trying to catch a falling knife.

[crusher]

Trying to get that $25 might be like trying to catch a falling knife.

[theplowboy]

smaller canola crop and tight soybean supply in usa. Good luck with catching the falling sharp knife.

[farming101]

Closing in on $15 bounce off the low.