Beans/canola

[boarderbloke]

Canola turns around this morning from being down $5.20, MAR-JULY spread opens to $25.00 as I type.

[boarderbloke]

well,,,that didn't last long! Is it fatiguing, or profit taking before Friday's USDA report and the Chineese New Year next week? anybody?

[charliep]

Checked a couple of the grain company websites and they are showing $10 over. With interday trading, prices close to $650/tonne or $14.75/bu.

[charliep]

Still going off the March contract as well. Will flip to the May I suspect shortly. Watch the basis when they do the roll. Will be interesting how the March/May spread works through the system as the companies change their pricing feference month from March to May.

[boarderbloke]

ya charlie, I've been carring that thought about MAR droping off, anyone of these days. Got brunt a couple years back when they those to change alittle earlier than usual. Took awhile to make up the basis differance.

[fjlip]

Viterra went to May today, dropped 20 cents by the close.