7.50 new crop canola

[Klause]

In North Dakota. .... ouch

[farming101]

7.50 divided by .8 is 9.375. Ouch is right!

[stonepicker]

Locked some new crop canola in last thur. @ 9.97, not a bad starting point i thought. Guess i can't brag about getting $10.00 for my canola though, LOL

[stonepicker]

It's still over $9.90 this morn.

[TOM4CWB]

New Crop Nexera... off the combine... just grazing $500/t the past few days. will do first increment soon!

[SASKFARMER3]

On the nexera if you get ten less yield is it worth it!

[GOODRUM]

Here we go again , panic forward pricing should guarantee another year of depressed returns .
Give your head a shake! Look at the price of things we have to pay for, these are NOT good prices.

[farming101]

SF3, it might be?
Remember, you get to handle less bushels for possibly a similar per acre return.

[TOM4CWB]

SF3,

new genetic are making yield problem less? New seed this year... time will tell!

[stonepicker]

Goodrum, it's called smart marketing and covering fall cash costs at an historically good price. What's your marketing plan? Do you just haul it in at harvest and risk a drop in prices because of big volumes and harvest pressure? No panic selling here, i'm taking what the market is giving me.

[macdon02]

It might be 7.50 but they got some dandy insurance on it. Talk is canola has best return for 15 if just going by insurance guarantee. Seed sales are supposed to be very good.

[SASKFARMER3]

So no market distorting programs in the USA! Tom keep me informed on the new variety yield!

[Braveheart]

The last time we grew Nexera, it was the variety CL 2012. Average yield was 55 bpa. Put with the premium it was phenomenal.

We're out of Nexera right now because of herbicide rotation. We don't like RR canola and there aren't LL varieties.

[macdon02]

Takes me 3 years to get 55 bushels an acre lol! This tap better shutoff

[Oliver88]

On a positive note, a low new crop canola price right before seeding might be a good thing and will limit acres seeded.