$700 canola is here

[crusher]

July 08 canola traded above $700 in the overnight. The trick will be to sell some at this level.

[wd9]

Or..... Wait till it hits 750.

[SASKFARMER3]

I said all along its $800.00 that's the magic number for the rest.
Were getting closer.

[freewheat]

For all I care it could go to 7000 bucks July. if a guy doesn't seed a crop, al he can do is watch. i am glad for anyone who has crop to sell, it is just frustrating to not have any.

[cottonpicken]

Boy you guys are really going out on a limb.

700 to 750 is a whole 7%
700 to 800 is 14%

On nov 20th we were at 464,our breakout level.We've made 50%.3 months.

Critical level with resistance.

[parsley]

A few notes from Australian information I get:


===== Chinese canola crop...40% has
been wiped out by bad weather.

===== predictions China would
court Canada for replacements.

=====Rumblings EU farmers cutting canola acres for wheat/feed

====canola limping behind wheat marathon.

===If China doesn't buy soon, canola will sink.

DYOD
Parsley

[cottonpicken]

If,if,if,if,if,if

maybe if oil goes to 27$
maybe if gold goes to 375$

Not likely.

Technicals and fundementals are fine.

Canola is gone baby gone.

[cottonpicken]

Heres a target for ya-1211$ per ton.

This is the 161.8% level.

[cottonpicken]

CP, pretty close to my target of 1226. By the way Wheat has a 3rd leg left in her yet too!! Soyabeans 1st target $1928, and then $26 dollar
beans to come!!