Bunge Eastern Plants Pay Farmers $11.61 a bushel for Canola, West?

[fjlip]

"Farmers have more influence on price than you give yourselves credit.", absolutely, but we will NEVER act together, always the many divided due to individual situations/cash requirement and so the few buyers RULE!

[MBgrower]

Jdepape, I completely agree, farmers are setting a lid on canola prices. Graincos are probably sitting on a sh@tload of $10.00 targets. Cash prices and basis is based on how low farmers are willing to sell and to fulfill Graincos shipping commitments. Unfortunately too many farmers selling at these prices. Farmers in s.mb had good crops and the U.S. market as an option. Canola basis firmer here, as farmers not willing sellers.

[bucket]

And don't forget statscan and the advance program feed the graincos data about grain stored on farm and the amount of grain held on those programs.

Not individually of course but as a whole graincos are fed inside info.

[samhill]

There's not enough canola grown in Ontario/Quebec to operate a canola crushing plant, so where does it come from ?