Cambra in Lethbridge $0 basis and having to haul canola with trucks from their local elevators in to keep the plant running. Viterra just came out with -$3 for oct -$1 for nov and -$1 for jan delivery in Lethbridge. Is this just local but I have been hearing it in most places that companies can't get canola. Is Tom right and it's because of the late harvest? That's doesn't seem right to me. Only middle of sept, it's not late. Oh and cambra just shutdown for 10 days for "maintenance"
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If there was carryover it would be easy to access. If guys had dry canola leftover they would be cutting paper dry deals to keep combining.
Somethings not right with the numbers. -
I drove to Saskatoon... Edmonton and home 1200km yesterday. Lots of newly harvested Canola in the bin... but since prices have dropped... farmers are making the market pay up for that Canola.
Good for those who have the dry Canola in the bin... I would not expect any less of anyone who has an ounce of Common Sense.
Mother nature... is rationing supply... after Equinox and weather change... watch out!!!Comment
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Clavet doesn't seem too interested. Basis bids range from $23-38 under.Comment
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Clavet had a sweet ass deal of 10 under fob farm last week.
Lots of that canola west of stoon won't yield very high...Comment
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there's no carryover. all bullshit . there was a good premium here to fill a train . lots of cars of new crop canola shot outta here testing 6-7 mt at $10.45-$10.50 /bu. . was a nice price from combine . no contracts , just like the good old days . thanks to grain co. for a good pricing opportunity for new crop . it will probably be referred to as carryover by the experts , but from what I saw , it was all from combinesComment
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If that carryover does exist, its what I call the high hanging fruit and harder to pick. There will be more low hanging fruit soon.
Where's all the "streaming canola"?Comment
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Well, north west of Stoon will be better than anticipatedComment
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I agree with Tom. Most farmers are locking their bins and aren't willing sellers. Most in this area have delivered on their DDCs and have their cash flow covered for now.
If basis strengthens some more it might be good strategy to lock the basis though.Comment
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I agree with Tom. Most farmers are locking their bins and aren't willing sellers. Most in this area have delivered on their DDCs and have their cash flow covered for now.
If basis strengthens some more it might be good strategy to lock the basis though.Comment
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