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Wild swings - markets ??

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  • furrowtickler
    Senior Member
    • Dec 2004
    • 22073

    Wild swings - markets ??

    Are we going to see this continue for a while ? Canola down $10 then up $8 then down $9 then up $9 all within days.. Interesting to watch.
  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    #2
    Nov canola ended 2 bucks over jan. Was always below before. Some buyers basis off nov some using jan. If one had a basis contract I am sure the nov futures users would have made you roll a month ago.

    Comment

    • Partners
      Senior Member
      • May 2010
      • 3105

      #3
      The numbers change up and down..But is anyone selling canola at these prices? Not here..Bunge has free storage till march..Give us your canola..so we can hose you later..

      Comment

      • farmaholic
        Senior Member
        • Sep 2010
        • 17483

        #4
        Partners, an offer like that drives me nuts. They have no incentive to use the market if everyone did that. My God, ante up for **** sakes....the canola IS for sale.

        Comment

        • farmaholic
          Senior Member
          • Sep 2010
          • 17483

          #5
          ....NOT ON SALE!!!!!!

          Comment

          • furrowtickler
            Senior Member
            • Dec 2004
            • 22073

            #6
            Agreed farmaholic - but there are many guys still dumpin to pay bills and rent more dirt

            Comment

            • Hopperbin
              Senior Member
              • Dec 2007
              • 6562

              #7
              One day my viterra agent lets not get hung up on who but had a special. Same miles in other direction the special was 40 cents higher. So I was wonderi g about target at the lower one. Try 12 cents higher was the response. Lol. Volatility can be a friend. Just pay attention. Dont offer to long. I like daily targets.

              Comment

              • hobbyfrmr
                Senior Member
                • Feb 2008
                • 3178

                #8
                What other crops can a farmer cash flow with? 44% of seeded acres is canola around here. Wheat is not moving and there are bills to pay and vacations need a down payment.

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                • Hopperbin
                  Senior Member
                  • Dec 2007
                  • 6562

                  #9
                  Filling pea contract and cleaning out a bin today. 3000 over contract in bin. Kinda want to clean out bin. Price 8. Said other guys offering 8.50. Guy calls back yes we can take it. I origionally said I will park truck under auger and wait till call. Had auger running truck almost full. Gives me 8:50. Nice.

                  Comment

                  • HFL
                    Senior Member
                    • Dec 2006
                    • 371

                    #10
                    Can't be yellow peas???

                    Comment

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