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Canola on a runaway?

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  • charliep
    Senior Member
    • Oct 2000
    • 9002
    #11
    What I find interesting is the old/new crop spread - narrowed up slightly. Most companies are pricing off November anyway. Having said, I would watch this spread. Canola carryover in the 1 MMT (Ag Canada) to 1.5 MMT range is tight but less significant with potentially an early harvested crop.

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      • jake550
        Senior Member
        • Jan 2015
        • 308
        #12
        Defiantly a canola wreck in our area.
        What canola is more accurate.
        Lots are reseeding but we all know June seeding has its own problems. Time will tell I guess.
        If it freezes August 19 like it did in 2004 it won't matter when it was seeded.
        Gotta love this farming.

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          • hobbyfrmr
            Senior Member
            • Feb 2008
            • 3178
            #13
            Jake, if it freezes Aug 20, it's not going to matter on any farm!

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              • ado089
                Senior Member
                • Aug 2004
                • 1754
                #14
                Im kind of glad I still have half of last years canola in the bin unpriced. July put call spreads are sitting maxed out. Too bad a crop this year is quickly evaporating and freeze drying. Also glad I've only got 50 lbs of N down so far.

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